Mike Norman Economics

Mostly innovative digital technology. China is now an Internet society, having leapfrogged most of the developmental process taken previously and assumed to be the "normal" course by going directly to digital communications and high-speed rail, for example.  Emerging countries are watching.ECNSChina issues plan to encourage new types of consumptionXinhua

As it emerged that China is serious in following through on its threats of boycotting western clothing makers, shares of China's Anta Sports Products and Li Ning surged, while shares in Adidas, Inditex and H&M fell when European markets opened on Thursday: Burberry shares fell as much as 6.3%, Adidas was down as much as 6%, Inditex slipped as much as 1.9%; Nike was down 4% in premarket trading.Zero HedgeWhy Corporations Are Terrified Of China: Nike, H&M Tumble After Boycott Begins...

The European Union officials seem to be ‘playing violins while the nations burn’, given Covid-19 is running out of control still (another wave coming) and new variants are outpacing the vaccine rollout (which wouldn’t be hard given how slow it has been). New extended lockdowns are coming, mass insolvencies are coming (once the relaxation of rules occurs), unemployment remains at obscene levels, and the whole show is lurching into stagnation, of the type only the EU elites can create. But...

The book Agent-Based Models in Economics: A Toolkit (Amazon affiliate link) is a collection of articles edited by by Domenico Delli Gatti, Giorgio Fagiolo, Mauro Gallegati, Matteo Richiardi, and Alberto Russo. (I will refer to them as "the editors" in this article...) I picked up this book as it appears aimed at my new interest in agent-based models....Bond EconomicsBook Review: Agent-Based Models In Economics: A ToolkitBrian RomanchukSee also at Brian'sI have put up a non-paywalled draft...

 Silo effect. the institutional culture is all about protecting and expanding the silo.Lars P. Syll’s BlogHow economic orthodoxy protects its dominant positionLars P. Syll | Professor, Malmo University

Central bank monetizing the debt. More worries about "MMT." The rupee is now at over 200 to the US dollar from around 182 at the beginning of 2020.The implication is that this policy is negatively affecting the exchange rate, importing inflation. But it is difficult to established causality in exchange rate behavior with respect to specific factors.  There are many factors involved.EconomyNext (Sri Lanka)Sri Lanka fails to sell 74-pct of Treasury bills at auction amid BOP deficits

Ha ha.GovInfo.govH. Res. 267 (IH) - Recognizing the duty of the House of Representatives to abandon Modern Monetary Theory and recognizing that the acceptance of Modern Monetary Theory would lead to higher deficits and higher inflation.

Where is Japan and South Korea??Vaccine Tracker Update-March 25People covered as % of population ?? Israel 54%?? UAE 35%?? Chile 24%?? UK 23%?? Bahrain 23%?? USA 20%?? Serbia 16%?? EU 7%?? Canada 6%?? Russia 4%?? Brazil 4%?? China 3%?? Mexico 2%?? India 2%https://t.co/5eQekKNryc @business pic.twitter.com/kTraaF3DUG— John Fraher (@johnfraher) March 25, 2021

 Elon Musk tweet - You can now buy a Tesla with Bitcoin Henry Manice, Financial Times, tweet - Why not cut out the middleman and install a petrol engine?https://t.co/Z6uK0qylU6

 I haven't checked my area yet, but I have my bedroom window open at night, plus I open the roof hatch as this lets a nice breeze through, as I like the cold air to be able to sleep, so I think I'm okay. Random gas at concentrations found in some British and American homes is more cancerous than asbestos. Radon is a radioactive, odourless, colourless gas that is naturally present throughout most of the UK and in several other countries across the globe. It is emitted in varying quantities or...