Mike Norman Economics

CaitlinJohnstone.comEmpire News Roundup: Latin American Sovereignty, Anatoly Shariy And Morehttps://caitlinjohnstone.com/2022/05/05/empire-news-roundup-latin-american-sovereignty-anatoliy-shariy-and-more/On Psychopathy, Power, Empire And Egohttps://caitlinjohnstone.com/2022/05/06/on-psychopathy-power-empire-and-ego/Caitlin JohnstoneZero HedgeUS Intel Assisted In Sinking Russian Flagship Vessel: Officials Claim Bombshell EscalationTyler...

China may be looking to tighten its rare earth export control laws, and that could make supply even scarcer.The regulations, which have been loosely enforced over the past two years, are in line with the “total national security outlook” policy of President Xi Jinping.The United States is racing to ramp up domestic rare earth supply to help ease its dependence on Chinese resources.OilpriceRare Earths Supply Is About To Get Much TighterAg Metal...

In sum: slowing growth, rising inflation and interest rates, falling financial returns; rising risk of defaults on loans; and war.Lot of numbers. Michael Roberts Blog — blogging from a marxist economistMichael Roberts – It’s not looking good for 2022Michael Roberts

The president of Mexico, Andrés Manuel López Obrador, has expressed his intentionto form an alliance with Bolivia, Argentina, and Chile, in order to promote mutual collaboration on lithium.Internationalist 360ºMexico Calls for Latin American Lithium AllianceKawsachun News

This is a very well written article. James K. Galbraith is MMT-friendly.The multipolar financial world is here. The United States can survive it – but only with major political and economic changes at home. It’s time to start thinking about what those need to be.…Brave New WorldJames K. Galbraith – The Dollar System in a Multi-Polar WorldJames K. Galbraith | Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government at the Lyndon B. Johnson School of Public...

Using the swimming pool analogy for hte economy, the April tax haul was the equivalent of draining all the water (yes...real liquidity) out of the pool. Luckily, the drain is plugged and the water is flowing back in again, but it will take time to fill up. 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/

Moon of AlabamaUkraine's Forces Are Told To Hold The Line Where Russian Artillery Is Pulverizing Themhttps://www.moonofalabama.org/2022/05/ukraines-forces-are-told-to-hold-the-line-where-russian-artillery-is-pulverizing-them.htmlDances with BearsTHE LAST DITCH IS POLAND – RUSSIA’S PHASE-3 PLAN FOR WESTERN UKRAINEVlad Shlepchenko, introduced & translated by John Helmer, Moscowhttp://johnhelmer.net/the-last-ditch-is-poland-russias-phase-3-plan-for-western-ukraine/A Son of the New American...

The Biden Administration will purchase 60 million barrels of crude in Q3.CNN: Delivery of those first 60 million barrels would be paid for with revenue received from sales of emergency oil.The full process for replenishing the SPR will take years.OilpriceOil Prices Top $111 As Biden’s SPR Buyback Plan LeaksCharles Kennedy

Yves here. It’s gratifying to see Philip Pilkington, who wrote some fine pieces for this humble blog before landing at a major investment firm, back to writing articles for the general public. Here, with co-author Brett Palatiello, Pilkington takes on the old canard of the loanable funds theory and demonstrates that it’s irrelevant to setting of long-term interest rates. For those not familiar with it, the “loanable funds” theory stipulates that there is a pool of savings from which loans...

Yesterday, I commented on Tuesday’s RBA interest rate rise. I wasn’t complementary. In the last two days, more data has been released since the decision, which further suggests that the RBA erred. It also suggests that part of the housing problem everyone is focused on is not due to lax monetary policy, which is the mainstream mantra, but is, rather, due to flawed tax policy. So, we have seen housing loan demand in decline and building approvals plummetting in the last month, a sign that the...