It’s Wednesday and my blog-lite day or so it seems. Today I briefly discuss the proposition that the British government can run short of sterling. It cannot unless it chooses to do so. And the basis for choosing to do so would be deeply irrational and irresponsible, when judged from the perspective of advancing the well-being of the citizens. I also reflect on the vested interests in the financial markets and the way they get platforms in the media and policy making circles to advance their...
Read More »Navarro: stagflation is already here
Seems like everyone is all in on “stagflation!”… or have to be very close to all in..
Read More »Myth-Busting: Money Printing Must Create Inflation, By Nicolas Rabener
Some investors are betting on inflation to follow the spike in the money supply in 2020. While this is possible, the money supply has been increasing for more than a decade but inflation has fallen consistently over the same time period.The UK data highlights a strong positive correlation between the BOE’s balance sheet, money supply, and inflation between 1947 and 1995. But thereafter, the relationships broke down. Money supply and inflation still moved in tandem, but the central bank...
Read More »The Triumph and Terror of Wang Huning — N. S. Lyons
Important. Gets off to a bit of a slow start but hang in there.PalladiumThe Triumph and Terror of Wang HuningN. S. Lyons
Read More »Links — 12 Oct 2021 — Hostility Increasing
India PunchlineA face-off over Nord Stream 2M. K. Bhadrakumar | retired diplomat with the Indian Foreign ServiceSputnik InternationalUS Naval Institute Claims China Testing Unmanned Combat Ships at Secret Naval BaseDeployment of S-400 by China at Ladakh Border a 'Grave Threat' for India, Warns OppositionKim Jong-un Blasts US as 'Root Cause' of Inter-Korean Tensions, Vows to Build 'Invincible Military'North Korea Shows Off Newly-Developed Hypersonic MissileThe Duran (Global Times...
Read More »Paul Jay and Adolph Reed – The Whole Country is the Reichstag
Adolph Reed says how some of the left are playing right into the hands of the fascist, authoritarian, alt-right when they engage in anti-govt rhetoric, like their anti-vaccination and anti-mask mandates. He also says how it backfired on the liberals when they told poor white Americans - whose communities had collapsed because all their jobs had been off-shores - about White Privalage, as they did not feel privileged at all. Adolph Reed says, "The right-wing political alliance anchored by...
Read More »Flows still weak. Correction ongoing.
Fiscal flows will remain weak until we get a new budget out of Congress. Market going down.
Read More »Anti-Vaxxer Faking Vaccine Side Effects on TikTok
Scammers who ask the public for money to help them pay for a cure for an injury they say they got from a vaccine. [embedded content]https://youtu.be/_X_ji7CEXqMExcerpt[embedded content]
Read More »Market can’t hold rallies with deteriorating fiscal support.
Classic bear market trade pattern. Rallies fail, as fiscal support undercuts economic activity. 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/
Read More »Chinese ‘Disinformation’ and US Propaganda — Joshua Cho
Information warfare — "our news" you can trust versus "their lies." No, I am not talking here about US domestic politics, although it applies there, too.FAIRChinese ‘Disinformation’ and US PropagandaJoshua ChoSee alsoThe Scum"'Government without newspapers.'" The manufacture of ignorance.Patrick LawrenceRelatedMR OnlineBellingcat funded by U.S. and UK intelligence contractors that aided extremists in SyriaRTShelves Stripped Bare As Brits Rush To Panic-buy Ahead Of Christmas
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