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The search for the perfect economic system
The Fed still seems determined to bring about a recession
The Fed still seems determined to bring about a recession – by New Deal democrat As I wrote on Saturday, several coincident indicators have stabilized in the past several months (for example, Redbook consumer sales, which has been at roughly 5% YoY for 8 weeks; and payroll tax withholding, which was only up 1.2% YoY for the last 4 months of 2022, but is up 4.7% YoY for the first 9 weeks of this year). This has led to increased speculation that...
Read More »Some Conversation About Student Loans
Unfortunately, this did not include the screening of “Loan Wolves.” The clip is approximately 36 minutes long. It includes Alan Collinge of Student Loan Justice who I have known for over a decade. Alan has been on Angry Bear Blog multiple times. He has not given up his, the crusade seeking relief for student loans. “Loan Wolves” Writer and Director Blake Zeff has written for The Onion and Politico besides doing other things. He is the chief...
Read More »The Price of Ignoring Life
Russia Remains India’s Top Oil Supplier For Fifth Month In A Row — Cyril Widdershoven
Looking like a trend.OilpriceRussia Remains India’s Top Oil Supplier For Fifth Month In A RowCyril WiddershovenAlso at OilpriceChina is the largest buyer.Germany Is Still The Second-Largest Buyer Of Russian Fossil FuelsZero HedgeAlsoNetting in rubles and yuan.Most interesting point. Russia has technology and China has manufacturing capability. (This includes military. non-military, and dual use.)TASS (Russian state media)Russia, China can complement each other in trade — expert
Read More »How Could Western Intelligence Have Got It Wrong, Again? They Didn’t. They Had Other Purposes — Alastair Crooke
How is this different from conventional economics and monetarism, with a similar result. Fail (for the little guy). Great for the fat cats.Strategic Culture Foundation (sanctioned by the US Treasury Department)How Could Western Intelligence Have Got It Wrong, Again? They Didn’t. They Had Other PurposesAlastair Crooke | founder and director of the Conflicts Forum, and former British diplomat and senior figure in British intelligence and in European Union diplomacy
Read More »Restarting my podcast with a incredible guest.
The great Lewis Brosellino, who dominated the S&P pit in Chcago for many years, will be my guest. You MUST watch. 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....
Read More »Flat Screen TVs less costly when Compared to Education. Why?
Interesting article on why certain industries are not feeling the impact of Artificial Intelligence. I am not sure I agree entirely with Marc. Sixty-five-inch TV is around $2,000 today. Why use TVs in comparison which were always less costly? “We’re heading into a world where a flat-screen TV that covers your entire wall costs $100 and a 4-year degree costs $1M,” Fortune, Marc Andreessen and MSN. Marc Andreessen is not worrying about...
Read More »I am fascinated by these monetarists.
Have you been indoctrinated into their cult or can you think on your own? That is the question.
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