Mike Norman Economics

Here’s a point of you nobody is considering, and it is fascinating.

McCarthy with the big 1-2 combination….Here he leads with the good ole “borrowing from the Chinese!” Art degree moron analogy figurative language:I literally asked the president: "What is the number? How much debt must America have before you say, 'let's stop borrowing from China?'" pic.twitter.com/nAd1wMtDOw— Kevin McCarthy (@SpeakerMcCarthy) May 21, 2023 And then the big combo “spending money we don’t even have!” unqualified Art degree moron figure of speech:Just got off the phone with the...

Trump wants “the kitchen sink!”…

lol… the good ole’ “crowding out!” Art degree thesis … yo it’s probably going to cause a short term >$500B reserve drain at Depositories …. 🚀Markets will suffer a $1 trillion aftershock once a debt limit deal is struck A supply burst to restock Treasury 's cash will raise short-term funding rates and tighten the screws on the US eco just as it’s on the cusp of recessionBy @mccormicklizhttps://t.co/WeW92l0b25— Saleha Mohsin (@SalehaMohsin) May 18, 2023

Don’t forget, we have a big quarterly tax drain in June, so this rally will come back down and you will have an opportunity to Biane if the debt ceiling is actually resolved.

My friend and really educated guy, Robert Hormats, just blew my mind.

Shooting yourself in the other foot?Naked CapitalismThe EU Looks Doomed to Repeat its Russia “De-Risking” Strategy with ChinaConor Gallagher

Perfect follow to Tom’s Pepe le Pew post below..  Here this MAGA gold seller douchebag went to the same Art degree school as  Escobar and is predicting the same debt doomsday apocalypse….Both probably alienated somehow…

Without a debt ceiling, solution, the economy, and the markets are finished. However, a debt ceiling solution will put everything back on track. I'm throwing in a Special Subscription deal for the next 3 days. MMT Trader $125/mo. Sign up now. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

 Review of Michael Hudson's latest book, The Collapse of Antiquity: Greece and Rome as Civilization’s Oligarchic Turning Point — and its contemporary implications. Embellished with personal interaction with Michael Hudson. Michael Hudson is becoming the go-to economist for reformers.Also of note is the venue. Michael Hudson has been an influencer in China for years. Is Russia next?Unfortunately, most of the people reading Hudson don't seem to be aware of the difference between public and...