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Mike Norman Economics

Links — 25 June 2022

A Son of the New American RevolutionEven the UK’s Sky News is Reporting on the Ukrainian Debacle in the Donbashttps://sonar21.com/even-the-uks-sky-news-is-reporting-on-the-ukrainian-debacle-in-the-donbas/Understanding the Ukrainian SS Galicia Division Helps explain UK and Canadian support for Ukraine (Larry does not mention the US and Canadian Ukrainain lobbies in this article or the part that Ukrianians played in the Russiagate soft coup and subsequent attempts to undermine Donald Trump's...

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Links — 24 June 2022

Moon of AlabamaUkraine SitRep - Zolote Cauldron Closes - Lysichansk Blockedhttps://www.moonofalabama.org/2022/06/lysichansk.htmlAsia TimesUkraine – the situation June 24, 2022Uwe Parparthttps://asiatimes.com/2022/06/ukraine-the-situation-june-24-2022/The Dreizin ReportLisichansk sector disintegratingJacob...

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Big rally today, but fiscal drain stubbornly continues.

Another fiscal drain yesterday. Market bottomed last week as I forecast, but the rise from here will be frustratingly slow. 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 — 23 June 2022 Part 2

Reminiscence of the FutureI Respect Douglas MacGregor, But... ("The assertion that Russia's SPRN (missile attack early warning system) is somehow "nowhere near" the American one is dead wrong." Andrei goes through the numbers. Here is a link to Col. Douglas Magregor's statement to which Andrei refers.)Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues.http://smoothiex12.blogspot.com/2022/06/i-respect-douglas-macgregor-but.htmlThe Vineyard of the...

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Market turned the corner. Headed higher.

We're past the liquidity drain period. Flows are positive. Market headed higher. 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 — 23 June 2022 Part 1

CaitlinJohnstone.comPeople Don’t Think Hard Enough About What Nuclear War Is And What It Would MeanCaitlin Johnstonehttps://caitlinjohnstone.com/2022/06/23/people-dont-think-hard-enough-about-what-nuclear-war-is-and-what-it-would-mean/  A Son of the New American RevolutionRussian Success in the Donbas AcceleratesLarry C. Johnson | CEO and co-founder of BERG Associates, LLC, an international business-consulting firm with expertise combating terrorism and investigating money laundering,...

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Bill Mitchell — Taxation is an indispensable anti-inflation policy tool in Modern Monetary Theory

There was an unedifying and fairly undignified war on Twitter recently about whether Modern Monetary Theory (MMT) economics advocate using taxes to deal with inflation. Like all these Twitter ‘debates’, the opening proposition was a ‘gotcha’ attempt that was correct from one angle but then missed the point when it was applied to whether MMT is a valid framework or not. The responses from the MMT ‘activists’ were also overly defensive and reflected the fact that they had fallen for the...

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Exile on Main Street: The Sound of the Unipolar World Fading Away — Pepe Escobar

Let’s cut to the chase and roll in the Putin Top Ten of the New Era, announced by the Russian President live at the St. Petersburg forum for both the Global North and South.The era of the unipolar world is over.The rupture with the West is irreversible and definitive. No pressure from the West will change it.Russia has renewed with its sovereignty. Reinforcement of political and economic sovereignty is an absolute priority.The EU has completely lost its political sovereignty. The current...

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Mixed Bag June 22 — US Naval Attache, West’s Russia “experts”, short Q&A (Lithuania, Donetsk) — Andrei Martyanov (video 24:06)

[embedded content]Mixed Bag June 22 — US Naval Attache, West's Russia "experts", short Q&A (Lithuania, Donetsk)Andrei Martyanov, former USSR naval officer and expert on Russian military and naval issues. Martyanov was born in Baku, USSR in 1963. He graduated from the Kirov Naval Red Banner Academy and served as an officer on the ships and staff position of Soviet Coast Guard through 1990. He took part in the events in the Caucasus which led to the collapse of the Soviet Union. In...

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More tax related liquidity drain! $118 bln sucked out since June 10.

April was a huge hit. May, we started to get some relief, but only in the second half of the month. Then, WHAM! we just got hit again with more gargantuan tax driven liquidity drain. Market cannot rally with this. 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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