Mike Norman Economics

Alibaba's e-commerce platform Tmall generated 540.3 billion yuan (about 84.54 billion U.S. dollars) in gross merchandise volume (GMV) during the annual shopping bonanza from Nov. 1 to 11, reflecting a dynamic Chinese consumption economy....More than 290,000 brands have participated in this year's shopping promotion, and over 45 percent of consumers that made purchases were born in the 1990s and 2000s, according to the company. Consumers born in the 2000s increased by 25 percent year-on-year,...

US trained and armed Afghan security forces are joining ISIS-K, which makes the US 'withdrawal' from Afghanistan look more like an American 'repositioning' to keep chaos hummingThe CradleAfghanistan: between pipelines and ISIS-K, the Americans are still in playPepe Escobarhttps://thecradle.co/Article/columns/3455

Interview with MMT economist Fadhel Kaboub who is from Tunisia.Rosa Luxemburg StiftungModern Monetary Theory: A Tool for the Global South?In conversation with Dr. Fadhel Kaboubhttps://www.rosalux.de/en/publication/id/41284/modern-monetary-theory-a-tool-for-the-global-south 

My bets are against stagflation.

Pepe Escobar explains the intersection of geopolitics and geoeconomics in the heartland that will be crucial in shaping in the rest of this century. This is a high stakes game for the major players and the outcomes are uncertain.Asia TimesNew Great Game in the Caucasus and Central AsiaPepe Escobarhttps://asiatimes.com/2021/11/new-great-game-in-the-caucasus-and-central-asia/See alsoSouthfrontHuawei Excluded From Brazilian 5G AuctionLucas Leiroz, research fellow in international law at the...

The Australian Bureau of Statistics released the latest labour force data today (November 11, 2021) – Labour Force, Australia – for October 2021. The background is that the entire East Coast has now come out of an extended lockdown over the last few months. The October 2021 data reveals the damage that those lockdowns have caused. But, given that today’s data reflects what was happening about a month ago, it is still too early to say what the speed of recovery will be although more recent...

If the global financial crisis (GFC) of the mid-to-late 2000s and the COVID crisis of the past couple of years have taught us anything, it is that Uncle Sam cannot run out of money. During the GFC, the Federal Reserve lent and spent over $29 trillion to bail out the world’s financial system,[1] and then trillions more in various rounds of “unconventional” monetary policy known as quantitative easing.[2] During the COVID crisis, the Treasury has (so far) cut checks totaling approximately $5...

MAGA might be going short now on the “stagflation!” thesis…Post yesterdays Biden admin disaster +6% CPI report analysis from Navarro on with Bannon yesterday. Navarro in 100% congruence with the MMT thesis on their figurative "inflation!" ie Dems forcing too much fiscal and not enough real products and services to consume creating "inflation!"...Navarro actually says he’s going short now; this is who you are trading against:

Provision of government for public purpose.New WaylandThe Supply Process: MMT VersionNeilWhttps://new-wayland.com/blog/the-supply-process-mmt-style/

People reacting emotionally to inflation numbers. They don’t understand what investing is all about.