Mike Norman Economics

As many of you know, I recently spoke at the Levy Economics Institute’s Summer Seminar on MMT, Minsky and Godley. All of the videos are now available, including my opening keynote…. The LensMy Keynote from the Recent Levy Summer SeminarStephanie 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...

Fed about to run negative cash flow with its rate hikes. Economists finally catching on. I've been saying this for at least 6 years. (*Note: I misspoke in the video. I said reserves were $6 bln. I meant to say, $6T.) 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/

The Vineyard of the SakerSitrep Operation Z: collapses and progressThe Saker Staffhttp://thesaker.is/sitrep-operation-z-collapses-and-progress/1945Does Economic Pain Mean NATO and the West Cut Ukraine Loose? (To me, this is the most likely scenario. By way of criticism, it also appears that Lt. Col. Davis is significantly underestimating Russian capability and resolve, as are most Americans who are analyzing the situation.)Lt. Col. Daniel L. Davis (USA ret.), Senior Fellow and Military...

Get ready for lots of volatility, but something is happening that will lend bullish support. 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 RevolutionTHE SHORTEST HISTORY OF EUROPEAN SURFACE NAVAL WARFARE EVER WRITTEN (increasing distance/bang ratio)Helmholz Smithhttps://sonar21.com/the-shortest-history-of-european-surface-naval-warfare-ever-written/It is Ukraine, Not Russia, scraping the bottom of the barrel in search of Replacement TroopsLarry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money...

So last week, the Bank of Japan remained the last bank standing, the rest in the advanced world have largely lost the plot by thinking that raising interest rates significantly will reduce the global inflationary pressures that are being driven by on-going supply disruptions arising from the pandemic, the noncompetitive behaviour of the OPEC oil cartel and the Russian assault on Ukraine. The most recent central bank to buckle is the ECB, which last week raised interest rates by 50 basis...

CaitlinJohnstone.comWhen They Announce WW3 Let’s Just Say ‘Nah’: Notes From The Edge Of The Narrative MatrixCaitlin Johnstonehttps://caitlinjohnstone.com/2022/07/24/when-they-announce-ww3-lets-just-say-nah-notes-from-the-edge-of-the-narrative-matrix/  Reminiscence of the FutureTOE [Table of Operations and Equipment] As Military Bible.http://smoothiex12.blogspot.com/2022/07/toe-as-military-bible.htmlIn The News.http://smoothiex12.blogspot.com/2022/07/in-news.htmlAndrei Martyanov, former USSR...

Short quote on the important of the external factor (exports and imports).The Case for Concerted ActionWynne Godley’s Views About How The Economy WorksV. Ramananhttps://www.concertedaction.com/2022/07/24/wynne-godleys-views-about-how-the-economy-works/

Stagflation.Michael Roberts Blog — blogging from a marxist economistEurope: caught in a trapMichael Robertshttps://thenextrecession.wordpress.com/2022/07/24/europe-caught-in-a-trap/

This guy is in charge not Yellen or Powell… tells Biden what to tell them…  thinks we’re headed for recession due to the monetary policies of higher risk free rates and quantitative tightening…  ie textbook Art degree monetarism 101…Former Obama economic advisor Larry Summers says "there is a very high likelihood of recession" and it's "very unlikely" the U.S. will have a "soft-landing" pic.twitter.com/SkBNd2jUBx— RNC Research (@RNCResearch) July 24, 2022