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Saturday, March 11, 2023

Oh No, Panic In Silicon VAlley — Brian Romanchuk

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The American Federal Deposit Insurance Corporation (FDIC) made the unusual step of shutting down the flailing Silicon Valley Bank (hereafter...
Friday, March 10, 2023

Yet More Rambling About My Upcoming MMT Presentation — Brian Romanchuk

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Along with Eric Tymoigne, I will be on the “pro-” side of a “pro-/con-” Modern Monetary Theory (MMT) panel at the online part of the annual ...
2 comments:
Thursday, March 9, 2023

Do Interest Rates Really Drive the Economy? — JW Mason

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Confirms that demand and not rate of interest affects firms' investment decisions. However, interest rates do affect the economy through...
2 comments:

Fed's Flow of Funds: Household Net Worth Increased $2.9 Trillion in Q4 — Bill McBride

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Numbers. Calculated Risk Fed's Flow of Funds: Household Net Worth Increased $2.9 Trillion in Q4 Bill McBride

White House requests $842 billion to fund Pentagon in 2024 — Ashley Roque

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The White House is requesting $886.4 billion in discretionary funding for national security in fiscal 2024, with $842 billion from that pot...
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William Mitchell — The current inflationary period is not remotely like the 1970s

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In the light of recent debates about whether we are back in the 1970s, where the only ostensible similarity is that inflation has accelerate...
Wednesday, March 8, 2023

William Mitchell — RBA is engineering one of the largest cuts to real disposable income per capita in our history

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Yesterday (March 7, 2023) two big things happened. The first is that I got a lovely bunch of sunflower blooms for my birthday present. Which...

China’s grand plan for a world-beating digital future — Jeff Pao

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 The Digital Age, knowledge revolution, and data harvesting are embraced by the Chinese leadership as national policy. This is an huge step ...

Dems pursuing 10.2% unemployment into 2024 election

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  Mr Haney debriefs Powell yesterday to identify the GOP dream scenario for 2024: “To get inflation down to 2.2%, based on history, unemploy...
4 comments:
Tuesday, March 7, 2023

Debt/GDP Ratio: Beware "Real Analysis" — Brian Romanchuk

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I saw a comment about the drop in the U.S. Federal debt-to-GDP ratio, which reminded me that I wanted to discuss it once the data started to...
8 comments:
Monday, March 6, 2023

Russia Remains India’s Top Oil Supplier For Fifth Month In A Row — Cyril Widdershoven

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Looking like a trend. Oilprice Russia Remains India’s Top Oil Supplier For Fifth Month In A Row Cyril Widdershoven Also at Oilprice China is...
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How Could Western Intelligence Have Got It Wrong, Again? They Didn’t. They Had Other Purposes — Alastair Crooke

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How is this different from conventional economics and monetarism, with a similar result. Fail (for the little guy). Great for the fat cats. ...
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Yuan squeezing out dollar on Russian market – Kommersant

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The Chinese currency has outperformed the greenback by volume of trading on the Moscow Exchange for the first time on record. RT — Question ...
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America’s Chips War With China: Another Sanctions Backfire Coming? — Yves Smith

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Have US leaders thought this through? Have they a history of thinking things through? Naked Capitalism America’s Chips War With China: Anot...

Simpler Math Predicts How Close Ecosystems Are to Collapse — Anna Gibbs

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By replacing thousands of equations with just one, ecology modelers can more accurately assess how close fragile environments are to a disas...
10 comments:
Sunday, March 5, 2023

William Mitchell — German Bundestag body’s MMT overview exposes the hidden agenda – the population simply can’t be allowed to understand MMT

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The Scientific Advisory Department of the Deutscher Bundestag recently (January 27, 2023) released a discussion paper – Modern Monetary Theo...
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Here Comes China! – Global South

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Extracts from and comments on Godfree Roberts's "Here Comes China" newsletter. Global South Here Comes China! – Global South a...
1 comment:
Saturday, March 4, 2023

The Valdai meeting: Where West Asia meets multipolarity — Pepe Escobar

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The 12th “Middle East Conference” at the Valdai Club in Moscow offered a more than welcome cornucopia of views on interconnected troubles an...

Congress MIT graduate demonstrates reification error

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  STEM graduate from MIT exhibits the most sophomoric of cognitive reification errors and thinks Accounting abstractions are real: Maybe sho...
19 comments:
Friday, March 3, 2023

ECNS — Number of Chinese netizens rises to 1.06 billion

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Short slide presentation, mostly numbers. ECNS (Chinese official English news service) Number of Chinese netizens rises to 1.06 billion Sta...

Financial Markets And Inflation — Brian Romanchuk

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Note: this is an unedited draft chapter section from my inflation manuscript. I am not too happy with this, but perhaps getting savaged on t...
Thursday, March 2, 2023

The Cradle — Iran discovers world’s second largest lithium reserve

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 Iran's lithium deposits are estimated at 8.5 million metric tons, which would make it the world's second largest lithium reserve af...
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US CPI

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  This is US CPI… I don’t know if this is what the Art degree monetarist morons mean by their figure of speech “inflation!” but maybe… I don...
Wednesday, March 1, 2023

William Mitchell — Inflation has probably peaked in Australia – yes, it was a transient episode

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Given yesterday’s extensive National Accounts analysis replaced my usual Wednesday blog post, I am using today to discuss a range of issues ...

Treasury Department will lead a new working group to explore a possible launch of a digital dollar

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  This will eventually happen but that’s not the point… here’s the thing:  the whole USD system will go CBDC…. The WHOLE THING….  and then… ...
3 comments:
Tuesday, February 28, 2023

William Mitchell — Australian National Accounts—GDP growth in decline, expect unemployment to rise—courtesy RBA sabotage

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The Australian Bureau of Statistics released the latest – Australian National Accounts: National Income, Expenditure and Product, December 2...
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China identifies roots of US crackdown on TikTok — RT

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The US has been over-stretching the concept of national security and abusing state power to suppress foreign companies,” she continued. “We ...
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Logistics of the 21st Century & New Economic Order: Prospects for a New North-South Transport Corridor — Muhammad Athar Javed

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The emergence of “New Economic Order” would transform the way logistics and transport in global market is being carried out. The North-South...
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We were promised ‘economic shock and awe’ against Russia — Andrew Cockburn

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Maybe economic warfare is not all that it was cracked up to be. Or maybe not. Blowback from it is rocking the NATO alliance as NATO countrie...
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Euro stoxx banks reached highest since 2018 on inflation data

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  ECB finally went non-negative IOR…. Euro stoxx banks reached highest since 2018 on inflation data. pic.twitter.com/sxCz7ratzu — 🅰🅻🅴🆂🆂...