Mike Norman Economics

Dreizin ReportDetails of the Mariupol SurrenderJacob Dreizinhttps://thedreizinreport.com/2022/05/18/details-of-the-mariupol-surrender/The Vineyard of the SakerSitrep Operation Z: NATO surrenders in AzovstalThe Saker Staffhttp://thesaker.is/sitrep-operation-z-nato-surrenders-in-azovstal/A Son of the New American RevolutionMore Ukrainian Squirrels for the Desperate West to ChaseLarry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with...

[embedded content]The New AtlasRussian Ops in Ukraine: Advances in Donbas, Ukraine Surrenders at AzovstalBrian Berletichttps://youtu.be/rcIiiDEOlwo

Looking more and more like Joe Biden is adopting the Clinton second term strategy of budget balance. If so, this is terrible news for the economy and stock market. However, it may still be too soon to tell. Stay tuned.

Continued oil and gas exports as well as a propped-up ruble, have allowed Moscow to weather Western sanctions.JPM has backtracked on its earlier forecasts of a 35% contraction in Russian GDP in the second quarter.The lion's share of Russian raw materials is traded via Switzerland and its nearly 1,000 commodity firms.Swiss commodity traders are enabling Russia's sales of its resources. This is a huge contribution to Swill GDP so the Swiss are in no rush to give it up, knowing that nature...

[embedded content]Operational Art 1Andrei 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 Laboratory Director...

Reminiscence of the FutureThey Tried Again...Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issueshttps://smoothiex12.blogspot.com/2022/05/they-tried-again.htmlConsortium NewsThe New Iron CurtainPatrick Lawrencehttps://consortiumnews.com/2022/05/16/patrick-lawrence-the-new-iron-curtain/Vanessa Beeley SubstackBBC rewriting history in Syria for Global BritainVanessa Beeleyhttps://beeley.substack.com/p/bbc-rewriting-history-in-syria-forThe Maritime...

The Riksbank (central bank of Sweden) only sets the interest rate. And interest rates have no impact on the energy prices that are driving inflation today. But higher interest rates lead to higher unemployment and lower output – and that can push inflation even higher. But there are other ways to curb inflation, write Dirk Ehnts, Sten Grahn, Peo Hansen, Jussi Ora and Patrik Witkowsky....The Gower Initiative for Modern Money StudiesRaising interest rates is like blowing up the garden to weed...

This article is a short outline of what I see as the macroeconomic effects of a possible continuation of weakness in crypto financial markets. The direct effects would be small, although weakness in crypto is interleaved with the fortunes of the tech sector. It is certainly possible that all risk assets will be under pressure if the economic situation deteriorates, so crypto might be akin to the canary in the coal mine — a signal of other dangers.I end with a discussion of so-called “stable...

A Son of the New American RevolutionAzov Battalion Giving Up the Ghost in AvostalLarry 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/azov-battalion-giving-up-the-ghost-in-avostal/Moon of AlabamaUkraine - For Laughs (losing is...

[embedded content]Short and to the point. Transition from SMO to war coming soon as Russia rolls up Donbass while the US, UK and EU pour in weapons to arm a reconstituted Ukrainian military. When this happens, "you will understand what total war looks like.""Ukraine is gonna suffer horrific losses" - Scott RitterScott Ritter, former US Marine Corps intelligence officer, serving in the Soviet Union as an inspector implementing the INF Treaty, on General Schwarzkopf’s staff during the Gulf...