Mike Norman Economics

I participated in a “Yay/boo for MMT!” debate Zoom panel for the annual Canadian Economist Association conference.…What I would offer as a generic lesson for this exercise is that discussing “MMT” as a concept is a dead end, one needs to focus on particular concrete topics of interest, and see whether MMT is offering useful insights into that topic.Bond Economics CEA MMT Panel Post-MortemBrian Romanchuk

The debt ceiling agreement now in Congress ends the moratorium on student loan payments. 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 Mike Norman Twitter https://twitter.com/mikenorman

As a result of BRI, the New Silk Road, CSTO, SCO, the explosive growth in the coming years is likely to come from the developing world, not only Africa and Latin America but also the countries of Central Asia lying between and linking Russia and on to Europe and China as a gateway to Asia.Central Asia is part and parcel of the Western foreign policy position regarding Russia and China. It is about who is going to control the Heartland and dominate the World Island (Halford Mackinder,...

Here are some dumb reasons some are putting forth for getting bearish on stocks. 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 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://www.pitbulleconomics.com Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes

For months, Speaker McCarthy has been telling the American people that republicans wouldn’t agree to raise the debt limit without a plan to get the nation’s “fiscal house back in order.” Never mind that he and most of his republican colleagues voted—without any preconditions—to lift the debt ceiling on three separate occasions when Donald Trump was president. To retain his gavel McCarthy needed to cut a deal that his members could get behind....In response, President Biden said, “Speaker...

RADHIKA DESAI: Hello and welcome to the 10th Geopolitical Economy Hour, the fortnightly show in which we discuss the political and geopolitical economy of our times. I’m Radhika Desai.MICHAEL HUDSON: And I’m Michael Hudson.RADHIKA DESAI: And as last time, we have once again with us today, Professor Mick Dunford, professor emeritus at Sussex University and visiting scholar at the Chinese Academy of Sciences.Mick is based in Beijing and his work focuses on world development, especially in...

I just refreshed my favourite U.S. breakeven inflation chart (above), and I was surprised by how placid pricing has been. This article gives a few observations regarding the implications of TIPS pricing....Bond Economics U.S. Breakeven Inflation CommentsBrian Romanchuk

As Perry Mehrling has recently argued in his intellectual portrait of economic historian Charles Kindleberger, the true undergirding continuity of international finance were not inter-governmental arrangements about national currencies, but the interlocking balance sheets of private finance stretched between the City of London and Wall Street. These made the Bretton Woods system increasingly unworkable by the late 1960s but they also ensured that the end of the system in the early 1970s did...

Still requires approval but current form would suspend until January 2025 … after next presidential election… good riddance…For the curious, here’s the part on how the suspension of the debt limit will work.TLDR: Treasury will again be able to use measures to delay hitting the debt ceiling come 2025. https://t.co/tZY41wWvWY pic.twitter.com/mkNsCUvi04— Justin Slaughter (@JBSDC) May 28, 2023

I can’t believe this is I even being discussed. If so, it’s bullish as hell!!!!!!!