Mike Norman Economics

The reason that the NY Fed as well as many Keynesian and other critics of the Chinese ‘miracle’ are so sceptical is that they are seeped in a different economic model for growth. They are convinced that China can only be ‘successful’ (like the economies of the G7!) if its economy depends on profitable investment by privately-owned companies in a ‘free market’ where consumption rules over investment. And yet the evidence of the last 40 and even 70 years is that a state-led, planning...

A few weeks ago, I did a podcast for the group that has organised ‘Politics in the Pub, Newcastle’, which is a monthly event where a speaker(s) address a topic of public interest in a local Newcastle hotel and answer questions from the audience.It is meant to be an educative engagement with the interested public....Bill Mitchell – billy blogPolitics in a Podcast – fiscal statements and the pandemic futureBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and...

 Okay, it's China state media, but Mihrigul Tursun's family say she was lying and that her son is still alive.In a recent CNN interview, a woman named Mihrigul Tursun claimed one of her three children was killed by the Chinese government. She said she was separated from her triplets at the Urumqi airport in northwest China's Xinjiang Uygur Autonomous Region and held in custody in 2015. Mihrigul said she was told after her release that her son died following an operation. But according to a...

 But vaccines will still work. Phew!Antibodies against the novel coronavirus declined rapidly in the British population during the summer, a study found on Tuesday, suggesting protection after infection may not be long lasting and raising the prospect of waning immunity in the community.Reuters UK study finds evidence of waning antibody immunity to COVID-19 over time

Partisan biases in processing political information contribute to rising divisions in society. How do such biases arise in the brain? We measured the neural activity of participants watching videos related to immigration policy. Despite watching the same videos, conservative and liberal participants exhibited divergent neural responses. This “neural polarization” between groups occurred in a brain area associated with the interpretation of narrative content and intensified in response to...

A fellow heretic. Not just "liberals." There are also a good many "progressives" in that boat to nowhere. Not that many conservatives know the whole story either. Libertarians do better.Zero HedgeHow I Became A Heretic To My Liberal FriendsTyler Durden

Trump happy:We are seeing a continued strengthening of the Chinese RMB vs. the U.S. dollar. The USD/CNY rate is now retesting a double bottom of 6.7 USD/CNY that was reached for the first time 18 months ago. Read more: https://t.co/H17Nrhh1pa #fx #forex pic.twitter.com/VC4OTFQnjd— FactSet (@FactSet) October 27, 2020

This is advice? Useless if you ask me. 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

 Anti-Beijing bias has blinded too many for too long to opportunitiesThe FT is a bit fussy about copying and pasting, but it's a good article. They let me past the paywall now, but perhaps I will only get so many free goes. You have to sign up.  The FT - Don’t be blind to China’s rise in a changing world

Absolutely stunning, and just look at the gardens! This film isn't made by the Chinese government, or a Chinese media outlet. You won't believe what the inside of China's new Airport looks like! Worth over $18 Billion Dollars, it's the absolute height of luxury for the first class traveller! [embedded content]