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Mike Norman

Mike Norman

Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Articles by Mike Norman

Links — 23 June 2022 Part 2

1 day ago

Reminiscence of the FutureI Respect Douglas MacGregor, But… ("The assertion that Russia’s SPRN (missile attack early warning system) is somehow "nowhere near" the American one is dead wrong." Andrei goes through the numbers. Here is a link to Col. Douglas Magregor’s statement to which Andrei refers.)Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues.http://smoothiex12.blogspot.com/2022/06/i-respect-douglas-macgregor-but.htmlThe Vineyard of the SakerAbout Telegram (never assume online privacy/anonymity)The Sakerhttp://thesaker.is/about-telegram/MultipolaristaOnly 4 of 55 African leaders attend Zelensky call, showing neutrality on Ukraine and RussiaBanjamin

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Links — 23 June 2022 Part 1

2 days ago

CaitlinJohnstone.comPeople Don’t Think Hard Enough About What Nuclear War Is And What It Would MeanCaitlin Johnstonehttps://caitlinjohnstone.com/2022/06/23/people-dont-think-hard-enough-about-what-nuclear-war-is-and-what-it-would-mean/  A Son of the New American RevolutionRussian Success in the Donbas AcceleratesLarry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money laundering, formerly Deputy Director in the U.S. State Department’s Office of Counter Terrorism (1989-1993, and CIA operations (1984-1989)https://sonar21.com/russian-success-in-the-donbas-accelerates/Asia TimesUkraine – the situation (June 22, 2022)Uwe

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Bill Mitchell — Taxation is an indispensable anti-inflation policy tool in Modern Monetary Theory

2 days ago

There was an unedifying and fairly undignified war on Twitter recently about whether Modern Monetary Theory (MMT) economics advocate using taxes to deal with inflation. Like all these Twitter ‘debates’, the opening proposition was a ‘gotcha’ attempt that was correct from one angle but then missed the point when it was applied to whether MMT is a valid framework or not. The responses from the MMT ‘activists’ were also overly defensive and reflected the fact that they had fallen for the framing trap presented by the antagonist. In this blog post, I want to clarify the MMT position on the use of taxes and inflation policy. What you will learn is that both positions presented in that Twitter war were largely erroneous, and, conflated concepts, either knowingly (probably not) or unknowingly,

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Exile on Main Street: The Sound of the Unipolar World Fading Away — Pepe Escobar

3 days ago

Let’s cut to the chase and roll in the Putin Top Ten of the New Era, announced by the Russian President live at the St. Petersburg forum for both the Global North and South.The era of the unipolar world is over.The rupture with the West is irreversible and definitive. No pressure from the West will change it.Russia has renewed with its sovereignty. Reinforcement of political and economic sovereignty is an absolute priority.The EU has completely lost its political sovereignty. The current crisis shows the EU is not ready to play the role of an independent, sovereign actor. It’s just en ensemble of American vassals deprived of any politico-military sovereignty.Sovereignty cannot be partial. Either you’re a sovereign or a colony..…The Vineyard of the SakerExile on Main Street: The Sound of

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Mixed Bag June 22 — US Naval Attache, West’s Russia “experts”, short Q&A (Lithuania, Donetsk) — Andrei Martyanov (video 24:06)

3 days ago

[embedded content]Mixed Bag June 22 — US Naval Attache, West’s Russia "experts", short Q&A (Lithuania, Donetsk)Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues. Martyanov was born in Baku, USSR in 1963. He graduated from the Kirov Naval Red Banner Academy and served as an officer on the ships and staff position of Soviet Coast Guard through 1990. He took part in the events in the Caucasus which led to the collapse of the Soviet Union. In mid-1990s he moved to the United States where he currently works as Laboratory Director in a commercial aerospace group. He is a frequent blogger on the US Naval Institute Blog. He is author of Losing Military Supremacy, The (Real) Revolution in Military Affairs, and Disintegration: Indicators of the Coming

