Mike Norman Economics

Add the Blue Wave to market hopes and jitters. On top of stimulus, Covid and everything else. 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

From a bond market practitioner's perspective, model testing is straightforward: does it make money? The ability to make money after model implementation (and not just "out of sample") is a simple quantitative metric -- although one might need to wait for a large enough sample to test this. Not everyone is a market participant, and they want to evaluate models on other metrics (e.g., does it help guide policy decisions?). However, the key insight of the "does is make money?" metric is that...

 MMT continues to get around. Now Ghana. Good letter.Seems that The Deficit Myth is sweeping the earth.JoyOnlineAn open letter to the Hon. Minister for Finance and Economic Planning: Can Ghana afford it?Papa Sam Blankson, MSc. Economics (Money, Banking & Finance)/ over 8 Years of Combined Experience in Banking & Asset Management. Anita Yankey, MSc. Finance/ BSc. Economics & Finance/ over eight years of combined experience in Asset Management and Corporate Communication

And the fact that we are even discussing a once-outlandish theory such as MMT so openly today stems precisely from the difficulties that central banks have encountered in generating sustainable inflation.So while it’s certainly an issue to watch, it’s perhaps also wise to be wary of taking an inflationary future for granted....Money WeekHow will we repay our vast debt pile? Do we even need to?David C Stevenson in association with PIMCO

Stress can be constructive. It can make you stronger. Depends on your attitude. 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

Still gotta be a buyer of stock market dips. It's going higher. 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

Who owes what to whom? 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

Washington is pushing to make the tax regime voluntary — a position Le Maire strongly opposes, as most of the biggest tech firms hail from the U.S.A voluntary "tax" is not a tax. Simple as that. If it's voluntary, it's charity (philanthropy).POLITICOFrance reinstates digital tax, courting trade warBjarke Smith-Meyer, Elisa Braun

What the U.S. still could do is to honestly compete with China. But that would require humility, a strong industrial policy and a well paid and competitive work force.Neither of that is in sight.…Easier said than done. Owing to national security issues. as well as cultural and institutional differences, neither country is interested in a level playing field, and both are preparing for a lose-lose scenario to unfold for the foreseeable future. This will, of course, impact the rest of the...