Mike Norman Economics

The Asian Century shaping up?The CradleEurasia takes shape: How the SCO just flipped the world orderPepe Escobar

 What's new in the Banana Republic of America?Impeachment as political farce.Sputnik InternationalGOP House Members File Impeachment Articles Against Biden Over 'Clear Violations of His Duties'RelatedPayback for Russiagate? Or just politics as usual in the Land of the Free, the upshot of which is the US government losing legitimacy with the American people no matter who is elected. Dangerous.Bannon Admits He Spoke With Trump About 'Killing' Biden Presidency Ahead of Deadly Capitol Riot

Roger Farmer critiques MMT.Roger Farmer's Economic WindowAn Interview with Roger Farmer by Phil Armstrong: Part 4 of 4: On Modern Monetary TheoryRoger Farmer | Distinguished Professor of Economics at UCLA

Part of my working day is spent updating databases and studying the additional observations. I learn a lot that way about trends and how far off the mark my expectations of a particular phenomenon might be. Today I updated various labour market datasets from Britain and did some digging into the relationship between vacancies and pay. It is clear that as the British economy opens up again, that unfilled job vacancies have grown very strongly over the Northern summer. While that is a good...

No way in hell this thing passes now…This is a disgrace! House Democrats voted to cut $1B in funding for Israel’s Iron Dome, the missile defense that saved thousands of lives as Hamas rained rockets on innocent Israelis this year. Restore Iron Dome Funding Now! America stands with Israel ????https://t.co/skhRZHJhMW— Mike Pence (@Mike_Pence) September 21, 2021

Lowest of any President in US history… he has effectively zero political capital left… GOP simply will not participate in the Dem CR with polling this low… which means if Dems don’t revise the current legislation we get a Government shutdown at least and highest likelihood of default due to debt ceiling yet…As of yesterday’s DTS the TGA + EMs = 470b so we at least have another 6 weeks for them to figure it out…

Typical Fed meeting and ambiguous communication (which I don't pay attention to), but most now think the Fed is getting ready to taper November. 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/

Market is in the process of adjusting to a slowdown in fiscal support, but nothing catastrophic. Nevertheless, stocks will head down for a while. 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/

China property developer Evergrande may provide a believable excuse for some to sell stocks, but the real reason the market is going down is tied to what I've been saying here over the past few weeks. 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:...

 I think I put the Economics Explained video about how the Netherlands had the highest wealth inequality in the world, although its income enequality was one of the lowest. It didn't seem to make sense, but when I thought about it I saw that it was possible how the gap in wages between the top and lowest earners could be small, say between CEOs and waiters, but company owners could still earn terrific wealth, like the way rock stars could, or authors of some of the world's biggest selling...