Mike Norman Economics

Longish but important. Michael Every has done his homework and applied it well to analysis. Xi Jinping, an engineer•, has thought this through systematically, and under his leadership China is embarking on a new developmental phase that has profound implications for not only China but the rest of the world.Zero HedgeChina's Marxist "Profound Revolution" Is Here, And Nobody In The West Is ReadyMichael Every, global strategist at Rabobank• From 1975 to 1979, Xi studied chemical engineering at...

There is a rational middle between Zero deficits on one side and Modern Monetary Theorists on the other. We can fix our infrastructure, extend broadband to everyone throughout the country, even work to moderate climate change — and the economy will be just fine.At the very least, can we at least raise the bar for the always-wrongs? Those who have been consistently wrong about the dangers of deficits for so long should no longer get the benefit of the doubt. When your core philosophy or a key...

Like the headline inflation index, the headline unemployment index is a simplification that needs to be deconstructed. Bill McBride finds the headline unemployment understating the case at present. The economy has room to grow.Calculated RiskThe Employment Situation is Worse than the Unemployment Rate IndicatesBill McBride

Analysis and synthesis.EconospeakAnalytical BiasPeter Dorman | Professor of Political Economy, The Evergreen State College

Warning highlights country’s growing concern over worldwide increases in pricesBut US and European central banks have said that they consider price increases to be temporary Russia’s central bank says a new financial crisis on the scale of the 2008 collapse could happen in less than 18 months if global inflation is not kept in check.A surge in public and private sector debt levels during the recovery from the pandemic could cause the global economy to “deteriorate drastically and rapidly” if...

We know the Sun is getting more active as it enters a new Solar Cycle with some predicting it could be the strongest since records began.Earth will cope this time—but what about the 1.6% to 12% chance that a huge solar superstorm occurs? And we—and our internet—prepared for such an event?Like the coronavirus pandemic, apparently not.Do we know if they’re resilient to solar superstorms? No. The last large solar events were in 1859 and 1921, which damaged the telegraph network. As for the...

The ZyCoV-D vaccine heralds a wave of DNA vaccines for various diseases that are undergoing clinical trials around the world.NatureIndia’s DNA COVID vaccine is a world first – more are comingSmriti Mallapaty

Paying for UBI should not come from taxation. If capital is socially produced why are the returns to capital privatized? My proposal is what we call a universal basic dividend. A percentage of all shares should go into a public equity trust like a wealth fund for society. - Yanis Varoufakis[embedded content]

What will it take to get Joe Manchin's vote. Anything?Sputnik InternationalMaverick Democratic Senator Throws Cold Water on Biden & Pelosi's Effort to Pass $3.5 Trillion PlanSee also at TwitterStephanie Kelton@StephanieKeltonI told you inflation fears would be the weapon of choice for those looking to scale back the Biden agenda. (I told the WH the same thing months earlier) Biden is doing a good job articulating a counter narrative but needs amplification to effectively fade Manchin’s...

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