The latest CPI report for the United States suggests that the inflation spike after 2020 was transitory in the rather weak sense that I understood the term “transitory.” I am curling in a bonspiel over the next few days, so I do have a long time to spend on this article, so I just want to outline my thinking on the topic of “transitory.”...Bond Economics TransitorinessBrian Romanchuk

 Mostly about political economy.India PunchlineBiden stoops to conquer Brazil’s LulaM. K. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassadorSee alsoExplains why Russia and China are militarily competitive with the US when their military budgets are far smaller.Again, explained by Michael Hudson some time ago.The Vineyard of the SakerEverything upside downHugo Dionísio

Keep it simple. It's about having a grasp of the big picture. 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

 Michael Hudson foresaw this years ago, but the details were not yet clear at that time. Now it is unfolding. This is also the objective with the rest of the world, which is what "US hegemony" means economically.MR OnlineZelensky complicit in corporate takeover of UkraineJohn ParkerRelatedMaybe "preserve and extend" rather than "revive" now that the West is facing competition there from China and Russia? China recently warned the West about extending "great power competition" to...

Ya think?This system is "capitalist" in name only, in that competition is fundamental to the concept of "free market capitalism" that underlies its efficiency in production and also producing the kinds of goods that people prefer. Asymmetries, like "concentration," a euphemism for monopoly and monopsony, vitiate that and lead to asymmetries political power in addition to market power that vitiate the concept of democracy as rule of, by and for the people, as President Lincoln put it.Is this...

Jeff Beck has died! A masterful musician. Very sad. We move on. I read an interesting research paper recently – “The Great Retirement Boom”: The Pandemic-Era Surge in Retirements and Implications for Future Labor Force Participation – published in the US Federal Reserve Bank’s Finance and Economics Discussion Series (released November 2022), which illustrates how the pandemic is altering the behaviour of the US labour market. The lessons from the US are relevant everywhere as governments...

from Lars Syll If we have independent reasons to believe that the phenomena under investigation are mechanical in Mill’s sense, well and good: mathematical modeling will prove an apt mode of representation … But if we have independent reasons to believe that there is more going on in the phenomena under investigation than a mathematical model can suggest – that is, that the phenomena in question are not in fact mechanical in the required sense – then mathematical modeling will prove...

“Social media and Damar Hamlin’s Collapse combine creating a vaccine misinformation field day“, Fortune, Ali Swenson, David Klepper, Sophia Tulp and The Associated Press “Unfounded claims about the safety of COVID-19 vaccines proliferated in the hours and days after Buffalo Bills safety Damar Hamlin collapsed during Monday’s game, revealing how pervasive vaccine misinformation remains three years after the pandemic began. Even before...

Maybe they are just going to use their capital to accept the Fed’s 5% subsidies and lay everyone else off?Banks are telling you to buy stocks, saying the bottom is in & cancelling their recession calls for Europe. Meanwhile, all of them are closing investments, departments & laying off staff.Seems unusual, no? ? https://t.co/99AUWXOkMP— Financelot (@FinanceLancelot) January 11, 2023 Dimon now hoping for 6%:Jamie Dimon says the Fed’s rate hikes might need to go beyond what’s currently...

An in-depth look at production and sales: evidence of peaking in both  – by New Deal democrat Yesterday I took an in-depth look at employment. Today let’s take a look at two other important coincident indicators that are looked at by the NBER for guidance as to whether or not the economy is expanding or in recession: production and sales. As I’ve mentioned several times in the past month, as of the latest readings it looks like industrial...