Mike Norman Economics

I recently participated in a zoom seminar to review a new book entitled Socialist Economic Development in the 21st Century by Alberto Gabriele and Elias Jabbour. Gabriele is a Senior Researcher at Sbilanciamoci, Rome, Italy and Elias Jabbour is an Assistant Professor at the School of Economics, at Rio de Janeiro State University, Brazil.You can see the comments of the various reviewers (including my own) and the replies of the authors (here). But below is a more considered review of the...

The Australian Bureau of Statistics (ABS) released of the latest labour force data today (June 18, 2022) – Labour Force, Australia – for May 2022. The labour market improved markedly in May after several months of weakness. The robust full-time employment growth was a good sign as was the increasing participation rate. That particularly favoured the younger workers. The official unemployment rate was unchanged but the underlying (‘What-if’) unemployment rate is closer to 6.1 per cent rather...

Pepe Escobar is following various discussions at Spief: https://twitter.com/spief?lang=en and here are some of his updates from his telegram channel:The Vineyard of the SakerNotes From Spief: St Petersburg International Economic ForumPepe Escobar

My two sessions at the Levy Summer School begin early on Friday morning (Australian time). The details follow.Here are the details:Bill Mitchell – billy blogMy sessions at the Levy Summer School 2022Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

CaitlinJohnstone.comWe’re Here To Become As Conscious As PossibleCaitlin Johnstonehttps://caitlinjohnstone.com/2022/06/16/were-here-to-become-as-conscious-as-possible/A Son of the New American RevolutionIs NATO Support for Ukraine Flagging?Larry 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...

 The coming of the new G8 points to the inevitable advent of BRICS +, one of the key themes to be discussed in the upcoming BRICS summit in China.The Vineyard of the SakerThe ‘New G8’ Meets China’s ‘Three Rings’Pepe Escobarhttp://thesaker.is/the-new-g8-meets-chinas-three-rings/AlsoRead ChinaBuilding the "New Three Rings": China's choice in the face of possible complete decouplingCheng Yawenhttps://readchina.info/en-US/articles/586615452688449537AlsoHere Comes China NewsletterChina's Annus...

Fed rate hike means it must pay more interest on reserves. That's a fiscal transfer to the economy of nearly $90 bln annually. That means 80% of the Fed's earnings will now flow to the economy. Joke's on the Fed! 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 Fed revisited some old financial records by hiking by 75 basis points today. This is a signal that they have thrown out whatever remains of the models that suggested that inflation is transitory, and they are hiking until something breaks.Bond Economics Fed PanicsBrian Romanchukhttp://www.bondeconomics.com/2022/06/fed-panics.html

[embedded content]Scott Ritter - Ukraine Russia War UPDATE (video 22.46)Judge Napolitano - Judging Freedomhttps://youtu.be/01vmBRfp4wQ[embedded content]"You are a liar" - Scott Ritter (3.08)https://youtu.be/hxL7snC6wEM

[embedded content]"Don't come over here, if you do you are gonna get killed" - Douglas MacGregorhttps://youtu.be/OlnjwBMKkrg