Mike Norman Economics

In response, Food & Water Watch Public Water for All Director Mary Grant released the following statement:“This White House-approved infrastructure deal is a disaster in the making. It promotes privatization and so-called ‘public-private partnerships’ instead of making public investments in publicly-owned infrastructure. Communities across the country have been ripped off by public-private schemes that enrich corporations and Wall Street investors and leave the rest of us to pick up the...

China, Russia and the United States are all pursuing hypersonic weapons technologies, setting the stage for an arms race....The DiplomatHypersonic Missiles: A New Arms RaceRajeswari Pillai Rajagopalan

Biden says he has an agreement on an infrastructure deal. How big and will it pass? 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/

If you’ve been following our reporting of JPMorgan Chase since Chairman and CEO Jamie Dimon has been at the helm, you’re aware of one striking fact: this bank has a pattern of getting into bed with unsavory characters: Bernie Madoff, check. Racketeering traders, check. A sex trafficker of children, Jeffrey Epstein, check. Money launderers, check. The guy who bragged on his resume that he knew how to game electric markets, check.Despite an unprecedented record of five felony counts from the...

I have been updating my databases in the last few days and getting up to speed on the latest trends. In the past, I developed a set of broad labour market indicators for Australia with colleagues at the – Centre of Full Employment and Equity (CofFEE). Our quarterly measures of underemployment were precursors to the Australian Bureau of Statistics measures which are now published on a monthly basis. I was doing some calculations this morning using Eurostat data as part of some research I am...

Thinking there are predictable and infallible conditions you can always count on is a path to ruin. Learn to think, understand, analyze and behave. 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/

The numbers continue to get weaker. Economy set to slow.

 I think really shows why so many of us in on the left are so inspired by China. It has had a chequered history, for sure, and it will have its fair share of right-wing hawks and psychopaths, like any country, and some of these people will be in high places, but we're hoping it's system of governmence will keep them at bay, or even remove them completely before they get too much power. Mankind can be brutal, and can often be so even without even fully knowing it (when pretending it to be a...

The global economy is shifting away from the US and Europe towards Asia. The FT's global China editor James Kynge FT economics commentator discuss whether China will dominate global commerce or whether the world economy could split along regional lines FT - Will China become the centre of the world economy?ll China become the centre of the world economy?

One pattern of comments that I have seen is where the person making the comment points out some particular price change, and asserts that this somehow proves that inflation cannot be 2%. This is a criticism of CPI data that does not stand up to even a brief examination of the official data...I've seen this pattern of inflation hysteria for as long as I can remember.Bond Economics One pattern of commentsBrian Romanchuk