Mike Norman Economics

Good is bad and bad is good!

Fiscal flows are exploding. And that's a super bullish development. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes

 Iran's lithium deposits are estimated at 8.5 million metric tons, which would make it the world's second largest lithium reserve after ChileIrony.The CradleIran discovers world’s second largest lithium reserve

This is US CPI… I don’t know if this is what the Art degree monetarist morons mean by their figure of speech “inflation!” but maybe… I don’t understand a lot about how these peoples non technical brains work… Anyway if you look at this price index it hasn’t peaked as of the January report…This is in contrast to Bills report on Australia below… you can’t say the US CPI has peaked…It seemed to have peaked looking at the December report at 297 but now since January 1 we’ve had a significant...

Given yesterday’s extensive National Accounts analysis replaced my usual Wednesday blog post, I am using today to discuss a range of issues and provide a musical interlude into your lives for peace. Yesterday’s bad National Accounts data release took the headlines away from another data release from the ABS yesterday – the monthly CPI data results. Inflation is falling in Australia and has probably peaked. The RBA still thinks it is going to hike rates a few more times. As more data comes...

This will eventually happen but that’s not the point… here’s the thing:  the whole USD system will go CBDC…. The WHOLE THING….  and then… these Art degree monetarist morons will STILL insist the abstractions are REAL! …. They will!  …. Lock it…The Treasury Department will lead a new working group that to explore a possible launch of a digital dollar https://t.co/fhTPuOKmnP— Bloomberg Economics (@economics) March 2, 2023

Nothing. Just don't listen to the idiots on Wall Street. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes

Fundamental factors, physical flows, all pointing to higher stock levels. However, you must stay positive and focus on the fundamentals.

The Australian Bureau of Statistics released the latest – Australian National Accounts: National Income, Expenditure and Product, December 2022 – today (March 1, 2023), which shows that the Australian economy grew by 0.5 per cent in the December-quarter 2022 and by 2.7 per cent over the 12 months. This is a significant decline in growth, which is now insufficient to prevent unemployment from rising over the coming period. Growth is being driven largely by continued (but moderating) growth in...

Maybe economic warfare is not all that it was cracked up to be. Or maybe not. Blowback from it is rocking the NATO alliance as NATO countries buckle economically. The only NATO country profiting from the crisis is the US and other NATO countries view this as at their expense, although, being vassal states, they can only whine about it.What went wrong? The world economy is a system and the US failed to grasp Russia's place in the system and also the state of the system itself. As a result,...