The 2020s are set to be an economic turning point, says global banking giant — Michael Janda

Merrill Lynch global forecast that puts a spotlight on MMT and sees a decline in neoliberal globalization resulting from rising nationalism and populism. Longish.

ABC (Australia)
The 2020s are set to be an economic turning point, says global banking giant

Michael Janda

Ray Dalio — Back to the future

The coming demise of neoliberalism as the present order owing to ideological resistance to using fiscal policy. Dalio expects this to result in financial and economic conditions reminiscent of the 1930's. Recall what happened after that.

MMT to the rescue with functional finance. If only.

The World in 2017

Back to the future

Ray Dalio, founder, Bridgewater Associates
ht Yves Smith at Naked Capitalism

Gary D. Halbert — Levy Economics: 90% Of Americans Worse Off Today Than In 1970s

FORECASTS & TRENDS E-LETTERby Gary D. HalbertMay 3, 2016

IN THIS ISSUE:
1. US Economy Grows by Weakest Pace in Two Years
2. 90% of Americans Worse Off Today Than in 1970s
3. 24% of Voters May Not Vote For Trump or Clinton

Value Walk
Levy Economics: 90% Of Americans Worse Off Today Than In 1970s
Gary D. Halbert

5 percent GDP!!!!

This blog had it right all along. Matt Franko and I had been focusing on what mattered--gross, topline government spending. We never wavered from our bullish forecasts.

The people who have been looking at the shrinking deficit for the past two years just don't get it. It's not about the deficit. All the deficit is, is what's left over after all spending and taxpaying is done, i.e. financial savings.

It's all about how much is being spent and not even that important as to who is doing it, so long as some entity is spending.

We are light years ahead of the other forecasters here. They're  stuck.

-Mike Norman

MMT was right...AGAIN!! And a special shout out to Warren Mosler!

MMT was right again! And I give a special shout out to Warren Mosler! Check it out.