Mike Norman Economics

There’s no dangerous and destructive tsunami of dollars coming to the United States. 

Great quotes and discussion from Reminiscences of a Stock Operator. Link to the book on Amazon....

There will be some things to watch out for this week, but bullish sentiment is still too low. 

Finding the Money is now debuting in Australia. Murray is an Australian economist that writes chiefly about housing. Fresh Economic ThinkingFinding the Money: Can a film about modern monetary theory change our economic debates?Cameron Murray

 This article, which is favorable to MMT, contains a good explanation of what MMT is and isn't.interest.co.nzAs US Modern Monetary Theory advocates make their case in Australia, Gareth Vaughan explains the world through their lens and how it might go down in New ZealandGareth VaughanAnother side of the story.[US] Conservatives, [El Salvador’s President Nayib Bukele] said, “always tell me that the problem is high taxes, but they are wrong.”“The real problem is that you pay high taxes only to...

“Oh sheeeeeeeeeeit!”….  😂😂😂Argentina’s economy contracted more than expected in December as newly elected President Milei put in motion shock austerity measures https://t.co/HHMFKEqo1v— Bloomberg Economics (@economics) February 22, 2024

Today was a beautiful day!

The facts may surprise you. Here are the numbers https://www.pitbulleconomics.com/purchasing-power/

I gave this exact date all the way back in September.

Last week (February 15, 2024), the Japanese Cabinet Office released the latest national accounts estimates for the December-quarter 2023 – Quarterly Estimates of GDP for Oct.-Dec. 2023 (The First preliminary) – which showed that the economy had slipped into an official recession (two consecutive quarters of negative GDP growth) and in the process had moved from being the third largest economy in the world to become the fourth behind the US, China and Germany. According to the media release –...