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Mike Norman Economics

Negative January

January actually ended down for these indexes...h/t @allstarchartsJanuary is officially in the books! Unfortunately for the bulls, both the S&P 500 and Dow closed negative on the month by 1.22% and 2.10%, respectively.January Barometer: As goes January, so goes the rest of the year.pic.twitter.com/aQHvQKxHV5— SKS1586 (@sks1586) January 30, 2021

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Zero Hedge — Mark Cuban Presents A “Little Trick” For Creating The Mother Of All Short Squeezes

 The "rabble" are learning about the power in numbers. Occupy Wall Street on steroids (munnie).Zero HedgeMark Cuban Presents A "Little Trick" For Creating The Mother Of All Short SqueezesTyler DurdenTraitor to his class?Wall Street On ParadeGameStop Promoter Keith Gill Was No “Amateur” Trader; He Held Sophisticated Trading Licenses and Worked in the Finance IndustryPam Martens and Russ Martens

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Is China Now Number One? — J. Barkley Rosser

PPP versus GDP, and other economic factors.Barkley Rosser asserts that the US is militarily superior. That is true on paper, but there is more to war fighting than numbers on paper, especially funds spent. The US no longer has a decisive military advantage over China strategically or tactically, especially if Russia were to get involved logistically. Oh wait, Russia is already involved logistically. Getting involved in a kinetic war with China would be insane. (Game theory, which is big in...

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Short covering thread

Looks like a pretty good thread on what has been going on this past week with the highly shorted stocks...I would just add that this is happening in a current environment of banking system equity/capital (the numerator) suddenly being reduced by $100b...And also realize that the market for US government securities operates in a similar fashion...  so if you think the Reddit people are trading directly with the Melvin people then you are as stupid as the people saying “we’re borrowing from...

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All In One John Tasioulas

Human rights, health, the rule of law – why are these concepts inflated to the status of totalising, secular religions? 18th century liberalism raised to the status of revealed religion.Conceptual overreachOne prominent form taken by this degradation of public reason is the phenomenon I call ‘conceptual overreach’. This occurs when a particular concept undergoes a process of expansion or inflation in which it absorbs ideas and demands that are foreign to it. In its most extreme...

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War Clouds (Updated)

Hotting up. Where might all this be leading from the perspective of history?The Biden administration has reoriented its foreign policy priorities with a new focus on China and Asia, and reduced the number of staff devoted to the Middle East, Politico reported.The US-based website reported on Friday that National Security Adviser Jake Sullivan downsized the team working on the Middle East and expanded a unit that focuses on policy towards the region that stretches from the Indian to Pacific...

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Happy 25th birthday, Modern Money Theory! — Dirk Ehnts

On Monday, January 29, 1996, Warren B. Mosler, Director of Economic Analysis at III Finance, wrote a message on a message board in which he asks academics for references and help regarding his model. The model was spelled out in his text “Soft Currency Economics” (SCE), which Warren Mosler worked on in the early 1990s. The following collaboration of Warren Mosler with academics like Randall Wray, Bill Mitchell and many others led to the (further) development of an empirical theory of money...

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Wall Street billionaire says YOU wanting some fairness is b.s!

A Wall Street billionaire is crying about having to pay taxes and says YOU wanting fairness in the system is Bullshit. Leon Cooperman. 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

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