Mike Norman Economics

FOMO rallies and emotional trading is what dooms investors and gives knowledgeable investors big rewards.

Global focus just shifted from Ukraine to Palestine. This new arena of confrontation will ignite further competition between the Atlanticist and Eurasian blocs. These fights are increasingly zero-sum ones; as in Ukraine, only one pole can emerge strengthened and victorious.More on the intersection of geopolitics and geoeconomics. Unfortunately, the direction is toward military-technical solutions.The CradleThe geopolitics of Al-Aqsa FloodPepe Escobar

There's no moral hazard: Chief Economist of Bank of China International (China) breaks down China's local govt debt into three dimensions: data, the "China model", and central-local govt relationship.Long and detailed article on how China's government finance works.In reality, the key determinant of government debt sustainability does not lie with the size of the debt but rather factors like inflation and international trade balances. As long as inflation remains subdued and international...

Most people think it’s all about timing. It’s not it’s about time and behavior. 

For those interested in Keynes and "Keynesianism," and Marx and "Marxism." Nathan Tankus displays  his characteristically impressive grasp of the subject he is analyzing. JacobinKeynes and the MarxistsNathan Tankus, MMT economist

The guy might be a big hedge fund manager, but he’s clueless on how the financial system functions.

The brutality and horror coming out of Israel is sickening. Hard to focus on the markets. 

Carlos García Hernández explains how he came up with the idea for his concept of fiat socialism that led to writing book based on MMT.Fiat Socialism was recently published and it is also available for subscribers to read as an ebook at Scribd.The Gower Initiative for Modern Money StudiesThe story behind Fiat SocialismCarlos García Hernández, author of Fiat Socialism: Achieving the goals of socialism through modern monetary theory. Carlos lives in Spain.See alsoThe Gower Initiative for Modern...

“Energizer Bunny economy!”  Another figure of speech…   This is what you get from these people… every time…

The issue is an alternative payments system and not an alternative currency.Naked CapitalismMichael Hudson: A BRICS+ Bank: How Would It Really Function?With introduction by Yves Smith