Mike Norman Economics

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...

 The tech people at Google may be regretting the notion of revamping Blogger.  Below I'm itemising the problems I've encountered. There may be more!If you are an ordinary reader please excuse the VITRIOL - which is included in the hope that somebody from Google Blogger might read it!!Below are two main faults poorly managed change processvery poor communication and very poor designplus a section why the new interface is dysfunctional - which contains 10 points explaining what is wrong with...

[embedded content] Mark Cuban, Pavlina Tcherneva, Charles Hayden on MMT and the JG

Masters control their own destiny by their actions, determination and strength. Slaves seek comfort and conformity. 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

Masters control their own destiny by their actions, determination and strength. Slaves seek comfort and conformity. 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

Sending a message?OilpriceIran Opens Navy Base At World’s Most Crucial Oil Chokepoint Charles Kennedy

The climate change deniers on twitter told me that the sea isn't rising, the land is sinking.[embedded content]YouTube - Sabine Hossenfelder - Follow the Science? Nonsense, I say.Today I want to tell you why I had to stop reading news about climate science. Because it pisses me off. Every. Single. Time.There’s all these left-wing do-gooders who think their readers are too fucking dumb to draw their own conclusions so it’s not enough to tell me what’s the correlation between hurricane...