Mike Norman Economics

With a dearth in lending, trade finance is becoming an increasingly important alternative credit investment strategy where a growing variety of shadow banks and investment funds are becoming "the new banks". Shadow banks–a term the industry generally resents–consists of financial intermediaries who facilitate the creation of credit across the global financial system. The shadow banking system can also refer to unregulated activities by regulated institutions, including hedge funds, unlisted...

Fiscal flows continue to slow modestly, but this likely means the stock market correction will continue. 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/

Size matters. Not only are they dominant but also their dominance is increasing, making large corps powerful enough to preclude government anti-trust legislation and regulation. Economics from the Top DownHow Dominant are Big US Corporations?Blair Fix

 Isn't it weird how it became fashionable for men to have such ultra tight suits that the buttons are popping off. And the ultra drainpipe trousers tended to be a bit short too, so the overall effect was a slim guy almost bursting out of his suit. A bit of a spiv look. Anyway, that's an aside, because this is a good video about how bad capitalism can get, which is also about climate change.[embedded content]Fast Fashion Is Hot Garbage | Climate Town

Eliminating the shadow economy.ProMarket — The blog of the Stigler Center at the University of Chicago Booth School of BusinessThe Future of Money: The Case for Central Bank Digital CurrenciesEswar S. Prasad | Tolani Senior Professor of Trade Policy and Professor of Economics at Cornell Universit, aSenior Fellow at the Brookings Institution, where he holds the New Century Chair in International Economics, and a research associate at the National Bureau of Economic Research

Representative John Yarmuth (D-Ky.) is Chairman of the House Budget Committee, which is playing a key role in crafting the $3.5 trillion reconciliation bill currently being debated in Congress. During a speech to the Louisville, Ky. Rotary Club in June, he explained why he believes the government can borrow and spend the trillions under discussion without any negative impact on the economy.…Not only would not have a negative impact, it would have a positive impact on people's lives by...

It’s Wednesday, and I have been following the British Labour Party conference and it seems they are conducting business as usual. That is, working out new and old ways to keep themselves unelectable even when the Tories are one of the worst British governments in history I would think. But so it goes. A split is the only way forward I guess. The Blairites can then hold conferences, stack votes to have unelectable leaders and design fiscal rules to their hearts content. At least they will be...

 Game all but over. US loses. The window of opportunity has closed.OilpriceIran Cements Alliance With China, Russia In Clear Message To WashingtonSimon Watkins

They should rather be talking about what they can reasonably get thru reconciliation…The Fed will not purchase “the coin” with reserves… The “coin” doesn’t pay a coupon where is the Fed going to get the USDs to pay the IOR or the RRP rate on the newly issued reserves?  Fed doesn’t operate under an appropriation… they factor the govt guaranteed interest bearing securities they buy when they add reserves…Quit whining and pass something via reconciliation…  this whole “the coin!”  thing is a...