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Links — 6 APR 2023

RT — Question More (Russian state-sponsored media)China to launch rival undersea comms network – ReutersCanadian DimensionRussia and the emergence of the post-Western worldPaul Robinson | Professor, Graduate School of Public and International Affairs at the University of OttawaGilbert Doctorow — International relations, Russian affairs [Russian realignment away from the West toward the East and South and the ending of liberalism in Russian politics]Russia’s New Foreign Relations Concept will...

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Is everybody dumping the dollar?

Even Tucker Carlson now saying dollar in major decline. 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://www.pitbulleconomics.com Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes

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Self-employed workers in India

from C. P. Chandrasekhar and Jayati Ghosh Well over half of all workers in India are self-employed. The proportions of self-employed workers are significantly higher in rural areas, and among women. In rural areas, it is presumed that it is the dominance of small-scale agriculture that leads to more self-employment, but in fact self-employed workers are around half of those engaged in non-agricultural employment as well. Even in urban areas, those working without any defined employer...

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The last positive leading indicator, Revisions causes initial claims to capitulate

Revisions cause initial claims, the last positive leading indicator, to capitulate  – by New Deal democrat Initial and continuing claims underwent some serious revisions with this week’s release. Rather than attempt an explanation myself, here is the nub of the BLS’s own explanation: Beginning … [this week], the methodology used to seasonally adjust the national initial claims and continued claims reflects a change in the estimation of the...

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William Mitchell — The absurdity of the current monetary policy dominance exposed

We start to see the absurdity of the current reliance on monetary policy as a counter-stabilisation tool, when you read the calls from the Bank of England Monetary Policy Committee member talking about the risk of a ‘significant inflation undershoot’. In a detailed analysis of the current situation, the external MPC member noted that inflation was falling faster than expected because the supply constraints were reversing quickly. She also noted that the interest rate hikes had now reached a...

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