Forget tax drains, if they don't raise the debt ceiling, the U.S. will become the next Greece. 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

[unable to retrieve full-text content]Youtube video link posted 2023.03.30 What follows is an edited transcript. DANNY HAIPHONG: Good afternoon everyone, good afternoon. You are tuning in to another episode of The Left Lens. How are you all doing this afternoon? I am joined by Economist Michael Hudson, as you can see here. I am very honored to have him. Continue Reading The post All or Nothing Foreign Policy first appeared on Michael Hudson.

Uncharted territory that doesn't look friendly for the West.India PunchlineOPEC: Saudis aren’t afraid of US anymoreM.K. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador. See alsoThe CradleSaudi Arabia makes its Eurasian shiftAgha HussainAlsoRT — Question More (Russian state-sponsored media)More countries may join oil production cut – Moscow

The article attempts to show how the US has had an anti-competitive stance for almost a century and in particular since WWII. China is now in the crosshairs of it.This analysis also suggests how the US is reducing the competitiveness of the EU/EZ similarly. The EU was founded on the realization that European countries could only compete with the US by forming an economic bloc. This is a short article with documentation rather than a blog post.MR OnlineThe U.S. is trying to persuade China to...

February JOLTS report shows further *relative* weakening in the jobs market  – by New Deal democrat The February JOLTS report showed a weakening in almost all important trends. The strongest component of the entire series has been job openings. I tend to place lower significance on this, because there is ample evidence that companies have “gamed” this metric either to build up a bank of resumes, or else to suggest that their growth is strong...

There’s a reason why the old adage on Wall Street is “Sell in May and go away.” It’s because financial balances are drained I April by taxes.

Up to 35,000 UBS and Credit Suisse jobs at risk, SWI swissinfo.ch The megabank created by the UBS takeover of Credit Suisse is reducing its global workforce by 20-30% or between 25,000 to 36,000 positions. This is according to the  Sonntags Zeitung newspaper, citing an unnamed senior UBS manager. This was interesting in the US. According to CNBC Markets (Elliot Smith, three issues were occurring and pushing Credit Suisse to the brink of...

National FDI Data Detail Just some Information to throw around. Ten States Leading America’s FDI Manufacturing Workforce, globalbusiness.org and here National FDI Data – GBA globalbusiness.org (see chart to the right). The article declares there are ten states which are benefiting the most from Foreign Direct Investment (FDI). This is taken from a pitch in Global Business which was also picked up in DBusiness (Detroit). “In the past...

I had a Facebook discussion yesterday about statistics. At one point, my interlocutor posted “You should know better than anyone that statistics can be manipulated to actually show the opposite of what is real.” Well, just to be clear, that’s not a problem with statistics, that’s a problem of motivated reasoning, which is not a statistical algorithm.The topic of our discussion was economics, and he says he trusts Krugman on economics. Krugman, of...