Classic authoritarian paramilitary

If 20 million Americans are seeing dramatic increases in their health insurance expenses, I wonder if that would require them to spend less on other stuff.

This chart, from @epbresearch.bsky.social, makes the underemployment issue look more serious.

What specifically were the transfers in the opposite direction?

One framework is that if excess savings countries are exporting their savings to the U.S., it is materializing on the balance sheets of the corporate sector via higher profits.

Thanks. One other observation: it seems like every time the U.S. trade deficit increases, profit margins simultaneously increase. Is there an economics explanation for this? Have you seen any work exploring this relationship? I believe the Kalecki profit equation suggests it should be the opposite.

Michael, on your recent Monetary Matters podcast, you said, “until recently, Australia” was one of the Anglophone economies that absorbed foreign surpluses. What happened with Australia?

🔥🔥🔥

What is the best analysis you have seen of who is bearing the cost? Profit margins remain high, but inflation has not risen, so I am confused.

Russell 2000 EPS is zero when looking at unadjusted figures.

'Searches for “ai stocks” hit their zenith in mid-August and have since fallen, just as the stocks themselves are having a wobble.' www.economist.com/finance-and-...

lol 😆

And also not popular.