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January manufacturing at recessionary levels; December construction spending declines

January manufacturing at recessionary levels; December construction spending also declines  – by New Deal democrat The first data for the month of January is in, and with one exception, it is pretty bad. The ISM manufacturing index declined -1.0 to 47.4. According to the ISM, 48 is the cutoff below which is more consistent with a recession. Even worse, the new orders subindex cratered, falling 2.6 to 42.5: Going back 75 years, the *only*...

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Yanis Varoufakis über den Mythos, Südeuropa sei korrupter als Nordeuropa

DiEM25-Mitbegründer Yanis Varoufakis erklärt, warum die Vorstellung, Südeuropa sei korrupter als der reichere Norden des Kontinents, ein Mythos ist. Dieses Video wurde von DiEM25 produziert und am 23. Januar 2023 auf ihrem YouTube-Kanal veröffentlicht. Wir haben es ins Deutsche übersetzt und veröffentlichen es heute erneut, um zur Meinungsbildung zu diesem Thema in Deutschland und weltweit beizutragen. Um die vollständige Abschrift zu diesem Video zu...

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Bill Mitchell – Investigation into BBC bias misses the point really

This week, the British Broadcasting Commission (BBC) released the results of an independent review into its coverage of economic matters – Review of the impartiality of BBC coverage of taxation, public spending, government borrowing and debt – which was completed in November 2022. The problem is that the Investigation conducted by this Review, while interesting and providing some good analysis, misses the overall source of the bias that our public broadcasters have fallen into. The problem...

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Bought the dip. Fed totally predictable.

This Fed is so predictable. And it's fun to watch the zombies get whipsawed. 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

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