Ecocnomy's balances have been drained by $125 bln already from taxes and more is coming. Despite this, stocks held up well. For now. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://www.pitbulleconomics.com Understanding the Daily Treasury Statement video course....

Destroy ‘creative ambiguity’ in order to change the world Stavros Mavroudeas Professor of Political Economy Panteion University In a recent (much publicized by systemic circles) article, G. Varoufakis, referring to the current international banking turmoil, uttered the supposedly radical slogan ‘let the banks burn’. Of course, G. Varoufakis is not famous for the coherence of his economic analyses. As he has described himself, he is a fairy tale creator impersonating an...

New housing construction appears to have bottomed; but expect further declines in construction employment ahead  – by New Deal democrat Pointing your attention to NDd’s calling out of the economic signs leading to job declines. ~~~~~~~~ For the past few months, I’ve noted that new home sales, which while very volatile frequently are the first metric to signal a change in trend, appeared to have bottomed by early last autumn. This...

This approach can be problematic

STEM Musk getting PTSD from all the stress of large scale (read expensive) testing of his hypotheses….You think art degree monetarist moron Larry Summers (or any other Art degree moron for that matter) is getting PTSD from spewing the dianoia of their untestable theses?NFW…

And Costs. Angry Bear is an economics blog. Sometimes, I wonder as I take on many topics not including an economic cost. Gun Violence does have an economic cost to it which impacts our economy. We just have not talked about it. The average annual cost for overall gun violence in the United States is $1,698 for every resident in the country. In states with stronger gun laws, the economic toll of gun violence is less than half this amount. Whereas...

Explanation — not a question of simply adding nodes to a causal model If we do not fully explain by adding more variables, how do we explain? Mechanisms explain because they embody an invariant property. The first mechanism, linking the gas pedal to the rotating drivetrain, is combustion: The second mechanism, linking the rotating drivetrain to acceleration, is the relationship of torque to force. Combustion is a high energy-initiated, exothermic...

This You Tube clip is about 25 minutes long which is an awfully long time for blog-readers to sit still and listen to someone talk. Yes, yes I know. I am not the most exciting writer out here either. I am sure I have caused a yawn or two and perhaps put some to sleep. Numbers, manufacturing, and supply chain are not exciting topics. The “Pres” does not come down and congratulate you for opening lots up for the shop, getting parts for those lots, and...

Money manipulates prices unfairly

Despite today's nice rally, tax drain over the next 6 weeks or is going to inect lots of volatility into stocks and risk assets. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://www.pitbulleconomics.com Understanding the Daily Treasury Statement video course....