Mike Norman Economics

Neoliberalism is the defining economic idea of our current moment, and we're all suffering for it. What is it, and how can we beat it? [embedded content]

Although there are various attempts to downplay rate expectations as an explanation for bond yields. the reality is that they dominate any other attempt to generate a fair value estimate by using "fundamental data". (Since we cannot hope to explain every last wiggle of bond yields without having a largely content-free model, we need to look at fair value estimates.) The reasoning is rather straightforward: so long as the risk free curve slope is related to the state of the economy, bond...

Longish but detailed exposé of the corporate media as the "custodians" of the narrative, with "the paper of record" in the lead. Foreign Policy JournalWho Will Tell the Truth About the So-Called ‘Free Press’?­Jeremy R. Hammond

Central Asia, between China and Europe, is bustling Take the tour with Pepe.Asia TimesAt China-Kazakh border: New Silk Roads in action Pepe Escobar

Jeremy Corbyn had a leaked document showing the secret talks between the Conservatives and America diplomats on the trade talks where the NHS was discussed. Boris Johnson was embarrassed as he said there had never been any meetings.Anyway, who leaked the documents?Well, would you believe, now they are saying the Russians did it. The new effort to cast doubt over leaked NHS documents as a potential ‘Russian influence’ plot is nothing more than a pre-election smear campaign against the Labour...

From 30 October but I just saw it. Harris Poll.The HillMajority of voters support a federal jobs guarantee program

I couldn't agree more! On Monday’s edition of Fox News’ “Tucker Carlson Tonight,” during an interview with Rep. Jim Jordan (R-OH), Carlson doubled down on his recent suggestions that the United States should be supporting Russia in its conflict with Ukraine, rather than the other way around. “I should say for the record that I’m totally opposed to these sanctions and I don’t think we should be at war with Russia and I think we should probably take the side of Russia if we have to choose...

I hope they are not stressing them out. Chinese students far out-stripped peers in every other country in a survey of reading, math and science ability, underscoring a reserve of future economic strength and the struggle of advanced economies to keep up. Bloomberg  China’s Schoolchildren Are Now the Smartest in the World

"Crowding out!" is not a "myth!" its simply employment of the typical figurative language favored by the Liberal Art trained people...But here is the thing... Why is it when Liberal Art trained hit their technical limit with their exclusive use of figurative language, they will not simply abandon this second rate figurative approach for proper abstractions of Science?What they seem to always do is instead re-label the figurative language as "myth!"... then think this is somehow going to...

Uh oh... not good:Australian fund managers are already betting on quantitative easing https://t.co/FBiuqhQVNu— Bloomberg (@business) December 3, 2019