A boxing analogy for traders.

[unable to retrieve full-text content]This episode of the Global Economy Hour discusses that the U.S., under the guise of promoting "freedom," is enforcing policies that undermine European sovereignty, especially in relation to energy dependence and trade with Russia and China. The irony of Western sanctions and coercion, which have not only failed to weaken targeted countries but have also fostered stronger alliances between nations like Russia, China, and members of BRICS, has countered...

As we have been writing for over a year in this newsletter, the UK Government, as the issuer of the UK pound, can never run out of money. They can afford whatever is priced in pounds. There is never a problem finding the money. This leads to a natural and painful conclusion: Continuing austerity policies is a political choice....The National (Scotland)Modern Monetary Theory film proves finding the cash isn't the problemWilliam Thomson, Scotonomics founder

Coming from the Brennan Center of Justice, I can not think there would be a more trustworthy or accurate source to present evidence of this type of misinformation. And it is a childish incident Brennan is revealing to the general public. It raises a remark or the question of who does or stoops to this type of misinformation or lie? Time and time again it has been shown noncitizens do not purposely vote in US elections. First, they do not want the...

– by New Deal democrat This month we started the month with not just the usual two important reports on the leading sectors of manufacturing and construction, but the JOLTS report for August as well (which I will summarize separately). In the big picture, I do not see the US economy falling into recession unless either both construction and manufacturing are in synchronous decline, or else at least one of them contracts very sharply. ...

The existential threat to humanity in this century is climate change. It is estimated that upwards of half a billion people will be displaced by flooding, fires and desertification due to global warming. But such frightening predictions are based on climate modeling. How reliable are these models? It turns out, remarkably reliable:“Climate change doubters have a favorite target: climate models. They claim that computer simulations conducted...

The Spectator, 13 January 2024 Monetarism, with which his name is associated, has long defined economic policy. But what would Friedman have made of the banking collapse, so soon after his death in 2006? The Keynesian economist Nicholas Kaldor called Milton Friedman one of the two most evil men of the 20th century. (Friedman was in distinguished company.) The ‘scourge’ he inflicted on the world was monetarism, a product of what Kaldor called Friedman’s Big Lie – of which more later....

Over the last 6 months, the seasonal adjusted index has increased at a 1.5% annual rate. by Bill McBride @ Calculated Risk Note: The Freddie Mac index is a repeat sales index using only loans purchased by Fannie and Freddie and includes appraisals. See FAQs here. Freddie has data for all states and many cities. For house prices, I’m currently following Case-Shiller, FHFA, CoreLogic, ICE, the NAR median prices, and this Freddie Mac index....

My latest book has so far have been published in three different places under three different titles. In the UK (hardback November 2023, paperback November 2024). It was entitled “The Machine Age” An Idea, A History,. A Warning. In Germany it was published in April 2024 under the title: Werden Wir Ersetzt: Vom Fortschrittswahn zu einer Ökonomie des gerechten Lebens. In America it was published in October 2024, under the title of: Mindless: The Human Condition in the Machine Age....

[unable to retrieve full-text content]The decline of U.S. global dominance is reshaping international alliances. As U.S. neoliberal policies and military actions continue to alienate nations, countries like China, Russia, and Iran are forming strategic coalitions. Driven by economic self-interest, these nations are pushing back against the U.S. hegemony, creating a new global order. The U.S. has underestimated this retaliation, failing to recognize the shifting power dynamics. This Dialogue...