Mike Norman Economics

A Son of the New American RevolutionNew Batches Of Ukrainian Troops Quitting the Fight as Russia Grinds OnLarry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money laundering, formerly Deputy Director in the U.S. State Department’s Office of Counter Terrorism (1989-1993, and CIA operations...

Oil prices have come down due to slower (contracting) economic growth and spec liquidation. However, this is about as low as it's going to go. 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/

Moon of AlabamaHow Pelosi's Visit Hurts Taiwanhttps://www.moonofalabama.org/2022/08/how-pelosis-visit-hurts-taiwan.htmlA Son of the New American RevolutionWhy It Is Critical to Understand What the Other “guy” ThinksLarry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money laundering, formerly Deputy Director in the U.S. State Department’s Office of Counter Terrorism (1989-1993, and CIA...

Backgrounder on this effect in dynamic systems …Many systems exhibit oscillatory behavior when they are disturbed from their position of static equilibrium. A mass suspended from a spring, for example, might, if pulled and released, bounce up and down. On each bounce, the system tends to return to its equilibrium position, but overshoots it.So you can be trying to damp down a system but as the system overall responds negatively (red line) there can be short periods where the system is...

This stuff is pretty expensive…  as the QT proceeds and C&I inventory finance can return to more normal levels, expect this inventory shortage (and others) to be corrected and the unit prices can be reduced…The slow start to the QT is extending the period of these and other commercial inventory shortages…The Biden administration claimed they were “working around the clock” to fix America’s critical baby formula shortage after waiting MONTHS to address it.Now, 30% of our nation’s baby...

[embedded content]China and Mixed BagAndrei 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 Laboratory...

Despite all the hysteria about the current inflationary pressures and the reversion of central bank policy committees to the New Keynesian norm – interest rates have to rise to kill of inflation otherwise it becomes a self-fulfilling process where wage demands are made in ‘expectation’ of more inflation and firms (passively in their view) have to pass on the higher unit costs, I remain of the view that this period is transitory. That doesnt win me any friends (other than my true friends). It...

Market back in bullish mode as I expected. August will be a powerful bullish advance. Monetarists are ripping their eyeballs out trying to understand. 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 CradleHow a missile in Kabul connects to a Speaker in TaipeiPepe Escobarhttps://thecradle.co/Article/Columns/13830Asia TimesWhy Pelosi’s Taiwan visit is so dangerousDavid P. Goldmanhttps://asiatimes.com/2022/08/why-pelosis-taiwan-visit-is-so-dangerous/Global Times (Chinese state-affiliated media)China's countermeasures against Pelosi's Taiwan visit won't be one-off: Global Times editorialhttps://www.globaltimes.cn/page/202208/1272069.shtmlCaitlinJohnstone.comThe US Military Was Just Used...

Although I like the title of my banking primer “Fractional Reserve Banking and its Discontents,” the problem is that I need to deal with some really loopy theories.The economist Robert Solow provided us with a very good quote regarding the dilemma of such discussions.Suppose someone sits down where you are sitting right now and announces to me that he is Napoleon Bonaparte. The last thing I want to do with him is to get involved in a technical discussion of cavalry tactics at the Battle of...