Mike Norman Economics

Bullish outlook ahead, especially August. August could be BIG! 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/

Pushing backECNS (Chinese official English news service)Xi speaks with Biden over phone (A Chinese version of the meeting)http://www.ecns.cn/news/politics/2022-07-29/detail-ihcarefn4813941.shtmlChinese spokesperson slams NATO for strategic concept referring to Chinahttp://www.ecns.cn/news/military/2022-07-29/detail-ihcarefn4813938.shtmlRacism causes Asian Americans 'collective trauma,' says experthttp://www.ecns.cn/news/2022-07-28/detail-ihcarefn4813588.shtmlChinese spokesperson refutes U.S....

What is going on? Simply put, the West is getting poorer. We are seeing two things at once. First of all, policymakers have lost the plot and started intervening heavily into the economy with lockdowns and various other policies that destroy the supply-side of the economy. Secondly, we are seeing an enormous geopolitical shift centered around the war in Ukraine. The old model where the rich West runs large trade deficits with the poorer developing countries in exchange for worthless paper is...

India PunchlineLavrov is on Blinken’s list of people to callM. K. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassadorhttps://www.indianpunchline.com/lavrov-is-on-blinkens-list-of-people-to-call/Reminiscence of the FutureHow The Tables Have Turned.http://smoothiex12.blogspot.com/2022/07/how-tables-have-turned.htmlHow to Troll Professionally and Mercilessly. ))Andrei Martyanov, former USSR naval officer and expert on Russian military and naval...

As in a Greek tragedy whose protagonist brings about precisely the fate that he has sought to avoid, the US/NATO confrontation with Russia in Ukraine is achieving just the opposite of America’s aim of preventing China, Russia and their allies from acting independently of U.S. control over their trade and investment policy. Naming China as America’s main long-term adversary, the Biden Administration’s plan was to split Russia away from China and then cripple China’s own military and economic...

Drawing out the implications of this article, the US strategy of isolating China and Russia is failing. They are economically dominant in the Global South, especially China. Moreover, the US and Europe are dependent on Chinese exports ("supply chains"). And as we are seeing with sanctions, the US and Europe and also dependent on  Russia for materials and also China to a lesser extent (rare earths).The bad news is that as this realization sets in, the remaining option to stem the tide of...

[embedded content]Col Doug Macgregor - Ukraine Russia latestJudge Napolitano - Judging Freedomhttps://youtu.be/niZQnX-pw5w

[embedded content]Going "tactical" and "realist".Andrei 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...

Monetarists are losing it as the stock market rallies. And the rally is JUST GETTING GOING. 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/

I just got back from vacation, and was greeted by the United States’ 2022Q2 GDP release which hit the dreaded “two quarters of contraction” status. Some people have decided that this counts as a “technical recession,” although it is unclear where the adjective “technical” comes from.Since I am catching up with everything, I am unable to do a detailed analysis. If I do anything, I will postpone it until next week. I just want to add yet more words to the “is is a recession?” debate.My view is...