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Mike Norman Economics

Bill Mitchell — The new Australian treasurer’s comprehension of his brief is dire

I write on last week in this blog post – We have a new federal government – finally some decency will hopefully return (May 23, 2022) – that Australia had finally rid itself of the disastrous conservative government that had violated our nation for the last 9 or so years. It was a moment to celebrate, given that we could not have fallen much further in the eyes of the world and that our society was falling apart from the neglect and inaction of that government and the favours it did for the...

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Sentiment is slowly shifting to a less bearish outlook.

Bearish sentiment among individual investors dropped in the latest week. 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/

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Links — 1 June 2022 Part 3

1945Contemplating the Unthinkable in Ukraine: Trading Land for PeaceLt. Col. Daniel L. Davis (USA ret.), Senior Fellow and Military Expert for Defense Prioritieshttps://www.19fortyfive.com/2022/06/contemplating-the-unthinkable-in-ukraine-trading-land-for-peace/A Son of the New American RevolutionUPDATED PIECE on Ukrainian Troops RebellingLarry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and...

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Links — 1 June 2022 Part 2

The Postil MagazineJacques Baud: “The goal is not to help Ukraine, but to fight Putin”Thomas Kaiser of Zeitgeschehen im Fokus interviews Jacques Baud, a former colonel of the General Staff, ex-member of the Swiss strategic intelligence, and specialist on Eastern countries. He was trained in the American and British intelligence services. He has served as Policy Chief for United Nations Peace...

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Bad news. Fiscal less supportive than anticipated.

However, economy still likely to avoid recession so stocks should climb back slowly. 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/

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Links — 1 JUNE 2022 Part 1

Moon of AlabamaUkraine Bits: Casualty Numbers, Kampfgruppen, Territorial Defense Forceshttps://www.moonofalabama.org/2022/06/ukraine-bits-casualty-numbers-kampfgruppen-territorial-defense-forces.htmlIndia PunchlineBiden tweaks Ukraine narrativeM.K. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador. https://www.indianpunchline.com/biden-tweaks-ukraine-narrative/RayMcGovern.comCatch-up Reading; Oberg is excellent (you won’t find him in the NYT)Ray McGovern,...

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Sanctions Now Weapons of Mass Starvation — Anis Chowdhury and Jomo Kwame Sundaram

"It's the sanctions, stupid."Naked CapitalismSanctions Now Weapons of Mass StarvationAnis Chowdhury, Adjunct Professor at Western Sydney University and University of New South Wales (Australia), who held senior United Nations positions in New York and Bangkok and Jomo Kwame Sundaram, a former economics professor, who was United Nations Assistant Secretary-General for Economic Development, and received the Wassily Leontief Prize for Advancing the Frontiers of Economic Thought. Originally...

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Bill Mitchell — Australia National Accounts–growth moderates but wage share falls below 50 per cent

The Australian Bureau of Statistics released the latest – Australian National Accounts: National Income, Expenditure and Product, March 2022 – today (June 1, 2022), which shows that the Australian economy grew by 0.8 per cent in the March-quarter 2022 and by 3.3 per cent over the 12 months to the end of March 2022 – a decline in the growth rate. Nominal GDP grew by 10.2 per cent over the year and the change in the GDP price index (a measure of inflation) was 8.2 per cent. The data tells us...

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QT

Have to watch the QT policy effect on this number in the lower right…Unqualified Art Degree monetarist morons think if this balance is seen to reduce then “banks have less money to lend out!” in their typical reification of the scientific abstractions of regulatory Accounting … and they think it’s bearish…

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Links — 31 May 2022 Part 1

A Son of the New American RevolutionINTRODUCTION–AMERICA’S DANGEROUS NARCISSISMLarry 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/introduction-americas-dangerous-narcissism/The Dreizin ReportA rude awakening… and stale...

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