Mike Norman Economics

It’s Wednesday – a day for a few short comments and then relaxing to music. Today I consider some statements from the Bank of International Settlements, which suggest that the mainstream inflation approach, based on the New Keynesian Phillips curve is subjected to “serious practical shortcomings”. In other words, it is unfit for purpose, which means you should not be surprised that central banks are hiking rates to stifle a transient supply-side inflation burst. Quackery leads to quackery. I...

Reminiscence of the FutureAnd That Is Important Exactly How?http://smoothiex12.blogspot.com/2022/06/and-that-is-important-exactly-how.htmlThey Ran From Lysichansk...http://smoothiex12.blogspot.com/2022/06/they-ran-from-lysichansk.htmlAndrei Martyanov, former USSR naval officer and expert on Russian military and naval issuesMoon of AlabamaAnother Zelensky Lie Debunked - White House Says Ukraine Must Give Up Territory (Zelenski is just the mouthpiece between the US and the Ukrainian right...

Tax drain is now an everyday feature, with a few exceptions every month. However, those are not enough to avoid recession and rising unemployment. 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/

On global realignment. Important.The CradleBehind the Tin Curtain: BRICS+ vs NATO/G7Pepe Escobarhttps://thecradle.co/Article/Columns/12393

This is a widely held belief and behind a lot of the current bearish positioning… (lol I’d like to ask them then why prices collapsed 40% when they first increased the reserves at Depositories in March 2020)Now they are of course predicting a catastrophic collapse when Fed starts to decrease reserve balances… which btw the Fed haven’t even done yet in June when this is the month they have been saying they are going to decrease assets, excerpting from Mike’s MMT Trader report this week:“Fed...

Moon of AlabamaNewsbits on Ukraine - Lysichansk Cauldron, Civilian Damage, Reserve Troops, Russian 'Default'https://www.moonofalabama.org/2022/06/newsbits-on-ukraine-lysichansk-cauldron-civilian-damage-reserve-troops-russian-default.htmlReminiscence of the FutureThe Endspielhttp://smoothiex12.blogspot.com/2022/06/the-endspiel.htmlAlex Gives A Good Aye-Yai-Yai On G-7, Larry About Denazification And Something...

We're approaching the point where tax flows suck all the liquidity from the economy and market, dragging both down an inescapable black hole. 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/

A Son of the New American RevolutionUnderstanding the NY Times Article on the CIA in UkraineLarry 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/understanding-the-ny-times-article-on-the-cia-in-ukraine/One WorldWe Need To Talk...

A close friend send me some pages from a book she is reading – Ministry of the Future – by author Kim Stanley Robinson, which was published in 2020. It is about an organisation that is chartered with defending the rights of future generations and they pursue various projects accordingly. Its major challenge is climate change, after a “deadly heat wave in India” and the narrative allows the author to entertain very interesting discussions about economics, ecology and society. It is classified...

India PunchlineA pivotal moment in eastern UkraineMK. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador.Zero HedgeG7 Commits To 'Indefinite' Military & Financial Support To Ukrainehttps://www.zerohedge.com/geopolitical/g7-commits-indefinite-military-financial-support-ukraineSouthfront (sanctioned by the US Treasury Department)Russian Losses In The Black Sea Growing After Ukraine Got US-Made Harpoon Missiles...