Mike Norman Economics
Guy makes some good points… Hard to see anything getting done by month end…. He has debt ceiling being dealt with in September/October….. June deficit just ended was 220b so if TGA is 450b at end July then they can go at least 2 months at that USD savings rate till they’re out of money so that’s into October…20 Senate work days until the August recess. That's 20 days to deal with HR1, voting rights, police reform, infrastructure, etc. Focus in Sep-Oct will shift to budget, debt ceiling,...
Read More »Yahoo: Inflation fears may be starting to pass
Uh oh!!!Inflation fears may be starting to pass: Morning Briefhttps://t.co/pTjCuqNnw2 by @MylesUdland pic.twitter.com/tNArDnxFuo— Yahoo Finance (@YahooFinance) July 7, 2021
Read More »Moving Beyond Dollar Hegemony — Michael Hudson
Paper presented at Valdai Club (Russia).Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismMoving Beyond Dollar HegemonyMichael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University
Read More »When it’s obvious, it’s obvious.
You don't need intense, micro, deep-dive analysis to know when there's opportunity. When opportunity is obvious, it's obvious.
Read More »The GOP’s main voter bloc is shrinking — David Faris
US demographics according to a recent Pew poll.The WeekThe GOP's main voter bloc is shrinkingDavid Faris
Read More »‘More dangerous than Delta’: Lambda strain detected in over 30 countries, says Malaysian health ministry
A new Covid-19 strain that is much more dangerous than the Delta variant has been detected in more than 30 countries in the past four weeks, says the Health Ministry."The Lambda strain was reported to have originated from Peru, the country with the highest mortality rate in the world," it said in a tweet on Monday (July 5)The Daily Star‘More dangerous than Delta': Lambda strain detected in over 30 countries, says Malaysian health
Read More »Michael Roberts — Marx’s reproduction schema
Comparison of Marx's macro and with Keynes's macro.Michael Roberts Blog — blogging from a marxist economistMarx’s reproduction schemaMichael Roberts
Read More »Bill Mitchell — Staggered minimum wage increases in Australia further punish the most vulnerable workers
Last Thursday, guest blogger Scott Baum analysed the recent decision by the Fair work Commission – Annual Wage Review 2020-21 – on June 16, 2021, which raised the National minimum Wage in Australia to $772.60 per week or $20.33 per hour. See his blog post at – The working poor are still poor in Australia (July, 2021). Today, I also review that decision as part of my annual surveillance on minimum wage trends in Australia. The Fair Work Commission, is Australia’s wage setting tribunal, and as...
Read More »Jimmy Dore – Case Against Julian Assange FALLS APART!
Washington is a laughing stock. They got a crook to testify against Assange in a kangaroo court. It was the best they could do to try to frame Julian Assange. The world knows that Washington is a criminal enterprise. [embedded content]
Read More »How to spot a developing stock market top.
When basic conditions start to change (and they don't change often) then the market is becoming much more speculative and risks a major downturn. 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/
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