Mike Norman Economics

The Saker (Andrei Raevsky) is back. Here is his first report in some months. He, along with some other dissident military analysts like Col. Douglas Macgregor, Andrei Martyanov, Scott Ritter, Dima (of Military Summary), and Brian Berletic of New Atlas, have been providing an alternative to the conventional narrative that is not found on the conventional media that pushes the narrative while ignoring alternative views. It's good to have his perspective again. While opponents may claim that...

Current MAGA outlook, Navarro still bearish and short on the “stagflation!”…  doesn’t think there is any policy alternative to current projected low or negative growth…  not thinking about bank credit at all…

 Started June 1 at 8,392Now after 7 weeks down to 8,369Down 23 when they said they were supposed to be reducing at a 47.5 per month rate…. Should be close to 8,300 … either they are technically incompetent or yes I know I know it’s all part of the “vast neoliberal conspiracy!”..

The Vineyard of the SakerFor those about to rock, NAM 2.0 salutes youPepe Escobarhttp://thesaker.is/for-those-about-to-rock-nam-2-0-salutes-you/RayMcGovern.comMedia Miss Major Moves on Russia-Ukrainehttps://raymcgovern.com/2022/07/22/media-miss-major-moves-on-russia-ukraine/Beware the Lucrative Tilt With Windmills in Ukrainehttps://raymcgovern.com/2022/07/22/beware-the-lucrative-tilt-with-windmills-in-ukraine/Ray McGovern, co-founder of Veteran Intelligence Professionals for Sanity, and...

[embedded content]Wunderwaffe Thinking— Al Bundy's Four Touchdowns As American Wunderwaffe thinking-ConclusionAndrei 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...

Profit taking. Headline fears and next week's FOMC meeting. 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 SakerOperation ZOV: quagmire and fogThe Saker Staffhttp://thesaker.is/operation-zov-quagmire-and-fog/1945How the Ukraine War Could End: Stalemate or Russia Captures Kharkiv and Odessa (If Andrei Martyanov and others are correct, Davis is underestimating Russian military capability.)Lt. Col. Daniel L. Davis (USA ret.), Senior Fellow and Military Expert for Defense...

Moon of AlabamaAustralia Finally Recognizes That The AUKUS Deal Makes No Sense At Allhttps://www.moonofalabama.org/2022/07/australia-finally-recognizes-that-the-aukus-deal-makes-no-sense-at-all.htmlWhy Nord Stream II Must Be Opened Immediatelyhttps://www.moonofalabama.org/2022/07/why-nord-stream-ii-must-be-opened-immediately.htmlSputnik International (Russian state-sponsored media)US CIA Director: Iran Never Resumed Nuclear Weapons...

Rate hikes will force the Fed to give free money to the banks. If you buy bank stocks, you will get some of those flows as bank stocks rise. Be like a bank! 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/

China in not headed for a "crash" for the simple reason that the government controls the banking system.The question in any financial crisis is who is going to assume the losses. In market economies, it is generally "the little people" (h/t Alan Simpson), that is, those that do not count. But ultimately the Chinese government will absorb the losses instead of those now affected, the mortgage holders and bank depositors. And cowboy capitalism will be moderated more. The Chinese government has...