Mike Norman Economics

FYI.Real-World Economics Review BlogSome constructive remarks on Wray’s “Alternative paths to MMT” Arturo Hermann

Cognitive-affective bias. Short post but really a long one considering the links, which are useful in gaining understanding as well as justifying claims.Stumbling and MumblingWhy we are wrongChris Dillow | Investors Chronicle

It’s Wednesday and only a collection of snippets today. Today we saw some self-aggrandising hypocrisy with a short memory come out of the sewers, and a statement by a government denying that they are a “successful case of MMT”, an advertisement (call for help) and some music linked to a recent, rather significant death, when considered in the history of contemporary music. Pretty full day really.... Bill Mitchell – billy blog Apparently core MMT idea is now supported by the mainstreamBill...

Zimbabwe "out of money!"...Zimbabwe's pensioners are seeing their savings disappear ⁠— and not for the first time https://t.co/5ej8gjG9UG— Bloomberg Economics (@economics) October 16, 2019

Not to be out done by all the recent US Fed reserve adds, the Chicomms counter by "injecting!" 200b of their own... that will show those stinking yankee capitalist imperialist dogs!!!#PBOC surprises the market with 200 billion yuan cash injection via one-year MLFhttps://t.co/f78p3EvSC9— YUAN TALKS (@YuanTalks) October 16, 2019

Looks like they are all pro-war:"This is shameful, shameful what this man has done."Candidates weigh in on Trump's withdrawal from Syria at the #DemDebate ?CNN (via @tictoc) https://t.co/oJCzvKE5Ri pic.twitter.com/cu2hksrqs5— Bloomberg (@business) October 16, 2019

Trading tight won't work. Winners overcome.

Richard Rorty on how what passes for the "left" in American politics, the Democratic Party, was losing the plot.  Here is another quote from Rorty:  My sense of the holy is bound up with the hope that some day my remote descendants will live in a global civilization in which love is pretty much the only law. Richard Rortyquoted by Jürgen Habermas, in "Philosopher, poet and friend," Sound and Sight (12/06/2007) MindorenyoProphetic Words from the Clintonian '90sDetroit Dan

Now that new home sales have reached a new cycle high (in June), I'd like to update a couple of graphs in a previous post (most of this from an earlier post). For the economy, what we should be focused on are single family starts and new home sales. As I noted in Investment and Recessions "New Home Sales appears to be an excellent leading indicator, and currently new home sales (and housing starts) are up solidly year-over-year, and this suggests there is no recession in sight."… Although...

Backgrounder.Asia TimesKurds face stark options after US pullback Pepe Escobar