Mike Norman Economics

Some history of economics relevant to MMT and the MMT JG.Thoughts On EconomicsKeynes and Henderson Create A Qualitative MultiplierRobert Vienneau

Anticipated strength in Chinese exports.Not all China though. Shipping companies are stocking up. A handful of producers in China build almost all of the world’s containers. Interesting article about the shipping industry.Zero HedgeChinese Container Factories Are Now Sold Out Until February Greg Miller, senior editor at American Shipper

Calculated RiskFreddie Mac: Mortgage Serious Delinquency Rate increased in August, Highest Since January 2013Bill McBride

All this makes us think that in an advanced society such as ours it is no longer an illusion to defend the veracity of this statement: the only way to achieve permanent full employment is to prohibit involuntary unemployment, and therefore it is necessary to implement a program that guarantees that everyone who wants and can work has access to a decent job.... Such measures would not be impossible within the European Union and the euro if the European Union were to change its treaties....

Fourth consecutive day of improving corporation income tax flows. This indicates improving economic activity. Stock correction is over for now. 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

Fourth consecutive day of improving corporation income tax flows. This indicates improving economic activity. Stock correction is over for now. 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

Hangzhou-based Ant Group will list the dual IPO amid early investor interest and is will be based on a valuation of roughly $250bn, according to Reuters.... Sputnik InternationalIn ANT We Trust: Alibaba's Ant Group Launches Major Cross-Border Blockchain Platform Amid Record IPODemond Cureton

Russia has taken over from Saudi Arabia. For one thing, pipelines across land are more efficient than shipping by tankers. Secondly, Saudi Arabia is in the pocket of the US, which views China as an adversary in addition to a competitor.Russia and China also settle in their own currencies in their own payments system.This implies that Russia is far less dependent on the European market for its exports than it was previously.OilpriceRussia Remains China’s Top Oil SupplierTom Kool

I would not dignify them with the title American Supremacists when it appears that they are just plain old Neofascists beating the drum of exceptionalism.Supremacism is based on the assumption of national exceptionalism, which is similar to racial and ethnic exceptionalism and some national exceptionalists are also either racial exceptionalists or ethnic exceptionalists, or both. National exceptionalism manifesting as supremacism are categorically different from pride in one's country and...

The US economy is beginning to recover in some respects. But is the recovery being threatened by the overhang of private debt? A fast recovery would take care of this issue on its own, but a gradual recovery or a setback would exacerbate it.  To some degree this is a policy choice, but it also depends on the direction of the pandemic. The past is not always predictive of the future, but judging on the basis of previous pandemics, it takes about two year to work its way through a...