Mike Norman Economics

In summary, if we accept the premise that the government can wait for after a recession to worry about its finances, then we can say that it does not face a financial constraint. Given that the former appears to be a consensus view, the non-existence of financial constraints is not particularly radical. Bond EconomicsUnderstanding The Non-Existence Of Financial ConstraintsBrian Romanchuk

The solution to a problem that is sociological and political does not lie in abstract discussions of methodology or trying to identify philosophical mistakes. It lies in being open-minded to insights from outside economics , in constructing theories that use appropriate formal methods not theories that are constructed to show off command of formal methods whether appropriate or not. It means defining the domain of theoretical propositions and accepting the verdict of empirical data relevant...

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