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Links — 22 June 2022 Part 2

3 days ago

1945Russia May Win the War in Ukraine (Col. Douglas Macgregor: Russia already won the war some time ago. But at least Lt. Col. Davis is on the right page, which most analysts are not yet.)Lt. Col. Daniel L. Davis (USA ret.), Senior Fellow and Military Expert for Defense PrioritiesMoon of AlabamaThe Neocon’s Dream – Decolonize Russia, Re-colonize China (break Russia up into its federated states and break China up into manageable states. BTW, this is a longstanding objective of Western geopolitics.)https://www.moonofalabama.org/2022/06/the-neocons-dream-decolonize-russia-re-colonize-china-.htmlOne WorldThe Strategic Contours Of Lithuania’s Partial Blockade Of Kaliningrad (don’t sweat it yet, says Andrew)Andrew Korybko, American geopolitical analyst and independent journalist based in

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Links — 22 June 2022 Part 1

3 days ago

CaitlinJohnstone.comLet’s Fight WW3 Over Lithuania: Notes From The Edge Of The Narrative Matrix (about the propaganda machine aka "the Mighty Wurlitzer"— "Deputy Director Frank Wisner proudly referred to the CIA’s worldwide propaganda machine as ‘the mighty Wurlitzer.’")Caitlin Johnstone https://caitlinjohnstone.com/2022/06/22/lets-fight-ww3-over-lithuania-notes-from-the-edge-of-the-narrative-matrix/The Vineyard of the SakerSitrep Operation Z: Cauldrons and FatigueThe Saker Staffhttp://thesaker.is/sitrep-operation-z-cauldrons-and-fatigue/Sitrep: International reserve currency based on a basket of BRICS currencies.http://thesaker.is/sitrep-international-reserve-currency-based-on-a-basket-of-brics-currencies/India PunchlineUS-China détente on the

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Bill Mitchell — Who would be so stupid to advocate deliberately puting 2.3 million workers out of work? Guess who?

3 days ago

It’s Wednesday and I am pushed for time today. My local community is in the last stages of trying to stop a massive overdevelopment in our midst, which will damage the social cohesion and environmental amenity in our neighbourhood, while delivering massive profits to a greedy property developer. I have to appear before a tribunal today to document the impacts of the development on these things. Property developers are the scourge. So are mainstream economists like Larry Summers who is proposing that unemployment be deliberately increased by more than 2.3 million and held at that level or higher for years in order to reduce the current (transitory) inflation. Who would be so stupid? And after getting really mad about that and Keir Starmer’s abandonment of working class representation, we

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Links — 21 June 2022 Part 1

4 days ago

Asia TimesBiden loses the inflation blame game (not MMT-compliant but useful anyway)David P. Goldmanhttps://asiatimes.com/2022/06/biden-loses-the-inflation-blame-game/One WorldDebunking The Disinformation About Putin’s Comparison Of Himself With Peter The Great ("The disinformation dimension of the MSM’s “reporting” was to decontextualize this, twist it around, and then misportray his words as some supposedly shameless admission of blatant imperialism in the 21st century." This is a commonly used tactic, in not only politics but also sham "scholarship.")https://oneworld.press/?module=articles&action=view&id=2997Interpreting The Associated Press’ Admission That Kiev Is Massively Outgunnedhttps://oneworld.press/?module=articles&action=view&id=2998Andrew Korybko, American geopolitical

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Treasury Market Pricing — Brian Romanchuk

4 days ago

The Fed surprise 75 basis point hike last week blew Treasury yields out, with a small reversal at the end of the week. Such a reversal is typical after large moves. In this article, I just want to discuss the big picture of Treasury pricing….Bond Economics Treasury Market PricingBrian Romanchuk

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Dependent on Russian Gas, Now Germany Fires Up Coal Power Stations

