Mike Norman Economics

 The Digital Age, knowledge revolution, and data harvesting are embraced by the Chinese leadership as national policy. This is an huge step in getting numbers on a whole system in real time.New ‘Digital China’ vision a response to US tech curbs as authorities outline a ‘whole nation’ approach to going digital Asia TimesChina’s grand plan for a world-beating digital futureJeff Pao

Mr Haney debriefs Powell yesterday to identify the GOP dream scenario for 2024:“To get inflation down to 2.2%, based on history, unemployment would have to go to 10.6%."Both Sen Kennedy & Jerome Powell could be right. pic.twitter.com/yWIjQVTxHZ— Patrick Bet-David (@patrickbetdavid) March 8, 2023 Dementia Brandon telling Fed to “stay the course!”, while Pocahontas not so sure:WATCH🚨: Federal Reserve Chair Jerome Powell: “We are taking the only measures we have to bring inflation...

Is this a surprise to anyone? I bought. 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

I saw a comment about the drop in the U.S. Federal debt-to-GDP ratio, which reminded me that I wanted to discuss it once the data started to settle down. As can be seen in the above chart, the public debt-to-GDP ratio went from 135% in 2020Q2 to 120% in 2022Q3 (latest figure on FRED). A drop of (roughly) 15% in the ratio without some kind of “austerity” policies might seem surprising — but it is only surprising if you look at debt dynamics the wrong way. That wrong way is relying on “real”...

You can’t over train until you train first.

Looking like a trend.OilpriceRussia Remains India’s Top Oil Supplier For Fifth Month In A RowCyril WiddershovenAlso at OilpriceChina is the largest buyer.Germany Is Still The Second-Largest Buyer Of Russian Fossil FuelsZero HedgeAlsoNetting in rubles and yuan.Most interesting point. Russia has technology and China has manufacturing capability. (This includes military. non-military, and dual use.)TASS (Russian state media)Russia, China can complement each other in trade — expert

How is this different from conventional economics and monetarism, with a similar result. Fail (for the little guy). Great for the fat cats.Strategic Culture Foundation (sanctioned by the US Treasury Department)How Could Western Intelligence Have Got It Wrong, Again? They Didn’t. They Had Other PurposesAlastair Crooke | founder and director of the Conflicts Forum, and former British diplomat and senior figure in British intelligence and in European Union diplomacy

The great Lewis Brosellino, who dominated the S&P pit in Chcago for many years, will be my guest. You MUST watch. 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....

Have you been indoctrinated into their cult or can you think on your own? That is the question.

The Chinese currency has outperformed the greenback by volume of trading on the Moscow Exchange for the first time on record.RT — Question More (Russian state-sponsored media)Yuan squeezing out dollar on Russian market – Kommersant The Chinese currency has outperformed the greenback by volume of trading on the Moscow Exchange for the first time on record