Mike Norman Economics

 The Eurozone is currently in a period of ‘temporary’ hiatus – by which I mean that to deal with the obvious system-ending implications of the pandemic (increasing fiscal deficits etc) the European Commission invoked the special clauses to suspend the application of the fiscal rules outlined in the Stability and Growth Pact (SGP) and related Excessive Deficit Mechanism procedures and the European Central Bank introduced an even larger bond-buying program to ensure the resulting deficits...

Economist Michael Hudson joins Multipolarista host Ben Norton to discuss partial student debt relief in the US, inflation and the Fed, disaster capitalism in Ukraine, and China’s challenge to the petrodollar.Video and transcript.Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismA short history of inflation in modern timesBen Norton interviews Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst,...

This is gotta be fake news.. these young people REALLY would rather be going to the Arctic and freezing their asses off….#Ukraine war zone. My heart bleeds for their suffering in Kiev. pic.twitter.com/9kwPNiXLoy— It's a hoax folks🇮🇪 (@valeriekeane53) September 4, 2022 😂😂😂😂😂

Initial effect of the increase in the risk free interest rate component of Fed monetary policy to fight Art Degree figure of speech “inflation!” has wiped out over $6T of wealth in 90 days…   Accordingly most people are bearish NOW…The hit to Household Net Worth over the last 2 quarters is beyond even that of the GFC. Reverse Wealth Effect about to work with a vengeance. #Recession #Crisis pic.twitter.com/0lFzY3kVcy— steph pomboy (@spomboy) September 9, 2022

Next week will witness a $110 bln drain from corporate tax payments. Some of the selling may already have occurred, but there's still the chance of weakness ahead. 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/

India PunchlineTimely assertion of India’s strategic autonomyMK. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador.The Vineyard of the SakerGermany’s energy suicide: an autopsyPepe EscobarThe CradleAsia’s future takes shape in Vladivostok, the Russian PacificPepe EscobarSputnik International (Russian state-sponsored media)China Opens Record-Breaking Hypersonic Wind Tunnel Able to Reproduce Mach 33 SpeedsAndrew Batson's BlobWhat will self-reliance mean for...

I've been in this business over 40 years and have never seen a level of fear and insanity so high. It's delusional. 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/

 This is Part 2 of a series on Deep Adaptation and MMT that I am writing. The first part – Deep Adaptation – Part 1 (August 22, 2022) – introduced the concept. I have recently written about the coming together of a number of crises which I consider to be all linked and part of the end of normal business as we have known it. See – The global poly crisis is the culmination of the absurdity of neoliberalism (July 18, 2022). Thinking about the social aspects of that conjunction of crises, we...

Euthanize all the Art Degree climate nutters and a lot of the current problems immediately go away….The moratorium on fracking, in place since 2019, will be scrapped on Thursday, giving the green light for companies to seek planning permission to drill for shale gas in the UK.https://t.co/jL5HEb7OWv— Disclose.tv (@disclosetv) September 7, 2022

Both the Far East and the Arctic Region not only have key resources, but also access to rapidly developing regions of the globe, Russian President Vladimir Putin said at the plenary session of the Eastern Economic Forum (EEF)."As far as we are concerned, the Far East and the Arctic are definitely the most important regions for Russia’s future. Not only do they have resources there, but it also offers access to areas of the world proactively developing and at a very good pace. We actually...