4 days ago

Germany turning coal plants back on..  have to see how much generation they can resestablish this way… Russia all in on their TINA….climate crazy GERMANY fires up coal power plants after PUTIN cuts flow of Russian energy https://t.co/qk4yXiIhlp— Michael Savage (@ASavageNation) June 20, 2022

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Links — 20 June 2022 Part 2

4 days ago

Asia TimesUkraine – the situation  (June 20, 2022)Uwe Parparthttps://asiatimes.com/2022/06/ukraine-the-situation-june-20-2022/A Son of the New American RevolutionWill Russia Shift to a War Strategy?Larry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money laundering, formerly Deputy Director in the U.S. State Department’s Office of Counter Terrorism (1989-1993, and CIA operations (1984-1989)https://sonar21.com/will-russia-shift-to-a-war-strategy/Reminiscence of the FutureDouglas MacGregor On UkraineAndrei Martyanov, former USSR naval officer and expert on Russian military and naval issueshttp://smoothiex12.blogspot.com/2022/06/douglas-macgregor-on-ukraine.htmlRT — Question More

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Artillery of June — Andrei Martyanov (video 31.21)

4 days ago

[embedded content]Artillery of JuneAndrei Martyanov, former USSR naval officer and expert on Russian military and naval issues. Martyanov was born in Baku, USSR in 1963. He graduated from the Kirov Naval Red Banner Academy and served as an officer on the ships and staff position of Soviet Coast Guard through 1990. He took part in the events in the Caucasus which led to the collapse of the Soviet Union. In mid-1990s he moved to the United States where he currently works as Laboratory Director in a commercial aerospace group. He is a frequent blogger on the US Naval Institute Blog. He is author of Losing Military Supremacy, The (Real) Revolution in Military Affairs, and Disintegration: Indicators of the Coming American Collapse — Clarity Presshttps://youtu.be/Lk8h9KoEmlc

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Links — 20 JUNE 2022 Part 1

5 days ago

Moon of AlabamaUkraine SitRep – Lysichansk Cauldron – Sinking Morale – More Provocationshttps://www.moonofalabama.org/2022/06/ukraine-sitrep-lysichansk-cauldron-sinking-morale-more-provocations.htmlGraham E. FullerSome hard thoughts about post UkraineGraham E. Fuller | adjunct professor of history at Simon Fraser University, formerly vice chairman of the National Intelligence Council at the CIA, and a former senior political scientist at RAND Corphttps://grahamefuller.com/some-hard-thoughts-about-post-ukraine/ Gilbert Doctorow — International relations, Russian affairsAnalysis of the French legislative election on Iran’s Press TVGilbert Doctorowhttps://gilbertdoctorow.com/2022/06/20/analysis-of-the-french-legislative-election-on-irans-press-tv/Associated PressAs Po dries up, Italy’s food

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Bill Mitchell — Eurozone anti-fragmentation confusion – its really simple – the ECB has to continue to fund deficits or kaput!

5 days ago

The French National Assembly results from the weekend are a good outcome. Not the best, but good, although the continued presence of the Right is disturbing. At least Macron’s group of Europhiles has lost its absolute majority with the new Left alliance becoming a viable opposition. The polarisation – with a surge from the Right and the strong performance of the real Left rather than the lite Socialist Party version – is indicative of what Europe has become – a fractured, divided, divergent set of nations and regions. If the Left had have seen the value in this unity ticket during the Presidential election things might have been different. But better late than ever. France will now find it hard pushing further neoliberal policies and there will be pressures on the government to defy the

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Michael Hudson — The Fed’s Austerity Program to Reduce Wages

5 days ago

To Wall Street and its backers, the solution to any price inflation is to reduce wages and public social spending. The orthodox way to do this is to push the economy into recession in order to reduce hiring. Rising unemployment will oblige labor to compete for jobs that pay less and less as the economy slows.This class-war doctrine is the prime directive of neoliberal economics.…Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismMichael Hudson: The Fed’s Austerity Program to Reduce WagesMichael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking

