Mike Norman Economics

Heavy, almost panicky selling today, and more downside risk in the short term, but the important indicators suggest staying calm. 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/

In his latest book, economist Michael Hudson pits socialism against finance capitalism and tears apart the 'dream civilization' imposed by the 1 percent.The CradleWill the Global South break free from dollarized debt?Pepe Escobarhttps://thecradle.co/Article/columns/11529See alsoOccasional Links & CommentaryReset this!David F. Ruccio | Professor Emeritus of Economics, University of Notre Damehttps://anticap.wordpress.com/2022/06/09/reset-this-2/

Moon of AlabamaWashington Starts Blame Game Over Defeat In Ukrainehttps://www.moonofalabama.org/2022/06/washington-starts-blame-game-over-defeat-in-ukraine.htmlAsia TimesUkraine – The Situation (June 9)Uwe Parparthttps://asiatimes.com/2022/06/ukraine-the-situation-june-9/A Son of the New American RevolutionIs U.S. Intelligence Really this Screwed UP?Larry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and...

Political leaders have been keen to promote individualism over the last several decades because it suits the class interests they serve. Margaret Thatcher denied the existence of society. John Major, who shafted her to take over the Tories in 1990 and pressured the UK to join the EU, claimed there was a society but that he would render it “classless” so that everyone has the opportunity to shine according to their talents. Within the Tory tradition, David Cameron, who effectively through...

Newly launched Pairagraph pairs John B. Taylor and Stephanie Kelton in a "debate" in a very limited scope. It's an interesting format but it doesn't provide too much more space than a Twitter extended thread.PairagraphHow Many More Trillions Before the Debt Triggers a Crisis?John B. Taylor versus Stephanie Keltonhttps://www.pairagraph.com/dialogue/b9a947704c0a4ae19dd8af3056808432/2

Should see a market pullback mid-next-week. Everyone will blame the Fed, but the real reason is another big liquidity drain from quarterly corporate tax payments. After that, it's straight up until mid-September. 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 Vineyard of the SakerSitrep Operation Z: Denazification and Demilitarization by the hundredsAmarynthhttp://thesaker.is/sitrep-operation-z-denazification-and-demilitarization-by-the-hundreds/Moon of AlabamaBiden's Foreign Policy Is One Big Messhttps://www.moonofalabama.org/2022/06/bidens-foreign-policy-is-one-big-mess.htmlA Son of the New American RevolutionThe U.S. Dilemma–Pricey Weapons That May not WorkLarry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international...

It’s Wednesday, and we have some analysis and news and then my music segment for the week. Yesterday, the Reserve Bank of Australia (RBA) stunned the nation by pushing up interest rates by 0.5 points, claiming it was the responsible thing to do given that inflation was higher than expected. They then outlined all the factors driving inflation – none of which are going to be responsive to interest rate rises. Further, when one dissects the way in which interest rate rises work through...

Marijn A. Bolhuis, Judd N. L. Cramer, and Lawrence H. Summers released a NBER working paper “Comparing Past and Present Inflation” (link) which constructs a alternate CPI index that is comparable to the present methodology. Historically, the housing component was based on house prices and included mortgage rates — which meant that the housing component of CPI mechanically follows interest rates....Bond Economics Disinflation Needed A Lot Smaller Than Early 1980 CaseBrian Romanchuk

[embedded content]"Ukraine LOST WAR A Long Time Ago" - Col Douglas MacgregorThe Dive with Jackson Hincklehttps://youtu.be/0Paaa9fDNV8