Mike Norman Economics

On the face of it, the solution is obvious: bail out distressed developers because this is mainly a cash flow problem of not being able to pay construction firms to finish projects. Once construction restarts, the units get completed, buyers get their homes, and mortgage payments will start to flow again.But what is obvious is not simple politically. In fact, Beijing has been quite timid in stepping in because it is concerned about a massive moral hazard problem that would shift all the cost...

Monetarists cannot explain the decline in bond yields and rise in stocks. So, they're saying Powell must have pivoted. He didn't! 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 US Bureau of Economic Analysis published the latest US National Accounts data last week (July 28, 2022) – Gross Domestic Product, Second Quarter 2022 (Advance Estimate) – which showed that the US economy is now in technical recession – two consecutive quarters of negative GDP growth. After recording a contraction of 1.6 per cent in the March quarter in real GDP, the advance estimates for the June quarter show a further contraction of 0.9 per cent. Many commentators are, however, denying...

The Postil MagazineThe Hidden Truth about the War in Ukraine (backgrounder. Baud shows that from the beginning, shortly after the collapse of the USSR, the Western objective has been to cancel Russia.)https://www.thepostil.com/the-hidden-truth-about-the-war-in-ukraineUkraine: Weapons or Peace? A Conversation with Jacques Baudhttps://www.thepostil.com/ukraine-weapons-or-peace-a-conversation-with-jacques-baudJacques Baud, a former colonel of the General Staff, ex-member of the Swiss strategic...

Reminiscence of the FutureRussian Navy Day.Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues.http://smoothiex12.blogspot.com/2022/07/russian-navy-day.htmlA Son of the New American RevolutionWhile Establishment Media Pushes Delusional Narrative on Ukraine, US Military Brass Now Recognizes the War is LostLarry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and...

Turcopolier“Camp Kościuszko is First Permanent U.S. Installation on NATO’s Eastern Flank” – TTGhttps://turcopolier.com/camp-kosciuszko-is-first-permanent-u-s-installation-on-natos-eastern-flank-ttg/Moon of AlabamaThe MoA Week In Review - OT 2022-118https://www.moonofalabama.org/2022/07/the-moa-week-in-review-ot-2022-118.htmlAntiWarVeteran Intelligence Professionals for Sanity: Military Clash With China Over Pelosi...

Putin, Lavrov, Patrushev, Madvedev have all been stressing lately the racist, neocolonial character of the NATOstan matrix. The SCO and other pan-Eurasian organizations play a completely different – respectful, consensual – ball game. And that’s why they are catching the full attention of most of the Global South.Decolonization is trending.Strategic Culture Foundation (sanctioned by the US Treasury Department)Going to Samarkand Pepe...

Covert Action MagazineFormer Bolivian President Evo Morales Calls For a Global Campaign to Eliminate NATO Jeremy Kuzmarovhttps://covertactionmagazine.com/2022/07/30/former-bolivian-president-evo-morales-calls-for-a-global-campaign-to-eliminate-nato/Moon of AlabamaWhat Presidents Say Does Not Matter. It Is The Execution Of Policies That Counts. (Why the US is...

Naked CapitalismIzabella Kaminska and Yves Will Discuss the Economy and More with Gonzalo Lira at 8 AM Eastern TodayYves Smith

Reminiscence of the FutureLavrov Picked Up The Phone. (The US hasn't gotten the message that talking down to Russia and China is not going to work. Both Russia and China are signaling loud and clear that this game is over.)Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues.http://smoothiex12.blogspot.com/2022/07/lavrov-picked-up-phone.htmlCounterpunchLast Tango in Washington? (Martyanov refers to this in the above.)Michael Brenner | Professor of...