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Links — 19 June 2022 Part 2

6 days ago

CaitlinJohnstone.comThe Guardian Churns Out Embarrassingly Awful Empire PropagandaCaitlin Johnstone https://caitlinjohnstone.com/2022/06/19/the-guardian-churns-out-embarrassingly-awful-empire-propaganda/Zero HedgeUkraine Says "Prepare For The Worst" In Donbas; Kharkiv Will Likely Be Next "Frontline City"https://www.zerohedge.com/geopolitical/ukraine-says-prepare-worst-donbas-kharkiv-will-likely-be-next-frontline-cityWestern Populations Must Do More For Ukraine Even If "Costs Of Food & Fuel Are High": NATO Chief [ Jens Stoltenberg]https://www.zerohedge.com/geopolitical/we-must-do-more-ukraine-even-if-costs-food-fuel-are-high-western-populations-natoTyler DurdenLuongo: Russia’s New Ruleshttps://www.zerohedge.com/geopolitical/luongo-russias-new-rulesTom LuongoRT — Question More (Russian

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Links — 19 June 2022 Part 1

6 days ago

India PunchlineWest at inflection point in Ukraine warMK. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador. https://www.indianpunchline.com/west-at-inflection-point-in-ukraine-war/The Vineyard of the SakerSitrep Operation Z: 💥 Theme Kalibr Kaboom!The Saker Staffhttp://thesaker.is/sitrep-operation-z-%f0%9f%92%a5-theme-kalibr-kaboom/The American ConservativeWhen The Lies Come HomeCol. (ret.) Douglas Macgregorhttps://www.theamericanconservative.com/articles/when-the-lies-come-home/Moon of AlabamaThe MoA Week In Review – (NOT Ukraine) OT 2022-89https://www.moonofalabama.org/2022/06/the-moa-week-in-review-not-ukraine-ot-2022-89.htmlAsia TimesRussia’s bourse to start trading HK stocks Jess

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IMPORTANT—A Message for Americans — Gonzalo Lira (video 13.41)

6 days ago

[embedded content]IMPORTANT—A Message for AmericansGonzalo Lirahttps://youtu.be/ZQB7uWuWpBwSee alsoA Son of the New American RevolutionLithuania May Have Lit the Fuse on World War IIILarry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money laundering, formerly Deputy Director in the U.S. State Department’s Office of Counter Terrorism (1989-1993, and CIA operations (1984-1989)https://sonar21.com/lithuania-may-have-lit-the-fuze-on-world-war-iii/

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Links — 14 June 2022 Part 2

7 days ago

Reminiscence of the FuturePyotr Akopov Raises (Correctly) The Issue.Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issueshttp://smoothiex12.blogspot.com/2022/06/pyotr-akopov-raises-correctly-issue.htmlNaked CapitalismSWIFT Dollar DeclineAnis Chowdhury, Adjunct Professor at Western Sydney University and University of New South Wales (Australia), who held senior United Nations positions in New York and Bangkok and Jomo Kwame Sundaram, a former economics professor, who was United Nations Assistant Secretary-General for Economic Development, and received the Wassily Leontief Prize for Advancing the Frontiers of Economic Thought. Originally published at Jomo Kwame Sundaram’s websitehttps://www.nakedcapitalism.com/2022/06/swift-dollar-decline.htmlMR

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Links — 18 June 2022 Part 1

7 days ago

1945Joe Biden’s Blank Check Strategy Won’t Help Ukraine Beat RussiaLt. Col. Daniel L. Davis (USA ret.), Senior Fellow and Military Expert for Defense Prioritieshttps://www.19fortyfive.com/2022/06/joe-bidens-blank-check-strategy-wont-help-ukraine-beat-russia/Moon of AlabamaUkraine – The West’s Response As It Meets With Realityhttps://www.moonofalabama.org/2022/06/ukraine-the-wests-response-as-it-meets-with-reality.htmlA Son of the New American RevolutionLithuania May Have Lit the Fuse on World War IIIhttps://sonar21.com/lithuania-may-have-lit-the-fuze-on-world-war-iii/US and Europe Mercenaries Face Defacto and Dejure Death Sentencehttps://sonar21.com/us-and-europe-mercenaries-face-defacto-and-dejure-death-sentence/Larry C. Johnson | CEO and co-founder of BERG Associates, LLC, an

