Mike Norman Economics

I had a friend who was a gifted S&P trader. I once asked him how he did it. He said, he tries to think of what would cause the most pain to other traders, and he did that.

Fed policy will lead to much stronger earnings for the banks.

For every action there is a reaction. There's two f*cking sides to a balance sheet!

Same behavior over and over again. Like Pavlov's dogs.

Moon of AlabamaIf The Pentagon Can Not Confirm The Bucha Tales, Who Can?https://www.moonofalabama.org/2022/04/if-the-pentagon-can-not-confirm-the-bucha-tales-who-can.htmlThe Vineyard of the Saker Press Briefing by Permanent Representative Vassily Nebenzia on the situation in the town of Bucha (Kiev Region) and related mattersThe Sakerhttp://thesaker.is/press-briefing-by-permanent-representative-vassily-nebenzia-on-the-situation-in-the-town-of-bucha-kiev-region-and-related-matters/Dreizin...

[embedded content]West's FateAndrei 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 mid-1990s he moved to the United States where he currently works as Laboratory Director in a...

[embedded content]Gonzalo LiraVery Quick Streamhttps://youtu.be/A6MLeKPc-kA

Neoliberal governments and their supporters have a habit of spruiking gee whiz solutions to the world’s problems, where gee whiz means make it easier for corporations to make profits and harder for workers to get pay rises, claiming that the destiny of individuals is in their own hands (denying systemic failures), and reducing regulations that ensure equity is enhanced. Australia added another dimension to that list (which is not exhaustive) – being mean spirited when it comes to the less...

Note: this is an unedited first draft from my manuscript with a working title “What is Inflation?” This book is aimed to be a primer that acts an introduction to inflation, without being tied to any theory that predicts inflation. The reason is that online discussions of inflation invariably have a lot of superstitions that need to be dealt with before we even get to the thornier questions of inflation theory. This section is from a chapter at the end of the book that deals with the issue of...

Story from LAST year…. Not seeing any stories this year about the same thing… hmmmmm… 🤔The Fed said that its earnings were up $33.1 billion last year, a gain that reflected falling interest rates which meant the central bank paid commercial banks less in interest payments on bank reserves that the Fed requires them to keep.Gee I wonder how much the Fed will have to pay commercial banks and the others this year under  an increasing rate policy? 🤔…   that monetarist Bullard guy there wants...