Mike Norman Economics

I was motivated to write this post partly to [looks heavenward piously] correct the record, partly to defend the blogosphere’s importance, then and now, and partly to defend the honor of my own blogs, Naked Capitalism and (then) Corrente. I was also, quite frankly, shocked at New York Magazine’s sloppiness, and I hope any Google search brings up this post along with it.More importantly, however, dear members of the NC commentariat, Beowulf’s Coin began as a comment, and was nurtured by...

Bond Economics Sellers' InflationBrian RomanchukNaked CapitalismMichael Hudson at Global University, Hong Kong, on Ukraine, Europe, China, and the Dollar’s FutureMichael Hudson in discussion with Kin Chi Lau, Global University, Hong Kong, June 5, 2023The CradleHow the BRI train took the road to Shangri-La Pepe EscobarArmstrong EconomicsPlot to Seize Russia Makes #1 Book on AmazonMartin ArmstrongIndia PunchlineThe rise and rise of far-right in Germany [politics and economics]MK. Bhadrakumar |...

Strategic Culture Foundation (sanctioned by the US Treasury Department)The Hegemon Will Go Full Hybrid War Against BRICS+Pepe EscobarNaked CapitalismMichael Hudson on the US Economy – Surprisingly Resilient or Potemkin Village? [video and transcript]Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at...

Many investors short term bearish on a reduction of their figure of speech “liquidity!”…Druckenmiller is 100% spot on here 👇 pic.twitter.com/1LGMs9FXqM— Financelot (@FinanceLancelot) June 10, 2023 What could neuter a new bull market? A recession that knocks down earnings would be a big one, of course. But the more immediate concern is liquidity.With the debt ceiling finally passed, the Treasury is expected to issue at least $1.2 trillion in T-Bills, with half of that…...

"Capitalism" in the title of the post should be in quotes. Actual capitalism is highly efficient. The problem with it is that it favors capital and leads to social and political disruption. True capitalism is not practiced in the so-called capitalist world. Rather, the monopoly capitalism and financial capitalism that are dominant are centered on rent-seeking and rent extraction rather than on profitmaking from economic contribution based on the cycle of production, distribution, and...

Art degree moron fest finally over… Now let’s see what happens…President Joe Biden’s signature of legislation suspending the federal debt ceiling has given the Treasury Department the green light to resume net new debt issuance https://t.co/F7sKoSNIeq— Bloomberg Markets (@markets) June 4, 2023  Consensus is bearish on the imminent Art degree figure of speech “liquidity drain!”…Wall Street is warning markets aren't ready for a tsunami of Treasury issuance now that the debt-ceiling deal is...

The Cantillon Effect is the label applied to a process described in Richard Cantillon’s , «Essai sur la nature du commerce en général», published in 1755. (One English translation of the title is “An Essay on Economic Theory.”) The basic premise is that an initial inflow of money will raise prices as the original recipients of the money spend it, which will then raise other prices as the “new money” enters others’ hands.Bond Economics Primer: The Cantillon EffectBrian Romanchuk...

-$16B per month net fiscal flow starting Aug 1st… more regressive fiscal policy on top of regressive interest rate policy… Brandon’s economic polls should take another hit…Student loan repayments are about to start again on August 1st, after 3 years of being able to skip without penalty.40 million people paying an average ~$393 per month each will be pulled from the economy in discretionary spending.Should be interesting to see how this plays… pic.twitter.com/MLYSX72IC6— Wall Street Silver...

June ‘22 CPI was 296 on a impulse increase due to Brandon’s Russia sanctions…  if we can get a May flat M/M then YoY is 296 to 303… 7/296 = 2.4% which is back to normal…Will this effect the Art degree morons thinking on their figure of speech “inflation!” ?Who knows with these deranged people…

Sorry to be late with this but I am still digging out from under the pile I accumulated while away.Short comment on the misinformed controversy swirling around the debt ceiling.New Wayland (28 May 2023)Sophistry or Shibboleth? - "Printing Money"NeilW