Mike Norman Economics

Meh?Bond Economics Fed Nudge Not Telling Us Much (Yet)Brian Romanchuk

Zero Hedge10Y Treasury Yield Plunges Below 2.00% As Curve Collapses Tyler DurdenGrasping RealityAt a conference I am at, my fellow berkeley professor and former President's Council of Economic Advisor's Chair Laura ...Brad DeLong | Professor of Economics, UCAL Berkeley Grasping Reality The interesting fact here is that the U.S.-owned contribution to global value chains is increasingly becoming "stateles...Brad DeLong | Professor of Economics, UCAL BerkeleyRT#KamalaHarrisDestroyed trends on...

The limitations of AOC-Harris become clearer when you consider what the centerpiece of any meaningful climate policy has to be: suppressing the use of fossil fuels, which will entail putting a steep price on them. (This can be done either with a permit system or taxes, quantity controls or price controls; permits are by far the better option.) We are talking hundreds of dollars per metric ton of carbon, which translates to several dollars per gallon of gas at the pump and similar added...

Remember: these moron unqualified libertarian people are capable of anything.Like yesterday's abrupt change in reserve asset policy ending the planned $35b per month reduction in system reserve assets 2 months earlier than previously indicated.Bank system now has to adjust (bearish) to arrange for inclusion of the additional $70b of these non-risk assets they will now have to possess.Bank system currently only adding about $70b per month of total bank credit so this now additional $70b of...

There is an enormous amount of propaganda in the Western media right now. The Uyghurs keep turning up, and Russia is in the headlights again, but the Brazil / Glenn Greenwald story is just being covered as straight news with no outrage, unlike Venezuela. [embedded content]

The U.S. has long held an external balance sheet that is comprised of foreign equity assets, mainly in the form of direct investment (DI), and liabilities held abroad primarily in the form of debt, including U.S. Treasury securities. This composition is known “long equity, short debt.” Pierre-Olivier Gourinchas of UC-Berkeley and Hélène Rey of the London Business School claim that this allocation has allowed the U.S. to serve as the “world’s venture capitalist,” issuing short-term debt in...

At present, the Australian Parliament is debating whether the unemployment benefit (called Newstart) should be increased. The conservative government is refusing to budge claiming it prefers to create jobs and get people of benefits – arguing that it will generate 1.25 million jobs over the next 5 years. The Opposition Labor Party are attacking them for being mean but are just rehearsing the massive hypocrisy that has defined that party since it became a voice for the ‘neoliberal lite’...

An excellent documentary! [embedded content]

EvonomicsOptimizing for Human Well-Being Douglas Rushkoff | Professor of Media Theory and Digital Economics at CUNY Queens College, and host of the Team Human podcast and author of Team Human Oxfam Blogs — From Poverty to Power‘This Shit is Killing Me’: Dalit rights and Mumbai’s sewers Monica Moses PoliticoJudge dismisses DNC suit against Trump campaign, Russia over email hack Josh Gernstein Yahoo FinanceBond Bull Run Shows Modern Monetary Theory May Be New NormalJohn Ainger, Bloomberg...