Mike Norman Economics

Full speech and official translation.Ministry of Foreign Affairs, the People’s Republic of ChinaStatement by H.E. Xi Jinping President of the People’s Republic of China At the General Debate of the 75th Session of The United Nations General Assembly

Washington Post vying with the NYT for the CIA best propaganda award? Moon of Alabama Lying With Headlines

Was covid-19 a test of governments, if so, China passed with flying colours while the West failed.Within 40 years China has gone from an economy like rural India to one of the most advanced countries in the world. At this rate it will soon surpass all other countries. Martin Jacques discusses China’s raise in today’s drastically changing international environment. He navigates China’s position under the context of the COVID-19 pandemic and the China-US Cold War. Martin Jacques - From...

China could become the world’s first country to introduce a state-backed digital currency. The People’s Bank of China on September 19 announced its digital currency was ready for launch, although the central bank did not say when the virtual money would become available. The DECP (Digital Currency Electronic Payment) will be exchangeable for one renminbi (RMB) and be distributed by state-owned banks and possibly digital payments firms like Alipay and WeChat. Users will buy DCEP, store them...

On Tuesday (September 22, 2020), the ABS released the latest data for – Weekly Payroll Jobs and Wages in Australia, Week ending 5 September 2020 – which gives us the most up-to-date picture of how the labour market is coping with the on-going restrictions. This data provides more accurate estimates of the impact of the harsh Stage 4 restrictions that have been imposed in Victoria to address the Second Wave of the coronavirus. Overall, payroll employment has fallen by 0.9 points since July...

Questioning the policy of taxing income from work more than from economic rent. Using taxation to discourage socially detrimental behavior should be no brainer.Lars P. Syll’s BlogMMT and the need for tax reformsLars P. Syll | Professor, Malmo University

We'll get September data next month (October) and that's when it will confirm what I have been telling you since early September. But those sellers will establish the bottom of this correction. 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

We'll get September data next month (October) and that's when it will confirm what I have been telling you since early September. But those sellers will establish the bottom of this correction. 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

As he stressed the importance of the UN, Xi could not be more explicit that no nation has the right to control the destiny of others: “Even less should one be allowed to do whatever it likes and be the hegemon, bully, or boss of the world .” The US ruling class obviously won’t take this act of defiance lying down. The full spectrum of Hybrid War techniques will continue to be relentlessly turbo-charged against China, coupled with rampant Sinophobia, even as it dawns on many Dr. Strangelove...