Mike Norman Economics

If Trump is able to get back in the first thing he’s going to do is tell his Tsy/Fed to reduce interest rates substantially… just like Brandon told his Tsy/Fed to rapidly increase rates in unprecedented fashion…"In the Biden economy, one third of Gen Z and millennials have no savings accounts and no savings whatsoever," Trump said during the Turning Point USA Action Conference in West Palm Beach, Florida. "They have nothing. Homeownership has been pushed out of reach for millions with the...

The economics of neoliberalism and financialization versus the economics of Putin and XI. Who wins?Alastair Crooke likely benefits here since he is not a trained economist.Strategic Culture Foundation (sanctioned by the US Treasury Department)A Tale of Two CitiesAlastair Crooke | founder and director of the Conflicts Forum, and former British diplomat and senior figure in British intelligence and in European Union diplomacy

They are all hiding because their ignorance has been put on display big-time. 

Musk understands stock market investing very well, but completely has no clue about MMT and sovereign currency.

Yesterday’s US inflation data from the Bureau of Labor Statistics (July 12, 2023) – Consumer Price Index Summary – June 2023 – shows a further significant drop in the inflation rate as some of the key supply-side drivers continue to abate. The annual inflation rate is now back to 3 per cent and dropping fast. The risk now is that the conduct of the Federal Reserve will drive the US into a deflationary period with rising unemployment. Given that inflation peaked in the third-quarter 2022,...

Now that CPI/PPI are collapsing YoY the GOP is just going to pound Brandon on the Art degree moron figure of speech "inflation!"  based on price comparisons from when he took over in Jan 2021....   easy peasy…We now have to watch how the Biden people respond to this political attack...  from a Biden people perspective they may still think they have a figure of speech “inflation!” problem… tell their Fed people  to keep increasing the risk free rate to fight their figure of speech...

Trial stage involving "super SIM cards."ECNS (Chinese official English news service)Digital yuan ushers in new payment method with rollout of SIM card integrationGlobal Times

 Not only is import substitution happening but also substitution of exporters of "unfriendly" countries with exporters of "friendly" countries.ECNS (Chinese official English news serviceRussia becomes No.1 export destination for Chinese-made automobilesGlobal Times (Chinese state-sponsored media)

I have been looking for signs that the concerted efforts by most central banks (bar the eminently more sensible Bank of Japan) to kill growth and force unemployment up have actually been effective. My prior, of course, is that the interest rates will not significantly reduce growth in the short run, but may if they go high enough start to impact on spending patterns of low income households. The next data that will help us associate the interest rate effects on spending by income quintile in...

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