Water is going to be the new gold. Blood will shed over it.Associated PressUS West prepares for possible 1st water shortage declaration
Read More »Dogecoin up 400% this week!
Dogecoin's move and that of other currencies like Bitcoin, is a manifestation of U.S. policy. It's a paradigm shift that's in its early stages. 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
Read More »Boom! Retail sales surge to a record on fiscal stimulus.
Fiscal works when done right. Money to working people as opposed to support for the rich and corporate profits. 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
Read More »Wall Street analyst says market has topped.
Using language like "priced in," and "stimulus has peaked." 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
Read More »Did you sell on the J&J news?
Headline traders dumped shares on the J&J vaccine news. The smart money bought. 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
Read More »China Still Needs Expansionary Economic Policy — Yu Yongding
To consolidate its post-pandemic growth momentum in 2021, China should not be in a rush to exit from expansionary fiscal and monetary policy. The government may have to issue more bonds than planned, and the People’s Bank of China may need to implement quantitative easing to facilitate this.The phrase "implement quantitative easing to facilitate this" means that the central bank purchase the portion of the issue required to support the market. This is consistent with MMT's overt monetary...
Read More »Sitrep China : Smörgåsbord of notable international data points (and a little opium war) — Godfree Roberts
Selections from Godfree Roberts’ extensive weekly newsletter: Here Comes China.The Vineyard of the SakerSitrep China : Smörgåsbord of notable international data points (and a little opium war)Godfree Roberts
Read More »The Changing Face of Imperialism: Colonialism to Contemporary Capitalism — Sunanda Sen and Maria Cristina Marcuzzo
How is imperialism relevant today? How has it mutated over the past century? What are different theoretical and empirical angles through which we can study imperialism? These are the questions we deal with in our edited volume on The Changing Face of Imperialism (2018).We understand imperialism as a continuing arrangement since the early years of empire-colonies to the prevailing pattern of expropriations, on part of those who wield power vis-à-vis those who are weak. The pattern of ‘old...
Read More »Bill Mitchell — The cat is progressively getting out of the bag–Part 2
This is the second and final part of my discussion of the – Economic Affairs Commitee (House of Lords) – hearings into – Quantitative Easing: Committee to examine whether inflationary fears justified, the future of QE, and the merits of ‘helicopter money’ approaches. In Part 1 we learned that statements made by notable central bank governors (or equivalent) to the public about what they are doing are highly questionable given the evidence given by two prominent witnesses to the House of...
Read More »Australian hostility to electric cars
Tesla should fund the production of a Road Warrior 2 where an aging Mel comes back years later and defeats the whole gasoline shortage meme with small fleet of EVs...Even Tesla can’t overcome Australian hostility to electric cars https://t.co/8DCRhX7VcH— Bloomberg Markets (@markets) April 13, 2021
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