#Brimmer’s Law (3): The Modern Monetary Monopsony Theory (MMMT) Rule, Not The Exception…
“I will also argue that constraints continue to bind policy, with a focus on the balance sheet and efforts to significantly reduce it from its current elevated level.” (Esther George)
Summary:
· The Green Shoots, of the US Friend Shoring Global Tree of Liberty, are already bearing fruit, which will take years to ripen as China’s poisoned fruits sour.
· Madame Sosostris has new (same old) “Brimmer’s Law” feathers.
· Owls are knowledgeable of “Brimmer’s Law” of the Polycrisis.
· Esther George hooted “Brimmer’s Law”.
· The Fed’s latest Financial Stability Report hoots “Brimmer’s Law”.
· “Brimmer’s Law” hoots the rule of Modern Monetary Monopsony Theory, not the exception.
· Jefferson’s Starship is attempting to land softly in the Fed Vice Chair.
· A combination of local government election results, equivocal denials, and blatant opportunism confirms that weak coalition government permutations are highly likely at the Ungovernable Kingdom (UK) general election.
· Jacobite “Moggiavellian” Brexit Purists have questioned the democratic legitimacy of the “Borjas”.
· UK weak coalition permutations are seen as a tailwind, for the Tony Blair Inc. Witch Project, by its creator and this author.
· POTUS calls out the “Borjas’” Perfidious Albion.
· The Eurovision song remains the same: “No Unified Polycrisis Strategy”.
· Eurovision dissonance raises the risks of EU and Eurozone “fragmentation”.
· There is an AI in FAANG.
· US-AI Inc’s new “Hypergrowth Phase” is both a Polycrisis problem and a disinflationary solution.
· AI decouples NASDAQ from Crypto, and from Bricks and Mortar stocks.
· There’s no AI in BofA.
· As Apple becomes a “Friend Shored” TBTF SIFI, US Regional Banks become too small to survive (TSTS).
Extracts
· Central Bank insolvency is aligning with fiscal insolvency at a rapid pace in the global economy.
· The alignment of central bank and fiscal insolvency promotes the exclusive interest in financial stability policy.
(Source: the Author)
Then it will be game on for the Britain Project, with its 1990s Tony Blair DNA. This game is already happening in the high street shops that are selling out of 1990s fashion.
(Source: the Author)
· Blue Horseshoe loves the new Hypergrowth Phase driven by Federal policy, the removal of Chinese competition, and the search for productivity in tight inflated labor markets.
(Source: the Author)