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Arctic blast and winter storm

From the Washington Post comes this map of temperatures over much of North America, a result of the artic blast and winter storm begun today, Thursday. In the Boston area rain is expected. The temperature tonight actually is rising from from about 43 degrees F. to the low 50’s F. , to continue throughout Friday, and then eventually falls to 12 degrees F. by Saturday morning. How is your weather? ...

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Play your own game, not someone else’s.

Headline trading with the monetarist zombies will not make you money. Play the intelligent game of going with basic conditions. It takes patience and discipline, but you will be rewarded. 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....

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Sleepwalking Into a Global Trade War — Anne O. Krueger

For 70 years after World War II, global growth was underpinned by ongoing efforts to boost international trade by eliminating self-defeating trade barriers. Sadly, the United States started dismantling this source of shared prosperity under Donald Trump, and it has now accelerated the process under Joe Biden.Like I've been saying. As a result of the policy of sanctions, asset freezes, and price caps, era of the free market, free trade and free flow of capital as the basis of global trade is...

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Harbour of hope

.[embedded content] In April 1945 thousands of concentration camp survivors arrived at the harbour of the town where yours truly lives, Malmö, Sweden. When taking my daily walk with the dog, I often go by the Jewish cemetery in the northern part of Sankt Pauli kyrkogård. And it breaks my heart every time to see tombstone after tombstone with the names of all those who passed away within months after having reached the harbour of hope. (To my Swedish readers: Filmen finns nu...

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Yield Curve Control Blues — Brian Romanchuk

The Bank of Japan surprised people with a change to its yield curve control (YCC) policy. This has caused a mild sell-off in Japanese bonds, with the 10-year Japanese Government Bond (JGB) yield up 15 basis points on the month when I last checked.Although I think some of the usual suspects have tried to get excited about this — a harbinger of doom to Japan and/or the global fixed income complex! — this is still in nothingburger territory. (Note: people who discuss bond yield changes as a...

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Bill Mitchell — Bank of Japan has not shifted direction on monetary policy

The hysteria surrounding the decision by the Bank of Japan (released December 19, 2022) to make a minor adjustment to its yield curve control ceiling on Japanese government 10-year bonds has been predictable but uninformed and full of vested interest agendas. You know the type of agenda that investment bankers engage in where they consistently pump out their media statements, which are soaked up by the financial media as if they are knowledge that needs repeating, that claim interest rates...

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Jay Bhattacharya’s selective libertarianism:  on COVID and insurance rating

A recent paper finds that drivers who are not vaccinated against COVID are substantially more likely to be involved in serious auto accidents than vaccinated drivers. In response, Jay Bhattacharya, an author of the Great Barrington Declaration and a prominent opponent of lockdowns and vaccine mandates, tweeted that the study “should not be used by automobile insurers as a basis to discriminate against the unvaxxed.” Well, why not?  One argument...

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