Mike Norman Economics

Oil, geopolitics and the petrodollar."It's the energy, stupid." Economics run on energy.This was entirely predictable as a result of the policy to address climate change through ESG. This resulted in less investment in non-renewable energy resources, which will still be needed in relative abundance through a transition that will take a relatively long time under the best of circumstances. Instead the world is facing the worst of circumstances, war and preparation for war. Militaries are...

MMT is getting noticed as the basis for a solution to the economic challenges of creating a sustainable future.Resilience.orgDegrowth, Decolonization and Modern Monetary TheoryWinne van Woerden and Chris van de Ploeg

3Q GDPNow revised up twice to 2.9% which is higher than annual growth ever achieved under 14 years of ZIRP:Tweet: On October 7, the #GDPNow model nowcast of real GDP growth in Q32022 is 2.9%. https://t.co/T7FoDcZmZS #ATLFedResearch Download our EconomyNow app or go to our website for the latest GDPNow nowcast. https://t.co/NOSwMkQ7XS pic.twitter.com/u6R1xLVvNK— Atlanta Fed (@AtlantaFed) October 7, 2022 T-Bill discounts now transferring over $3.5B per week with the Fed’s latest rate increase...

It never works….Raiders DB Robertson with awesome all pro quality game against the Broncos last week:I’d watch this with dudes commentary every game! 😂🔥👀💪🏽 pic.twitter.com/r7uNUSPUTM— DJ P👀H (@DJPooh) October 3, 2022

The government doesn't borrow. It physically CANNOT borrow dollars unless it spends the dollars into the economy first. There is no debt. It's just untaxed dollars in the hands of the world. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes Follow me on Twitter...

There’s a lot of concern that the Federal Reserve is going to keep raising interest rates until it forces something to “break.” I share that concern....The Lens(When) Will the Rate Hikes Break Something?Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders

President Joe Biden is now vowing to “consult with Congress” on ways to “reduce OPEC’s control over energy prices,”.A change in U.S. anti-trust law could revoke immunity that has protected OPEC members against lawsuits.The EU idea of forming a buyers cartel to counter high oil prices is getting more support.Forgetting to remember Smoot-Hawley?Oil PriceThe Radical Plans To Counter High Oil PricesAlex Kimani

Whatever the modus operandi of Pipeline Terror, incompetence was part of the package. No explosive charges were placed or detonated on Line B of NS2....PressTV (Iranian state-owned news network)Nord Stream 2 offers Germany a date with destinyPepe EscobarSee alsoОднако к благоразумию наших врагов на Западе взывать бесполезно. И не нужно. Врагов надо заставить просить о пощаде в проигранном экономическом сражении. И завершать его их полной и безоговорочной капитуляцией. Translation: It is...

Musk “reckons that conflict over Taiwan is inevitable,” FT editor Roula Khalaf wrote after the magnate took her to lunch in Texas. The question about China occasioned “the longest silence” of the interview, she noted. While such a conflict will impact Tesla – the Shanghai factory accounts for 30-50% of its total electric car production – other companies like Apple will be “in very deep trouble,” according to Musk. The global economy will take at least a 30% hit, he estimates.“My...

This article doesn't consider the US and China decoupling, which would greatly amplify the effects discussed in the article. Project Syndicate (free registration may be required)Why Deglobalization Makes US Inflation WorseDambisa Moyo