Mike Norman Economics

Michael Hudson and Steve Keen interviewed by Steve Grumbine. Transcript of Macro and Cheese podcast, July 9 2022.Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismInternational Trade and MMT with Keen, HudsonMichael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University

Two days of good fiscal flows, but that didn't help stocks. However, the money found its way into bonds. 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/

Closer integration advanced via the St. Petersburg forum in 2016 and the BRI forum in 2017. The overall target: to create a new order in Asia, and across Eurasia, according to international law while maintaining the individual development strategies of each concerned country and respecting their national sovereignty.That, in essence, is what most of the Global South is buying. It’s as if there’s a cross-border instinctual understanding that Russia-China, against serious odds and facing...

 The Vineyard of the Saker is back online after an access-denial attack. The posts that were not available during that period now are. There are too many to list separately. Just visit the site at http://thesaker.is/Moon of AlabamaHarpers Declares It's Over - The 'American Century' Is Gonehttps://www.moonofalabama.org/2022/07/harpers-declares-its-over-the-american-century-is-gone.htmlZero HedgeJohn Bolton Admits He Helped Plan Foreign Coup AttemptsTyler...

Marc Lavoie has a new paper MMT, Sovereign Currencies And The Eurozone. It’s based on a lecture he was asked to give in 2021 STOREP conference. In this he analyses what neochartalism (“MMT”) is and what is says about the Euro Area.Marc Lavoie also discusses Sergio Cesaratto’s work. Sergio had an excellent book Heterodox Challenges In Economics: Theoretical Issues And The Crisis Of The Eurozone and somehow missed Marc’s review of it earlier....The Case for Concerted ActionMarc Lavoie On The...

John Bellamy Foster explains the capitalist ‘solution’ master-minded by global finance to resolve the imminent environmental crisis: create a multi-quadrillion dollars worth of assets on the back of everything nature does and expropriate it from the global commons to make a profit. Worse still: it is already happening....Transcript. MR OnlineThe capitalist solution to ‘save’ the Planet: make it an asset class & sell itJohn Bellamy Foster, Professor of Sociology at the University of...

It’s Wednesday, and so I have some shorter analysis on a range of matters today. First, some discussion of a technical paper from the US Federal Reserve researchers, which makes it clear they think that the interest rate hikes have a high probability of causing a recession. Second, we analyse some Russian data which suggests the sanctions are having the opposite effect to that intended. Third, I consider the stupidity of the new Australian government which is now falling into the ‘we have...

The oil market backwardation has narrowed over the past 3 days, but it's still historically high. This is bullish. 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 goal of this post is to chart the rise (and potential peak) of ‘capitalism’ … as I understand it. This caveat is key. To study a social system, we must first define it. To many people, capitalism is a ‘mode of production’ (a definition inherited from Marx). The view that I take here, however, is that capitalism is primarily an ideology — or what Jonathan Nitzan and Shimshon Bichler call a ‘mode of power’. Capitalism is a set of ideas that justify the modern social order....Economics from...

A Son of the New American RevolutionThe New Ukrainian Unicorn–The Million Man ArmyLarry 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 (1984-1989)https://sonar21.com/the-new-ukrainian-unicorn-the-million-man-army/Reminiscence of the FutureSpeaking of...