Mike Norman Economics

Invest and trade using the power of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

There is a big difference between predicting and forecasting. Scientific theory is about causal explanation and prediction through formulating testable hypothesis that challenge the theory rigorously based on experimental evidence. Forecasting is making educated guesses based on limited and variable information information. The former applies chiefly to ergodic systems and the latter to non-ergodic, or if the system is actually ergodic, not enough it known about it to construct a rigorous...

Another great video about the Iranian people. They are so friendly!Sara Melotti, a young Italian travel photographer, talks about her experience of visiting Iran. "I wanted to see Iran. I wanted to feel the charm of ancient Persia, admire the intricate and colorful designs of its architecture, taste the incredibly diverse dishes, soak in the multilayered culture and live its well known heart-warming hospitality on my own skin; and thanks to SurfIran I did it all, on a dream of a road trip...

How's the U.S. economy?Here are some interesting metrics.Gasoline demand just fell off a cliff. Distillate demand broke a 4-year uptrend. The growth of loans and leases at commercials banks now the weakest in 21 months. And stock market making new highs every single day, from buyers who were on the sidelines or selling for most of 2019.You be the judge.

MAGA train keeps rolling... Market Snapshot: Dow set to attempt a run at all-time high as stock-market focus shifts from Iran to U.S.-China trade https://t.co/BLJxVEqqcX pic.twitter.com/50C7UJ2Vnw — HEDGE energy (@HEDGEenergy) January 9, 2020 Double triggers...

This piece from Smith is getting a lot of airplay on the right this week...Interesting assertion that "Trump changed rules & ended 40 years of US presidents refusing to hold Iran responsible for killing Americans."Look for more of this type of direct action from Trump for confirmation ... if true...THREAD I have two pieces tonight on developing situation re Iran: One, why is Iran launching missiles at US troops? Because Trump changed rules & ended 40 years of US presidents refusing...

Probably a fair assessment...Footnote 3: In his defense, Trump started by trying to "negotiate" with the Persian regime. They said no. Then he rapidly saw they have relatively ZERO military power & shd start making them aware of it.He thinks he can one day make them an offer they can't refuse.— Nassim Nicholas Taleb (@nntaleb) January 8, 2020

Elijah MagnierIranian messages behind attacking US bases in Iraq, and the consequences IrrussianalityReflecting on 20 years of anti-war failures Paul Robinson | Professor, Graduate School of Public and International Affairs at the University of Ottawa Consortium NewsPEPE ESCOBAR: Trump to De-Escalate: Intel Source Russia ObserverTWENTY YEARS LATER – HOW DID PUTIN DO?Patrick ArmstrongSic Semper Tyrannis (with Tulsi Gabbard. BTW, in the process of clicking through I was warned away from...

Valdai Analytics (pessimistic outlook for entire region for foreseeable future)What Awaits US in the ‘Post-Soleimani’ Middle East? Hamidreza Azizi Reminiscence of the Future (more optimistic – if the US got the message that they are vulnerable)First Impression.Andrei Martyanov Moon of AlabamaIran's Missile Launch Against Two U.S. Bases in Iraq Calls Trump's Bluff - Updated Anti-EmpireSomali Islamists Breach a US-Kenyan Military Base, Destroy Several US Aircraft, Kill 3 AmericansAbdi...

Sen. Bernie Sanders on Wednesday accused President Donald Trump of breaking his repeated 2016 campaign promise to protect Social Security from cuts, pointing to a proposed rule change that could terminate disability benefits for hundreds of thousands of low-income and vulnerable people. "Trump said he wouldn't cut Social Security. He lied," tweeted Sanders, a 2020 Democratic presidential candidate. "He is working to stop Americans from getting the benefits they paid for and need."... Is SS...