tag:blogger.com,1999:blog-2761684730989137546.post6235028342803444244..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Bill Mitchell – Where are all the economists? Its lucky they have gone AWOLmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-10420947801390117642022-08-10T17:34:56.472-04:002022-08-10T17:34:56.472-04:00“ Which tells us that people are understanding thi...“ Which tells us that people are understanding this is a transitory phenomenon driven by a number of separate causes, but, which no propagation mechanism (like a wage-price spiral) is threatening to perpetuate.”<br /><br />We have to watch interest income (USTs) and bank capital increase (IOR) as they continue to raise the rate… that could become a positive feedback …<br /><br /> unless the additional bank capital is employed to finance increased industrial inventories and the unit prices of those collaterals then can be reduced…<br /><br />These new policies are just starting to have any observable effect…Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.com