Mike Norman Economics

Just had another April mini-drain this week. $107 bln drained from accounts thanks to taxes. Market and economy will have a rough time rebounding with this constantly happening. 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/

[embedded content]About salvo warfare. Math.Adam Smith With HarpoonsAndrei 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...

Moon of AlabamaUkraine - The U.S. Is Moving Towards Escalationhttps://www.moonofalabama.org/2022/06/ukraine-the-us-is-on-the-road-towards-escalation.htmlTrudeau Is Lying - Canadian Air Patrols Near China Are Not On 'UN Mission'https://www.moonofalabama.org/2022/06/trudeau-is-lying-canadian-air-patrols-are-not-on-un-missions-they-are-spying-on-china.htmlReminiscence of the FutureEva Bartlett Reports... [from the ground on Ukrainian strikes on civilian targets in Donetsk, which the Western...

A gas shortage and high prices will send “shockwaves through the country,” leading to landlords cutting the heat for tenants and widespread company bankruptcies, warned Klaus Müller, the head of Germany’s Federal Network Agency, which is the regulatory office for electricity, gas, telecommunications, postal services, and railway markets....RemixWinter is coming: German agency head warns of gas shortages, bankruptcies, and massive price hikes that will send ‘shockwaves throughout the...

MAGA Bannon and Prince with a recent breakdown…

What happens from not thinking things through. And David P. Goldman doesn't bring up the more extreme consequences that are not only possible but looking increasingly probable.Asia TimesBiden stares down from Ukraine-economic ledgeDavid P. Goldmanhttps://asiatimes.com/2022/06/biden-stares-down-from-ukraine-economic-ledge/See also  The West has been inhabiting a fanciful world that could exist only in our imaginations. Many remain stranded in that self-deluded mirage. The more that we have...

The Russian trade delegation in China has received many proposals from Chinese companies willing to replace Western products on the Russian market, Alexey Dakhnovsky, Russia's trade representative in China, said on Thursd…"The trade representative office receives a lot of proposals from Chinese companies that offer not only products, but also technologies to replace Western goods [in Russia]," Dakhnovsky said on the sidelines of the St. Petersburg International Economic Forum...

European gas prices have soared by as much as 50% in just one week.The surge in prices was spurred by reduced Russian flows and an outage at a key LNG export terminal.Germany warned that limits to flows via the Nord Stream pipeline were a strategy from Putin to rattle the market.Scholz apparently thinks that NATO can engage in a proxy war with Russia and not incur costs. How dumb is that?OilpriceOutages And Reduced Russian Flows Send European Gas Prices Soaring Tsvetana...

Conversable EconomistCentral Banks Start to Diversify From US DollarsTimothy Taylor | Managing Editor of the Journal of Economic Perspectives, based at Macalester College in St. Paul, Minnesota|https://conversableeconomist.com/2022/06/16/central-banks-start-to-diversify-from-us-dollars/

As I forewarned, the quarterly corporate tax payment that was due this week resulted in a $95 bln liquidity drain. This is done. The market should start a slow recovery now. 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/