Mike Norman Economics

Neoliberalism still rules. Fiscal conservatism waits in the wings.Bond EconomicsStatus Quo Election And Another Lost DecadeBrian Romanchuk

Backgrounder of the pros and cons. Basically, fintech makes more services available to the public and is competitive with banks, but the result of fintech centralization is increasing inequality and also financial risk that adds to systemic risk.Project SyndicateAnt Group’s Long MarchShang-Jin Wei | Professor of Finance and Economics at Columbia Business School and Columbia University’s School of International and Public Affairs, and former chief economist at the Asian Development Bank. ...

It’s Wednesday and so only some snippets today. First, a video of a seminar I participated at the other day where we talk about the future of Europe (and the World). Second, some working papers that might be of interest. And finally a music segment. I felt like posting the 1980s song from The Vapors – Turning Japanese – after the Reserve Bank of Australia announced yesterday they were now modelling their monetary policy interventions of the excellent template that has been pioneered by the...

The Chinese regulators seem to be on the right side of this one, but they should have stepped it sooner. But better late than never. The concept of banking needs to be extended to fintech.Zero HedgeAnt's IPO Suspension Shows It's Too Big To Fail NowYe Xie, Bloomberg macro commentator and analyst

Underneath the emotion which will be running high, will be those powerful fiscal flows. That's bullish. 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

Sign of recovery, or OPEC?OilpriceOil Prices Soar On Major Crude DrawJulianne GeigerSee alsoZero HedgeWTI Extends Gains After Bigger Than Expected Crude DrawTyler Durden

 I don't put up criticism of MMT unless it is informed and Otmar Issing at least knows the basics. His response is predictable since he is a well-known financial conservative even in Germany, which is the the contemporary bastion of the Treasury view. He still thinks that monetary policy administered by an independent central bank works, in spite of the facts.His argument against MMT? Currency debasement.Project SyndicateThe MMT MythOtmar Issing, President of the Center for Financial Studies...

Neil Howe, co-author of The Fourth Turning with the late William Strauss, unpacks the demographics of generational change.MarketWatchU.S. faces a potential ‘secession crisis’ at home and ‘open conflict’ with China in the coming decade, says author who predicted 2020 unrestJonathan Burton interviews Neil Howe

 3% (Merril Lynch) to 4.5% (Goldman). All that government spending having an effect? But without a stimulus bill, many are hurting and growth could have been both better and more even.Calculated RiskEarly Q4 GDP ForecastsBill McBride