February jobs report: the decelerating trend resumes   – by New Deal democrat As I’ve written several times this week, my focus on this report was on whether manufacturing and residential construction jobs turned negative or not, whether temporary jobs continued on their downward trajectory, and whether the deceleration apparent in job growth would reappear after the blockbuster January report. Deceleration absolutely reasserted itself:...

This is Part One covering Medicare Advantage, Direct Contracting, and the MA Money Machine of which the Risk Scores drive the payout. If the Risk Scoring methodology was eliminated, ~$355 billion over the next eight years if just the risk-score related overpayments were eliminated. This is a pretty good read if you have the patience to cover all of it. I have added acronym and other definitions at the bottom. I have also added some additional...

Everyone at the Fed and FDIC should be fired IMMEDIATELY! 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

Hey, if you have not noticed, I have been doing most of the posting at Angry Bear, for myself, others, and for NDd on Angry Bear on various topics. NDd’s commentary I consider to be important and timely reporting on housing, jobs, Covid, the economy, etc. He is on the money each time. It is amazing to me, how the FED keeps trying to blow the economy up and it keeps on ticking. There are a lot of reasons for such a great economy, none of which...

Along with Eric Tymoigne, I will be on the “pro-” side of a “pro-/con-” Modern Monetary Theory (MMT) panel at the online part of the annual Canadian Economic Association (CEA) conference (on May 30, the live conference is in early June in my old hometown of Winnipeg). As a non-academic non-economist, if I were smart, I would keep my head down and offer fairly cautious remarks from the perspective of an educated outsider (with obvious biases). Whether that happens when I start opening my...

That’s the headline for my latest piece in Independent Australia, responding to some appalling warmongering from the Nine papers. The main point is that a seaborne invasion of Taiwan would be doomed to failure. Everyone knows this, but all the important players have good reason to deny it. Share this:Like this:Like Loading...

That’s the title of my latest piece in Inside Story, expanding on this recent post. More over the fold Looking at recent news on global heating, it’s easy to give way to despair. After a brief slowdown during the lockdown phase of the Covid pandemic emissions of greenhouse gases have continued to rise. Even coal, which reached a plateau in 2013, bounced back as a result of the cutoff of Russian gas, hit an all-time high in 2022. But there are some bright spots. In particular,...