Mike Norman Economics

Clueless. Interesting only because of where it is published.Reason Foundation is a Libertarian institution.The Hill — OpinionShould deficits matter any more?Marc Joffe is a policy analyst at Reason Foundation, former senior director at Moody's Analytics

It’s Wednesday and I have been tied up most of the day on things that keep me from writing. But I offer some comments on today’s inflation data from the Australian Bureau of Statistics which will help you understand that we have to be very careful in analysing that data because quite often CPI increases are driven by government policy which allows administered prices to rise. Short conclusion: a rising inflation rate does not signal a growing economy necessarily. I also provide details about...

This was linked to yesterday at Naked Capitalism. Here is the link to it at Michael Hudson's site for the record. The article is based on his forthcoming book.This article is based on Chapter 1 of Cold War 2.0. The Geopolitical Economics of Finance Capitalism vs. Industrial Capitalism (Dresden, ISLET: in press; Chinese translation 2021). © 2020. All rights reserved.Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismThe rentier resurgence and takeover: Finance Capitalism...

Robinhood traders blowing up the shorts. Go get 'em! Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman

The scale is global. This requires a systems approach, which McKinsey is famous for.McKinseyThe risks and challenges of the global COVID-19-vaccine rolloutGaurav Agrawal, partner in McKinsey’s New York office; Tara Azimi, partner in the Washington, DC, office; Jennifer Heller and Parag Patel, partners in the Chicago office, Adam Sabow is a senior partner n the Chicago office; Pooja Kumar, partner in the Philadelphia office; Mihir Mysore, a partner in the Houston office; Shubham Singhal, a...

The executive order, signed alongside three others as part of an effort to address racial inequality, largely returns the department to the policy adopted under the Obama administration.“To decrease incarceration levels, we must reduce profit-based incentives to incarcerate by phasing out the federal government's reliance on privately operated criminal detention facilities,” Biden wrote in the order.The order directs DOJ not to renew any of the contracts with private prisons that house...

 I was looking for something about US propaganda against China on twitter, and page after page nothing turned up, so I went to Duck and Go and found something on the first page, in fact, it was the third item. I have found lots of interesting stuff on Duck and Go recently which I was unable to find in Google, so are they suppressing stuff?We are indeed now in the thick of a Third World War. It has been started by US and UK, aided by minor Five Eyes allies  Canada and Australia. They have...

Revealing.VenezuelanalysisUN Independent Expert Alfred de Zayas: ‘This is How the Human Rights Industry Works’Geraldina Colotti interviews Alfred de Zayas

Should-read. A bit longish but essential in understanding the dynamic. Requires some familiarity with the situation for full appreciation, but even if one doesn't have that, it is still useful as an introduction. About much more than the Navalny affair.Dances with BearsOLIGARCHY IN RUSSIA – ALEXEI NAVALNY’S TELLING MISTAKEJohn HelmerRelatedAbout Navalny.Sputnik InternationalWest’s Navalny Hypocrisy a Gas

When looking at bond yields, one should keep in mind that the entire yield curve is a mathematical object. A venerable research approach is to attempt to use time series econometrics to either isolated tenors or slopes. This approach leads to misleading degrees of freedom in bond yield dynamics.In this article, I will do the simplest step towards modelling the yield curve -- looking at the relationships between selected slopes. We see that slopes move together, which pins down how disjointed...