Mike Norman Economics

I was going to comment on the Spring Statement delivered by the British Chancellor yesterday, but Spring is meant to be a happy, sunny time and the Statement missed the mark on that score. I also need to do some more calculations before I really know the full depth of despair that the British government is delivering on its people. So next week. Maybe. But in the spirit of calculation, I wanted to check how easy it is to get a job in Australia at present after hearing some character on the...

Looks like US oil production is stalled (Mike reporting EIA number at 11.6M for 7 weeks) until the firms and more importantly banks can get some guarantees ….Dimon coming up with a figurative “Marshall Plan” as a carve out against Democrat ESG (Extremely Stupid Girls) policies is pretty savvy.. Its an effective test for Biden people... iow if Biden people don’t go for this "Marshall Plan" thing then you know they are bull shitting and you don’t do it…Our #EFT man @SullyCNBC reporting this...

Fed can't go more than 2.5% on rates or it will have no money left to transfer to the Treasury which it must do

Dances with BearsSIMPLETON’S PRIMER ON THE LONG WAR THE US AIMS TO WAGE AGAINST RUSSIAJohn Helmerhttp://johnhelmer.net/simpletons-primer-on-the-long-war-the-us-aims-to-wage-against-russia/Oriental Review (sanctioned by the US Treasury Department)The Top Five Geostrategic Trends Of Biden’s “New World Order”https://orientalreview.org/2022/03/23/the-top-five-geostrategic-trends-of-bidens-new-world-order/Andrew KorybkoWhat Is Blocking A Peace-Agreement Between Putin & ZelenskyEric...

Here is my Wednesday news blog post which ends as usual with some music – today some consummate guitar playing. Today, I discuss the dispute about M4A in the US and clear up some misconceptions. Many think that Medicare for All is defunct in the US because the ruling party – the Democrats have essentially rejected the lobbying attempts. Some people who have associated themselves with Modern Monetary Theory have, it seems, been advocating a state-based campaign to get single-payer schemes...

Video and transcript.Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismSanctions, Energy and IndependenceMichael 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 Peking Universityhttps://michael-hudson.com/2022/03/sanctions-energy-and-independence/

AlternetRussia and NATO are 'bat-sh*t f*cking insane' to consider using tactical nuclear weapons: everyone elseCommon Dreamshttps://feeds.feedblitz.com/~/687188846/0/alternet_all/Sputnik International (Russian state-sponsored media)Russia Would Only Use Nuclear Weapons if Its Existence Was Threatened, Kremlin Sayshttps://sputniknews.com/20220322/russia-would-only-use-nuclear-weapons-if-its-existence-was-threatened-kremlin-says-1094096537.htmlThe Vineyard of the SakerDay 26 of “Operation Z”...

This is not the 1970s, where the U.S. was a large net importer of oil and Fed rate hikes went through the roof.

Moon of AlabamaLavrov's History Lesson - Germany's Downfall - Russian Forces Develop Routinehttps://www.moonofalabama.org/2022/03/lavrovs-history-lesson-russian-forces-develop-routine.htmlGilbert Doctorow — International relations, Russian affairsCracks in the mainstream narrative on the Ukraine war wide enough to drive a tank throughGilbert Doctorowhttps://gilbertdoctorow.com/2022/03/22/cracks-in-the-mainstream-narrative-on-the-ukraine-war-wide-enough-to-drive-a-tank-through/What the...

Philip Pilkington is MMT-conversant.In my view, this is not the end of dollar hegemony but the beginning of the end. As Philip Pilkington points out, countries are now forced to reconsider the dollar as a safe asset. It is unlikely to happen overnight, but it's on.American Affairs (one free article a month for non-subscibers)The End of Dollar Hegemony?Philip Pilkington https://americanaffairsjournal.org/2022/03/the-end-of-dollar-hegemony/