Mike Norman Economics

Winston Frederick Sterzel, who calls himself SerpentZA on YouTube, is very racist, and seems to particularly hate the Chinese. He says they are very greedy and will eat anything, a bit like most people I know, including me. Anyway, to prove his point, he says that the first thing that the Chinese say when they meet you is, have you eaten? I knew this was probably just a way of saying hello, and it's original meaning had probably been lost. It's a bit like Watcha in Britain, which means what...

Fed said it would wind down its corporate bond portfolio. I'm already seeing ridiculous comments about the Fed "tightening." It's not. 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/

For the US-Russia summit on June 16. Sergei Lavrov didn't miss a beat when yesterday, speaking at the conference dedicated to the 20th anniversary of Russian-Chinese Treaty on Good Neighborhood, Friendship and Cooperation, stated that:Всеобъемлющее партнерство РФ и КНР больше чем просто военно-стратегический союз.Translation: All-encompassing partnership between Russian Federation and China is more than just military-strategic alliance. Sergei Lavrov is not the kind of statesman who uses...

Patricia and Christian talk to Senegalese development economist and author Ndongo Samba Sylla about the political challenges facing countries with limited financial sovereignty and Africa’s last colonial currency – the CFA Franc....Brave New EuropeThe MMT Podcast – Ndongo Samba Sylla: The CFA Franc & The Movement For Monetary Sovereignty In AfricaMathew D. Rose

There was a recent exchange on whether MMT prescribes a certain size deficit. As @KarlWiderquist argues here, the answer is no. But I would go even further. MMT does not prescribe or aim to estimate a specific size of 'desirable' govt deficit for several reasons....Read the thread here.Thread by @ptcherneva on Thread Reader App

“In the future, Brown said here last week, “all formations will have to become multi-domain or they’ll be irrelevant, [but] it’s going to be years before it can happen.” The Army’s goal is modernize enough forces to wage multi-domain warfare against either China or Russia — but not both at once — by 2028.” (Breaking Defense)….TurcopolierMulti-Domain Operations: A Developing Doctrine – TTGThe Army is nearly tripling electronic warfare personnel – TTG

 Professor Sam Vaknim says Narcissists and psychopaths are everywhere, and that they tend to rise to the top of many professions, such as politics, the clergy, the military, law enforcement, etc. He himself suffers from narcissism, and it is this that led him to study psychology. He says it's caused by faulty relationships with parents during childhood.Narcissistic Personality Disorder (NPD) is a serious, often undiagnosed condition, frequently related to abuse in childhood. In many cases...

The data release from the Australian Bureau of Statistics of the – Australian National Accounts: National Income, Expenditure and Product, March 2021 (released June 2, 2021) – shows that the Australian economy grew by a healthy 1.8 per cent in the March-quarter after growing by 3.2 per cent in the December-quarter 2020. Further, the economy is now 1.1 per cent larger than it was at the outset of the pandemic in March 2020. Household consumption growth is positive but subdued. Fiscal support...

GOP looking at Sinema and Manchin  as solid  allies on this... no break of filibuster and reconciliation till the fall beginning of FY22 means we get full effects of debt ceiling reinstatement July 31 and then 2 or 3 months of operating under “extraordinary measures”...Biden Takes Rare Swipe At Manchin And Sinema As Senate Nears Filibuster Fight https://t.co/lvyfqWiizq pic.twitter.com/8hLy1faZZc— Forbes (@Forbes) June 1, 2021