Mike Norman Economics

The US has been over-stretching the concept of national security and abusing state power to suppress foreign companies,” she continued. “We firmly oppose those wrong actions. The US government should respect the principles of market economy and fair competition.”...RT — Question More (Russian state-sponsored media)China identifies roots of US crackdown on TikTok

The emergence of “New Economic Order” would transform the way logistics and transport in global market is being carried out. The North-South Transport Corridor (INSTC) member countries must contribute effectively for the overall development of corridor i.e., the improvement of inland waterways, security of container and general cargo terminals in Caspian ports, the modernization of border crossing points and the construction of logistics hubs and roadside service facilities, writes Muhammad...

ECB finally went non-negative IOR….Euro stoxx banks reached highest since 2018 on inflation data. pic.twitter.com/sxCz7ratzu— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) February 28, 2023 Europe bourses following their banks back up… same thing should happen here on the rate increases…  Brandon starting WW3 not withstanding…BofA now joining JPM with a call for 6%:Fed Might Raise Policy Rates To 6%, BofA Says - RTRS https://t.co/Nt9xA46vZE— LiveSquawk (@LiveSquawk) February 28, 2023 🤑🤑🤑🤑🤑...

Are you reactive or rational about what's happening? 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

MOSS, the first large-scale conversational language model in China, will be made open source by the end of March, said the research and developing team on Sunday.Named after the artificial intelligence featured in the Chinese Sci-fi movie The Wandering Earth II, MOSS became the first ChatGPT-like software unveiled in China when it was made available to the public for testing on Feb 21....Socialsim.ECNS (Chinese official English news service)China's first ChatGPT-like software to be made open...

I gotta calm down

This debate in itself is not particularly significant (other than possibly showing up in internet MMT arguments), but it does provide another vantage point on the problematic nature of “money” in economic theory.…Bond Economics Government Bonds As MoneyBrian Romanchuk

The matter has gone to India’s Supreme Court via a public interest litigation seeking probe against Hindenburg “for exploiting innocent investors.” Interestingly, Hindenburg also holds short positions in Adani companies through US-traded bonds and non-Indian-traded derivative instruments. Hindenburg’s actions have been controversial. The firm’s financial model involves identifying “bad” firms, investing to profit from the company’s price collapsing, and then publishing a negative report...

If you cast your mind back to the peak of the GFC, when people were actually talking about the dissolution of the Economic and Monetary Union (EMU), a.k.a. the Eurozone, or more specifically, a unilateral exit by Greece or Italy, we were told by the ‘experts’ that it would be catastrophic. Over and over, headlines shouted at us how disastrous it would be if the Eurozone failed. Well, guess what, even pro-Euro researchers have come to the conclusion that the effects of collapsing the monetary...

Cancelling loans put the Wunder into Wirtschaftswunder. Treat poor nations the same today.The GuardianThe Guardian view on Germany’s economic miracle: it was built on debt reliefEditorialSee alsoNotayesmanseconomics's BlogGermany revises GDP growth further into recessionary territoryShaun Richards