Mike Norman Economics

Fiscal reduction starting to bite…Earnings revisions for U.S. have come down sharply per index tracked by ⁦@Citi⁩ ⁦@Bloomberg⁩ pic.twitter.com/5jBoxowvTe— Liz Ann Sonders (@LizAnnSonders) October 6, 2021

Dems are caving… are negotiating with themselves and eventually will pass something via reconciliation…  maybe they still short term default and then try to blame that on GOP who they got to filibuster…The White House is trying to broker a deal by scaling back Biden’s economic agenda https://t.co/DGRliEKsVT— Bloomberg Economics (@economics) October 6, 2021

Sputnik International (inside story)The Other Side: Beijing Reportedly Feared Trump Might Goad PLA Into Attack As Early As October 2020Michael Roberts Blog — blogging from a Marxist economistChina at a turning point?Michael RobertsThe InterceptHow the U.S. Derailed an Effort to Prosecute Its Crimes in AfghanistanAlice SperiSputnik International (putting the cart before the horse)Putin: 'Hysteria, Confusion' in Europe's Gas Markets Caused by Premature Shift to Alternative EnergyOriental...

Some of the Silicon Valley tech people really wanted an advert free, private messenger service. I did at least find that heartening. [embedded content]https://youtu.be/FQd5bo9nIZs

Ingenuity. If you can afford it.MarketWatchWalmart, Target, Home Depot and other large retailers are chartering ships to bypass supply chain problems. Will the strategy save Christmas?Tonya Garcia

Humorous analysis.Drastic (self-created) problems call for drastic (self-created) solutions. The "self-created" refers to Congress. It created the debt limit and also the legal basis for "the coin."Theater of the absurd.The International ForecasterIS A PLATINUM COIN THE SOLUTION TO OUR DEBT CEILING DILEMMA? (Is a Ridiculous Solution the Answer to a Ridiculous Problem?)Dave Allen for Discount Gold & Silver

Crude inventories at the highest level in month. Gasoline inventories at the highest level in 5 weeks. Distillate inventories at the highest level in 3 weeks. Where are the shortages? 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:...

Paul Robinson finds the UK media piling the propaganda on yet again, or better, still.The Brits have been in competition with Europeans and Russia even before the glorious days of the empire, and Russia in particular since Russia had its eye on India, considered the jewel of the empire. Traditions die hard.RTPandora Papers: Every US state-funded exposé on the lavish lives of elites is about Russia & Putin, even when he’s not mentionedPaul Robinson | Professor, Graduate School of Public...

It is worth relating this to MMT, because it helps to make clear why Marx’s notion of a money commodity causes no real difficulty, either for an MMTer wishing to take Marx seriously or for a Marxist wishing to take MMT seriously.heteconomistMarx, MMT, and a Currency’s Expression of Labor TimePeter Cooper

At present, Britain is still in the throes of a global pandemic that has devastated the nation. Last week, at Brighton, the key economic spokespersons for the TLP or the Tory-lite Party (short form, British Labour Party) told the voters of Britain why they should remain in opposition. They were sterling performances by the leader and shadow chancellor. Clarifying for all, the fact that the Party hasn’t learned much at all about their recent history. A history that has seen them lose 4...