Mike Norman Economics

ECB vs Fed in who will blink first.. in past it was always the Fed but Trump may have flipped the script... “MAGA” position would be to not disadvantage US firms with higher rates vs foreign competitors...The European Central Bank left its crisis-fighting tools unchanged, asserting that its current stimulus settings are powerful enough to put the economy on track for a rebound later this year https://t.co/q3cMfhg1nq— Bloomberg Markets (@markets) April 22, 2021

In a speech today Russian President Vladimir Putin says if the West crosses Russia's red lines, Russia will react harshly, swiftly and asymmentrically. 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

 Finland, for the fourth consecutive year, topped a list of countries evaluated on the well-being of their inhabitants. “Really?” Finns ask.But there is a lot about Finland that is, indeed, great. The country’s public school system, which rarely tests children, is among the best in the world. College is free. There is a good universal health care system and child care is affordable. And Finland has been one of the least affected European countries by the pandemic, which experts attribute to...

 My Honor 10 takes pretty good photos and I find it more fun to use than my Panasonic camera, although the zoom isn't as good. With its panorama mode I can some stunning photos. I use a little bit of the panoramic effect to get a nice wide angle. The photo below was with the panorama mode and I put it through some filters after. In night time mode it takes multiple shots over 6 seconds and then gives an image without camera shake. I remember years ago having to lug a tripod with me...

If these were isolated incidents, the matter could be ignored. But they are not. It fits pattern ("playbook") of journalism functioning as a key element in propaganda, disinformation, and narrative manufacturing. The other side of the page is marginalization of a counter-narrative and isolation of dissent through de facto censorship.It is telling that other than his own blog, Professor Robinson's available venue is RT when he can arguably be considered the successor to Stephen F. Cohen as a...

My only criticism is that Frank Li should have used MICIMATT (Military-Industrial-Congressional-Intelligence-Media-Academia-Think-Tank complex) instead of MIC (h/t Ray McGovern for the longer acronym). The MIC has become a many-headed Hydra.This not about national defense. It is quasi-religious war to spread the ideology of liberalism in a way that is eerily similar to the way that previous religious wars were tied to empire, in the course of which war is not only normalized but made...

Food for thought as we enter the digital age.It is difficult escaping cognitive-affective bias, perhaps impossible, but we should realize what we are facing with the development of algorithms.BruegelWe need more bias in artificial intelligenceMario Mariniello

I don’t have time today for a full review of the Fiscal Monitor publication.But suffice to say, the tone coming out of the IMF has shifted significantly from when it was leading the charge in destroying nations and increasing income and wealth inequalities.Don’t think for one minute, however, that the institution has abandoned mainstream macroeconomic thinking.It hasn’t.But it has opened a sort of schizoid image – talking about, on the one hand, a global innoculation program “paying for...

Super Scary Abandoned CastleTower at Five Corners, Vladimir, Russia Taj Mahal at sunrise Sunrise, Dolomites, Italy San Francisco, City HallCanned MusicCoastline SunsetOat House by river