Mike Norman Economics

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

I don’t think anyone was surprised by this year’s “Nobel” prize in economics, which went to three American-based specialists in the design of on-the-ground experiments in low income countries, Abhijit Banerjee, Esther Duflo and Michael Kremer. I think the award has merit, but it is important to keep in mind the severe limitations of the work being honored.... On balance, I think it’s fine that this prize honors experimentalism, but we shouldn’t lose sight of the larger picture. Using...

+8% YoY who else is getting that?    Noooooooobody...#banksinthedriversseat Basel III common equity Tier 1 capital of $188 billion and ratio of 12.3% Firm supplementary leverage ratio of 6.3% $JPM reports net income of $9.1B and EPS of $2.68 for 3Q19 on record revenue of $30.1B with ROTCE of 18% — J.P. Morgan (@jpmorgan) October 15, 2019

98% agree...We need a balanced budget amendment to require we cannot spend more than its income. #commonsense There must be a balance between the projected receipts and the expenditures of the government. @RandPaul Keep fighting. #penniesplan— Josh Barnett for Congress (@BarnettforAZ) October 11, 2019

Depending on how you look at it.Greg Mankiw's BlogSad News from China N. Gregory Mankiw | Robert M. Beren Professor of Economics at Harvard University

MMT. The paradigm shift appears to be underway.ReutersRPT-In planning for next U.S. recession, economists say, don't fret about debtHoward Schneider