Xu Zhijun, a rotating chairman of Huawei is on record in 2019 as saying: "If you look at the stock price of Tesla, you will know where the future of automobiles lies."His comment was foreshadowing as to where Huawei's future business efforts may be directed, according to Nikkei. In April 2019, the company set up a "smart car solutions" segment of its auto business. Their auto business currently has 5 segments: smart driving, smart cockpit platform, intelligent network, smart electric and...
Read More »TASS — Domestic demand to become main source of GDP growth in Russia in 2021-2023, says ministry
Russia is joining China in developing the domestic economy as the driver of GDP.Russia and China are also increasing trade, reducing dependence on the others.Both countries are restructuring their economies owing to sanctions and increasing their strategic alliance economically as well as militarily.TASSDomestic demand to become main source of GDP growth in Russia in 2021-2023, says ministrysee alsoFinances improving as Russia de-dollarizes. But revenue from oil exports is also important,...
Read More »Understanding The Non-Existence Of Financial Constraints — Brian Romanchuk
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
Read More »The problems of economics as an academic pursuit have a sociological origin — Gerald Holtham
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...
Read More »Keynes and Henderson Create A Qualitative Multiplier — Robert Vienneau
Some history of economics relevant to MMT and the MMT JG.Thoughts On EconomicsKeynes and Henderson Create A Qualitative MultiplierRobert Vienneau
Read More »Zero Hedge — Chinese Container Factories Are Now Sold Out Until February
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
Read More »Freddie Mac: Mortgage Serious Delinquency Rate increased in August, Highest Since January 2013 — Bill McBride
Calculated RiskFreddie Mac: Mortgage Serious Delinquency Rate increased in August, Highest Since January 2013Bill McBride
Read More »Carlos García, José Luis de la Fuente – Is it Time for a Job Guarantee Programme in Spain?
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....
Read More »Corporation tax flows trending up. Stock correction over for now.
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
Read More »Corporation tax flows trending up. Stock correction over for now.
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
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