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Michael Hudson — Economic Rent and Exploitation

7 days ago

Transcript of interview.Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismEconomic Rent and ExploitationMichael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University

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I don’t believe….. That gasoline’s in short supply The rising cost of getting by…

7 days ago

Oldie from Don Williams who influenced a lot of great rock artists from the ‘70s … same deal back then… when you look up “porkchop sideburns” in the dictionary this guys picture is there… either his or Tony Joe White… great song great lyrics..,[embedded content]I don’t believe in superstars Organic food and foreign cars I don’t believe the price of gold The certainty of growing old That right is right and left is wrong That north and south can’t get along That east is east and west is west And being first is always best But I believe in love I believe in babies I believe in mom and dad And I believe in you Well I don’t believe that heaven waits For only those who congregate I like to think of God as love He’s down below, he’s up above He’s watching people everywhere He knows who does and

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Adam Smith With Harpoons — Andrei Martyanov (video 33.00)

8 days ago

[embedded content]About salvo warfare. Math.Adam Smith With HarpoonsAndrei Martyanov, former USSR naval officer and expert on Russian military and naval issues. Martyanov was born in Baku, USSR in 1963. He graduated from the Kirov Naval Red Banner Academy and served as an officer on the ships and staff position of Soviet Coast Guard through 1990. He took part in the events in the Caucasus which led to the collapse of the Soviet Union. In mid-1990s he moved to the United States where he currently works as Laboratory Director in a commercial aerospace group. He is a frequent blogger on the US Naval Institute Blog. He is author of Losing Military Supremacy, The (Real) Revolution in Military Affairs, and Disintegration: Indicators of the Coming American Collapse — Clarity

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Links — 17 June 2022 Part 1

8 days ago

Moon of AlabamaUkraine – The U.S. Is Moving Towards Escalationhttps://www.moonofalabama.org/2022/06/ukraine-the-us-is-on-the-road-towards-escalation.htmlTrudeau Is Lying – Canadian Air Patrols Near China Are Not On ‘UN Mission’https://www.moonofalabama.org/2022/06/trudeau-is-lying-canadian-air-patrols-are-not-on-un-missions-they-are-spying-on-china.htmlReminiscence of the FutureEva Bartlett Reports… [from the ground on Ukrainian strikes on civilian targets in Donetsk, which the Western media promptly blamed on Russia] (video 3.03)Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issueshttp://smoothiex12.blogspot.com/2022/06/eva-bartlett-reports.htmlRayMcGovern.comUkraine: Some Lemmings Wear Wooden Shoes; & Factoring in ChinaRay McGovern, co-founder of

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Winter is coming: German agency head warns of gas shortages, bankruptcies, and massive price hikes that will send ‘shockwaves throughout the country’ — John Cody

8 days ago

A gas shortage and high prices will send “shockwaves through the country,” leading to landlords cutting the heat for tenants and widespread company bankruptcies, warned Klaus Müller, the head of Germany’s Federal Network Agency, which is the regulatory office for electricity, gas, telecommunications, postal services, and railway markets….RemixWinter is coming: German agency head warns of gas shortages, bankruptcies, and massive price hikes that will send ‘shockwaves throughout the country’John Codyhttps://rmx.news/article/winter-is-coming-german-agency-head-warns-of-gas-shortages-bankruptcies-and-massive-price-hikes-that-will-send-shockwaves-throughout-the-country/

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