Mike Norman Economics

What kind of pain when interest payments just went up by $25 bln, the most in over 5 years? Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

A Son of the New American RevolutionCombined Arms–A Look At Russian Air Ops in the DonbasLarry 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/combined-arms-a-look-at-russian-air-ops-in-the-donbas/Reminiscence of the...

THIS is the current institutional and public consensus:“to be making some grandiose call about new highs is, quite frankly, it’s irresponsible given what’s going on with the Fed and QT coming. It’s going to be a lot worse than people have experienced so far”Morgan Stanley’s Mike Wilson@isabelletanlee https://t.co/Wz0EKEbe8g— Jonathan Ferro (@FerroTV) August 24, 2022

[embedded content]Primer for August 25 — Phantom Pains for the Lost EmpireAndrei 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...

[embedded content]Ukraine Russia War Latest with Philip Giraldi, former CIA counter-terrorism specialist and military intelligence officer, now Executive Director of the Council for the National Interest and founding member of the Veteran Intelligence Professionals for SanityJudge Napolitano - Judging Freedomhttps://youtu.be/YEwc7tCzfcw

And the pit is short... Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

a NewsPoland's president [Duda] calls for removal of Nord Stream 2 (Call to destroy Germany's best hope.)DPA https://www.anews.com.tr/economy/2022/08/23/polands-president-calls-for-removal-of-nord-stream-2TASS (Russian state media)Zelensky says he had ‘great conversation’ with Biden, discussed Kiev’s further steps (Out in the open now, US calling the shots, which is only natural since the US is footing the bill.)https://tass.com/world/1498363RT — Question More (Russian state-sponsored...

Awful AvalancheUkraine War Day #183: Slow But Steady Wins The Race (why Russia is "taking so long" to wrap up Donbas. Russia doesn't fight like the US.)yalensishttps://awfulavalanche.wordpress.com/2022/08/25/ukraine-war-day-183-slow-but-steady-wins-the-race/Moon of AlabamaUkraine Previously Cited High Casualty Rates - It Is Now Lowballing Those Numbers (the Western media dutifully publish what Ukraine puts out, in spite of...

I read a lot about Japan. It has interested me since the early 1990s commercial property collapse and the subsequent fiscal and monetary policy measures that the Japanese government deployed to deal with it, which took policy settings outside the bounds that mainstream economists could cope with. These economists predicted the worst based on mindless extrapolations of their ‘theoretical’ models, which are really incapable of dealing with the real world in any meaningful way. Their worst...

Now that the furore about Modern Monetary Theory (MMT) has died down (other than the continuous pathetic strawman attacks), I am seeing a downtick in economic theory arguments that I find interesting. People are arguing about the details of fiscal policy and what is happening with inflation, which end up either being political or datamining time seri…One theoretical topic that comes up is the idea of nominal GDP targeting. I have doubts about nominal GDP targeting, the main one being that it...