Mike Norman Economics

Have US leaders thought this through? Have they a history of thinking things through?Naked CapitalismAmerica’s Chips War With China: Another Sanctions Backfire Coming?Yves Smith

By replacing thousands of equations with just one, ecology modelers can more accurately assess how close fragile environments are to a disastrous “tipping point.”…A recent breakthrough in the mathematical modeling of ecosystems could make it possible for the first time to estimate precisely how close ecosystems are to disastrous tipping points. The applicability of the discovery is still sharply limited, but Jianxi Gao, a network scientist at Rensselaer Polytechnic Institute who led the...

The Scientific Advisory Department of the Deutscher Bundestag recently (January 27, 2023) released a discussion paper – Modern Monetary Theory – An overview – which really exposes what all the opposition to our work is about. Initially, I was interested to learn from the discussion paper that I was a US economist after thinking all these years that I was Australian by birth and citizenship. Perhaps that error tells you something about the quality and depth of the research effort that the...

Extracts from and comments on Godfree Roberts's "Here Comes China" newsletter.Global SouthHere Comes China! – Global Southamarynth

The 12th “Middle East Conference” at the Valdai Club in Moscow offered a more than welcome cornucopia of views on interconnected troubles and tribulations affecting the region.But first, an important word on terminology – as only one of Valdai’s guests took the trouble to stress. This is not the “Middle East” – a reductionist, Orientalist notion devised by old colonials: at The Cradle we emphasize the region must be correctly described as West Asia.Some of the region’s trials and...

STEM graduate from MIT exhibits the most sophomoric of cognitive reification errors and thinks Accounting abstractions are real:[embedded content]Maybe should have taken some Accounting and Finance STEM electives… Analogy doesn’t work…  No forms of figurative language work…  This thing going viral on Truth Social with numerous likes….

You want to understand toughness? Resilience? Focus? Success? Watch this. 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

Short slide presentation, mostly numbers.ECNS (Chinese official English news service)Number of Chinese netizens rises to 1.06 billionStaffLong-form article with details also at ECNSThe report shows the internet environment has continued to improve, and the increase of Internet of Things (IoT) terminals has promoted the connection of everything.5G is already widespread and increasing quickly.Number of Chinese netizens rises to 1.06 billion; internet availability rate reaches 75.6%Also at...

Note: this is an unedited draft chapter section from my inflation manuscript. I am not too happy with this, but perhaps getting savaged on the internet might give me some additional things to add. This section follows more detailed discussions of equities and residential real estate.We will now conclude this chapter with some general comments on the relationship between inflation and the overall financial markets. What we see is that there are some areas of direct linkage between inflation...

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