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Mike Norman Economics

“Carbon credits”

Why don’t these same unqualified Art degree climate nutter morons think we can run out of their “carbon credits!” like they all think we can run out of their “money!”?…. Make a decision already you hypocrite dumb-f#cks…. 🤔African nations are demanding their share of profits from the growing carbon credits industry with revenue splits and regulation planned https://t.co/G6iAyvTcVq— Bloomberg Markets (@markets) July 10, 2023

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China in “deflation!”

Some China price indexes MoM and YoY negative…Chinese CPI (Y/Y) Jun: 0.0% (est 0.2%; prev 0.2%)- CPI (M/M): -0.2% (est 0.0%; prev -0.2%)- PPI (Y/Y): -5.4% (est -5.0%; prev -4.6%)— LiveSquawk (@LiveSquawk) July 10, 2023 They keep cutting their rates…People's Bank of China cuts key short-term policy rate by 10 basis points, from 2% to 1.9% pic.twitter.com/FQuMpXTatx— TRT World Now (@TRTWorldNow) June 13, 2023

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Time to address the root cause of weak demand — China Daily

It should be seen that the root cause of the current weak domestic demand lies in the low spending power of families caused by the high unemployment rate and high housing prices. Although China has arguably the largest middle-income group in the world, most of its wealth exists in the form of the real estate bubble that may burst under the pressure it is under.Under the current policy of "dual circulation," domestic demand must increase in order to reduce dependence on exports to avoid the...

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Finance, power, integration: The SCO welcomes a new ‘Global Globe’ — Pepe Escobar

Discussions at the recent SCO Summit in New Delhi now point to the inevitable: The merging of new multipolar organizations and their collective reorganization of global finance.The CradleFinance, power, integration: The SCO welcomes a new 'Global Globe'Pepe EscobarSee also "For making the new currency as good as gold, a truly sound currency, it must be convertible into gold on demand. I am not sure whether this is what Brazil, Russia, India, China and South Africa have in mind," he said....

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‘TRUTH, TRUST AND HOPE” Targeting Disinformation Part Three: ChatGPT Is Not Reliable — Thornton Parker

...That answer showed Chat understands the basics of MMT. I asked why it didn’t mention MMT until I did, and was it promoting artificial ignorance.The answer came back: “I apologize if it seemed that I was promoting artificial ignorance or neglecting the mention of modern monetary theory. As an AI language model, my purpose is to provide information and answer questions to the best of my abilities based on the knowledge I have been trained on. However, due to the limitations of text-based...

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