The question that the mainstream economists should be paraded out in front of the public and forced to answer is how can Japan do this and experience economic growth (albeit moderate) while the rest of the world is contracting due to misconceived monetary and fiscal tightening and is recording inflation rates above the Japanese rate?
The New Keynesian mob never directly answer questions like that because they cannot.
William Mitchell — Modern Monetary Theory
The parallel universe in Japan continues and is delivering superior outcomes, while the rest look on clueless
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
Housing hell: How we got here and how we get out
ReplyDeletehttps://youtu.be/RxKI9zKhDNE
A rare "documentary" released by Pierre Poilievre, leader of the Conservative Party of Canada.
Japan are demand leakage central
ReplyDeleteDeficits
https://tradingeconomics.com/japan/government-budget
Loans to private sector
https://tradingeconomics.com/japan/loans-to-private-sector
Unemployment rate
https://tradingeconomics.com/japan/unemployment-rate
Productivity
https://tradingeconomics.com/japan/productivity
Is America turning Japanese ?
De- Dollarisation and BRICS might be a good thing for the US?
I've always wondered what effect tourism has on the UK stock market and the £.
ReplyDeleteBill provides some data today.
https://billmitchell.org/blog/?p=61472
Before the pandemic 12 million consumers leave the UK out of a population of 60 million. A fifth of the population spend elsewhere. 90% of those go to Europe.
I'd like to see the average cost which must be around 5k with spending money. People coming the other way don't fill the gap.
But when you compare total visits abroad by UK residents it just about mirrors the UK stock market. As we run trade deficits, as consumers we spend a lot on imports anyway and with millions of consumers taking their spending power abroad is it really a surprise ?
It must also effect the EUR/UK exchange rate at certain times of the year.
Taking about seasonal effects. What I have also noticed with the 6 seasonal inflection points going over the historical data.
https://seekingalpha.com/instablog/7143701-salmo-trutta/5308783-6-seasonal-inflection-points
Around Pivot 3&4 you can just about sell gold and buy it back around pivot 6. It seems to happen just about every year.
https://tradingeconomics.com/commodity/gold
The sell in May soundbite seems to apply more to gold historically than stocks.
April 15th US taxes are due … then a Quarterly payment June 15th…. shitty fiscal…
ReplyDelete“ while the rest of the world is contracting due to misconceived monetary and fiscal tightening”
ReplyDeleteUS outlays are up 17% YoY and Fed has been reducing system reserves all year $1T…
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