Mike Norman Economics

You had to know this was coming…POWELL: 75 BPS INCREASES NOT SOMETHING CONSIDERING— *Walter Bloomberg (@DeItaone) May 4, 2022 IOR was adjusted to 0.9% with the policy rate increase yesterday …. if they soon did 2 increases of 0.75% each that would put IOR at 2.4% and 2.4% on the $6T of balances they owe the support rate on would create  a current liability of $144B annual and they currently only achieve about $110B of annual gross revenues…. They would become insolvent…Therefore can’t happen...

Alan Kohler speaks with one of the founders of modern monetary theory, Warren Mosler, to take us through 'the money story' and the origins of modern monetary theory, how it applies to the COVID-19 pandemic, and his own journey as a successful bond trader and fund manager, where he put into practise his ideas of modern monetary theory....Eureka Report'The money story' told by a father of MMTAlan...

Unintended consequences.European Union will be able to meet the targets for filling gas storage facilities only if two-thirds of the Russian gas only if industrial enterprises are disconnected from blue fuel in the spring and summer. This information was shared by the German magazine Der Spiegel.According to the model of the Jülich Research Center, such a scenario can only be realized if a “tough step” is implemented: the EU will need to limit gas supplies to industry in the spring and...

The power to decree what is "disinformation" now determines what can and cannot be discussed on the internet. It is now in the hands of trained disinformation agents of the U.S. Security State.Totalitarian. But you knew it was coming when the Internet provided an open forum. It was just a matter of time before the ruling elite established narrative control again. That process was obviously well along when a sitting president can be banned from the most influential social media...

Fed rate hike was totally baked in and meaningless. More important, the drag from April tax deposits is over. Recovery in economy and market on the way. 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 reported test comes on the heels of an emergency conference involving Chinese state regulators and major domestic and foreign banks last month discussing how the Asian nation’s assets could be protected if the US imposed Russia-style restrictions on the People’s Republic....Sputnik International (Russian state-sponsored media)Beijing Reportedly Conducted Massive ‘Stress Test’ Modeling Impact of Russia-Style Sanctions on...

CaitlinJohnstone.comThe Most Joe Biden Thing Ever: Notes From The Edge Of The Narrative MatrixCaitlin Johnstone https://caitlinjohnstone.com/2022/05/04/the-most-joe-biden-thing-ever-notes-from-the-edge-of-the-narrative-matrix/India PunchlineMake hay while sun shines — Indian, Chinese waysM. K. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassadorhttps://www.indianpunchline.com/make-hay-while-sun-shines-indian-chinese-ways/The Vineyard of the SakerSergey...

Overuse of sanctions by the US could discourage other countries from transacting in the Dollar in the first place, a risk that US officials are well aware of. Former Treasury Secretary Jacob Lew said in 2016 that the US “must be conscious of the risk that overuse of sanctions could undermine our leadership position within the global economy, and the effectiveness of our sanctions themselves… if they excessively interfere with the flow of funds worldwide, financial transactions may begin to...

So, I was wrong. I thought the Reserve Bank of Australia (RBA) would hold the line on interest rates this month after telling all and sundry that they would be waiting until there was evidence of accelerating wages growth. They also lured thousands of first-home buyers into a hot property market on that promise, allowing the commercial banks to push mortgage debt onto these borrowers, sometimes at rates of six times the borrower’s income (massively overindebted in other words). The RBA also...

 Sell Mortimer! Sell!!!! Who’s going to buy them now????  🤪Fed’s holdings of Bills being redeemed this week:Fed’s holdings of Notes and Bonds being redeemed this week:No purchases last two weeks:SOMA balance down $15B last week and looks like A LOT more this week:Oh no! They’re draining the money supply!  😂Art Degree moron unqualified douchebag hijinx proceeding apace..  🍿🍿🍿