Mike Norman Economics

Everyone is bearish on the QT but Fed not really imposing the QT policy yet… frustrating for the bears…Effectively still no QT yet:Somebody tell Chair Powell he's supposed to be shrinking his balance sheet by $47.5bn per month pic.twitter.com/NnGVXJlKYl— Court Hoover (@CourtHoover) August 12, 2022 Bearish on the Fed alleged forthcoming QT:[embedded content]

Reminiscence of the FutureMighty Estonia...http://smoothiex12.blogspot.com/2022/08/mighty-estonia.htmlAbout Real War.http://smoothiex12.blogspot.com/2022/08/about-real-war.htmlAndrei Martyanov, former USSR naval officer and expert on Russian military and naval issuesThe GrayzoneHow Britain fueled Ukraine’s war machine and invited direct conflict with RussiaTJ Coleshttps://thegrayzone.com/2022/08/12/britains-military-russia-ukraine/TASS (Russian state media)Russia urges West not to create...

Deficit is at a new high for the fiscal year at $1.024T. Over $500 bln has been added to the financial balances of the non-gov't since the end of April. This is what's been driving stocks and helping the economy.

Moon of AlabamaThe Mystic Ukrainian Kherson Offensive Did Not And Will Not Happen At Allhttps://www.moonofalabama.org/2022/08/via-daniel-ukraine-battle-expands-as-kyiv-launches-counteroffensive-new-york-times-may-29-2022-ukraine-regains-some.htmlIndia PunchlineUS commits a perfect murder in KabulM. K. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassadorhttps://www.indianpunchline.com/us-commits-a-perfect-murder-in-kabul/WSWSFBI agents raid black nationalist...

Defense OneUS Military ‘Furiously’ Rewriting Nuclear Deterrence to Address Russia and China, STRATCOM Chief Says [Navy Adm. Chas Richard] (The US is now in uncharted territory with two peer competitors of the US allied with each other.)Tara CoppHow Putin’s Ukraine War Has Only Made Russia More Reliant on China (This is one of the silliest posts I have read about Russia and China — with the exception of the Small Wars Journal in general. Andrei Martyanov has shown how and why Russia is the...

 Central Asia is waking up from a long slumber. Pepe Escobar provides historical background to an area that has huge economic potential and therefore geopolitical potential as well, couple with its strategic location with respect to China, Russia and Iran.Incidentally, Craig Murray served as British ambassador to Uzbekistan.The CradleSamarkand at the crossroads: from Timur to the BRI and SCOPepe Escobar

[embedded content]Sensor Fusion and UncertaintiesAndrei 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...

Falling CPI, negative producer prices. It's clear that inflation was indeed transitory, but the Powell Fed completely overreacted and continues to overreact with more rate hikes planned. Total incompetence. 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/

Naked CapitalismIs the US Underestimating China’s Space and Counterspace Capabilities?Yves Smith https://www.nakedcapitalism.com/2022/08/is-the-us-underestimating-chinas-space-and-counterspace-capabilities.htmlRT — Question More (Russian state-sponsored media)Ukraine and its Western backers should be held accountable for the ‘suicidal’ attack on Europe’s largest nuclear powerplantScott Ritter, former US Marine Corps intelligence officer, serving in the Soviet Union as an inspector...

As many of you know, I co-host a weekly podcast called the Best New Ideas in Money. This week’s episode focuses on the economy and, specifically, the debate about whether we’re in, headed for, or likely to escape a recession. I shared my own views, but the episode really features two former central bank economists—Claudia Sahm and David “Danny” Blanchflower—with different takes on where we are at the moment.…The LensThe Recession Question Stephanie Kelton | Professor of Public Policy and...