Mike Norman Economics

Last Friday (May 6, 2022), the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – April 2022 – which reported a total payroll employment rise of only 428,000 jobs and an official unemployment rate of 3.6 per cent. However, the Labour Force survey provided the opposite impression with employment and the participation rate falling. It is difficult at this stage to reconcile the two messages except to say that the US labour market has...

The Vineyard of the SakerSitrep Operation Z: Yeah, we have some Big DealsThe Saker Staffhttp://thesaker.is/sitrep-operation-z-yeah-we-have-some-big-deals/A Son of the New American RevolutionCIA Ineptitude, Russian Cauldrons and the Ukrainian MafiaLarry 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...

Economic life as experienced was increasingly pushed out of view to make the chosen methods work.Tractability over realism.EvonomicsHow There’s More to Economics Than the Science of ScarcityNicholas Gruen, CEO of Lateral Economicshttps://evonomics.com/how-theres-more-to-economics-than-the-science-of-scarcity/

RayMcGovern.comOnly If the News Fits [the Narrative], Do We Print [It]Ray McGovern, co-founder of Veteran Intelligence Professionals for Sanity, and retired 27-year career CIA whose tasks included preparing and briefing The President’s Daily Brief and leading the Soviet Foreign Policy Branchhttps://raymcgovern.com/2022/05/07/only-if-the-news-fits-do-we-print/CaitlinJohnstone.comUkraine Alone Makes Biden The Worst US President In A Long Time (maybe ever. What other president has been so...

The Vineyard of the SakerMegalopolis x Russia: Total WarPepe Escobarhttp://thesaker.is/megalopolis-x-russia-total-war/The Third Patriotic WarSt George’s Day Contribution by Batiushka for The Saker Bloghttp://thesaker.is/the-third-patriotic-war/The American ThinkerIs the American Postmodern Left a Fascist Movement? (MMT is a component of "Leftist Fascism"?)Stephen B. Younghttps://www.americanthinker.com/articles/2022/05/is_the_american_postmodern_left_a_fascist_movement.htmlInternationalist...

Lithium has now established its position as a key part of the energy industry’s future, and the race to secure supplies of this critical metal is heating up.One potential source of new lithium is on the California-Mexico border, with the California Energy Commission believing it could supply 40% of the world’s lithium demand.Meanwhile, in Argentina, the search is underway for new lithium resources as the country attempts to expand the Lithium Triangle and secure its slice of the...

Just checked today. Federal budget still in surplus this month by $31 bln. Continues to drain liquidity from markets.

Weekend reading if you have not already read these articles by Jacques Baud. Col. Baud is on the same page with Col. Doublas Macgregor, Scott Ritter, Larry Johnson, Andrei Martyanov, and Andrei Raevski (The Saker), all of whom largely agree but differ in some of the details. Jacques Baud is 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...

The tail end of my three-part discussion of banking (link) ended with the argument that the circular nature of funding flows means that they do not represent a constraint on debt growth, instead the willingness (and ability) to absorb credit risk is the constraint. If we accept this, there is an important implication for our ability to forecast recessions that are driven by a contraction in “animal spirits.” I outlined this argument in the first volume of my (planned) two part texts on...

The Vineyard of the SakerTerror from Balochistan: a menacing tool to disrupt Sino-Pakistani economicsCrossposted from The CradlePepe Escobarhttp://thesaker.is/terror-from-balochistan-a-menacing-tool-to-disrupt-sino-pakistani-economics/Sitrep: Russia is too slow, and other canardsAmarynthhttp://thesaker.is/sitrep-russia-is-too-slow-and-other-canards/Russian Sanctions on Europe: Gonzalo Lira IIhttp://thesaker.is/russian-sanctions-on-europe-gonzalo-lira-ii/Moon of AlabamaU.S. Pushes Fake...