Mike Norman Economics

These online brokers are engaged in “illegal financial activities” because they have no “driving licenses” to operate in China, Sun Tianqi, a senior People’s Bank of China official wrote in an article published on the website of Finance 40 Forum. Sun didn’t name the brokers, and added that calling them illegal has nothing to do China’s capital control rules....Yahoo FinanceChina Trading Apps Tank After Official Calls Them...

The Bank of Canada released its October 2021 Monetary Policy Report, and I just want to make some brief comments.Bond EconomicsBank of Canada CommentsBrian Romanchuk

Why open-source is the future of digital. Because cooperation.McKinseyOpen-source e-commerce: The next wave of value for the enterpriseArun Arora, Klemens Hjartar, Jake McGuire, Oscar Villareal, and Rodney Zemmel, representing views from McKinsey Digitalhttps://www.mckinsey.com/business-functions/mckinsey-digital/our-insights/open-source-e-commerce-the-next-wave-of-value-for-the-enterprise

 MMT-compliant. Worth a read.Stumbling and MumblingGovernment spending, profits & capitalismChris Dillow, Investors Chroniclehttps://stumblingandmumbling.typepad.com/stumbling_and_mumbling/2021/10/government-spending-profits-capitalism.html

Numbers.Which countries are to blame for this failure to do anything remotely close to avoiding the environmental disaster. China is usually picked out as the main culprit. It is currently by far the world’s biggest emitter of CO2 and is planning to build 43 new coal power plants on top of the 1,000 plants already in operation. But China has some excuses. It has the largest population in world and so its per capita emissions are much lower than most other major economies (although it’s the...

Even patriotic Brits know that their hero Winston Churchill did not win World War 2 or fly a Spitfire. What they, and others, may not know is how his statements often shed a clear light on British imperialism. From Britain’s reliance on colonies, to the political rationale for giving the working class some welfare services, Churchill’s rhetorical flourishes in speeches, newspaper articles, and deliberations with his peers, illuminate things all too often absent from contemporary political...

Given my inflation report yesterday, I have shifted my usual Wednesday light blog post day and music feature to today. The economic debate has moved in recent years from ‘when is the government going broke’ to ‘hyperinflation is approaching’. It amazes me how puerile the economic commentary is as journalists and economists seeking headlines trot out headlines about how bad something (insert: insolvency, inflation, whatever is the latest craze) is going to be and what needs to be done about...

 Whaaaaaaaaaaatttttttt?????White House Urges GOP To Make 2022 Budget Offer, Begin Talks - BBG https://t.co/K9qpBMCyXD— LiveSquawk (@LiveSquawk) October 27, 2021 All together now!   LFG!

 ? LOL right on cue… now it’s “the bond market is forecasting a slowdown!” anthropomorphism from these zombie Art degree morons… you knew it was coming…? So let me get this straight from these people …  first it went “inflation!” then it went  “hyperinflation!” then it went “stagflation!” now it’s just going “stag!” ?   What happened now to the “flation!”  ?Bond Curves Flash Warning On Growth As U.S., U.K. Yields Slide - BBGhttps://t.co/sCMbxyVgx7— LiveSquawk (@LiveSquawk) October 27, 2021...

Short covering by know-nothing speculators. Infliaton impulse abating. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/