Mike Norman Economics

Fed lately always bringing up what they call their dual mandate in the FRA of  “maximum employment with stable prices” (Powell a lawyer so ofc always looking at the law) while AT THE SAME TIME planning for a 55% reduction in equity prices....I got news for these Art Degree people;  a 55% reduction in price ain’t stable... hate to break the news to you...Fed worst case test scenario includes a 55pc drop in equities ... AFRIn wake of Global Financial Crisis, Federal Reserve has run annual...

This is going to be funny... it’s like they are going to have to go to Congress and say: “hey! we need you to re-suspend the debt ceiling so we can borrow more money than you even need and your borrowing costs can be even higher!“. Yeah that’s going to go over really well...? Scale of T-Bill Drought Hinges on Biden Rescue, Income-Tax Haul? Return of debt limit would require Treasury to slash cash pile? Short-term pressure spills over, pushing Libor to record lowhttps://t.co/vWHgeMRczX—...

 India is an example of what happens if you don't fully embrace a lockdown strategy.JAYATI GHOSH: Well, the catastrophe in India, I would say right now, is actually a man-made catastrophe, because it really reflects a government that had become casual, irresponsible and, in fact, actively engaged in superspreader events. We have had, as was mentioned earlier, massive gatherings, political rallies, addressed by the prime minister and other political leaders, in which all guidelines were...

6.4% GDP growth in Q1. Fiscal can keep this sustained.

Political economist Mark Blyth explains why inflation in the U.S., Canada, and the E.U. is highly unlikely. There is a great deal of room for more government spending and higher wages before much inflation is possible. Mark joins Paul Jay on theAnalysis.news.[embedded content]

Short answer to a question about LTV.The Philosopher's StoneWEED WHACKINGRobert Paul Wolff | Professor Emeritus, University of Massachusetts Amherst

Reminiscences.  Longish but interesting.Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismThe Honest SectorMichael 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

Good line-up.The full program is below. Register here for the online event.Multiplier EffectThe Minsky Conference ReturnsMichael Stephens

 The U.S. national debt is now bigger than its economy. That might sound scary, but we’ll explain how the United States can never go broke and can actually pay all of its debts whenever it wants to. To help us, we spoke to economics professor Stephanie Kelton, author of The Deficit Myth, former chief economist on the U.S. Senate Budge Committee and a former economic advisor to Bernie Sanders.[embedded content]

Monopoly pricing power is what central banks have. Sorry inflationists's, there will be no rate hikes.