Mike Norman Economics

Reaction: "Eat the rich."Zero Hedge"Put On Your Seatbelts": BlackRock CEO Warns Over 'Scarcity Inflation'Tyler Durdenhttps://www.zerohedge.com/markets/put-your-seatbelts-blackrock-ceo-warns-over-scarcity-inflation

Let's just say that the situation is fluid, as the post shows. Standing of principle sounds fine, but the foundation of principle is sand, not granite.Zero HedgeGermany Scrambles To Ration Gas After Refusing To Make Payments In RublesTyler Durdenhttps://www.zerohedge.com/energy/germany-scrambles-ration-gas-after-refusing-make-payments-rublesSee also at ZHEuropean leaders have grown quite fond of bandying about the notion of liberating their economies from their dependence on Russian oil and...

I have been slowly getting back into things, and been thinking about what to write next. Based on a conversation with Gabriel Mathy on Twitter, I just want to quickly discuss how term premia ought to be measured. I think I have mentioned this before, but I felt like running through the arguments briefly again. I then have a few other unrelated comments to fill out this article....Bond EconomicsMeasuring Term Premia (And Other Comments)Brian...

Given that the war in Ukraine is the focus of a massive propaganda operation in the West, it’s telling that it’s fading a bit from attention, either by design or a need to regroup. While the business press still gives the war top billing due to the fact that energy supplies and pricing around the globe are very much in play, the level of discussion on Twitter in the last couple of days has dropped dramatically. Similarly, I don’t check into Daily Mail religiously, but not all that long ago,...

All this suggests is that the shift in international currency strength after the Ukraine war will not into some West-East bloc, as most argue, but instead towards a fragmentation of currency reserves; to quote the IMF: “if dollar dominance comes to an end (a scenario, not a prediction), then the greenback could be felled not by the dollar’s main rivals but by a broad group of alternative currencies”. That may have even worse consequences for world peace and for the smooth expansion of the...

Transcript.Popular Resistance“Dollar Hegemony Ended Last Wednesday”: Michael Hudson Interviewed by Margaret Flowers on Clearing the Foghttps://www.nakedcapitalism.com/2022/03/dollar-hegemony-ended-last-wednesday-michael-hudson-interviewed-by-margaret-flowers-on-clearing-the-fog.html

Last night (March 30, 2022), the Federal Treasurer released the annual ‘fiscal statement’ (aka ‘The Budget’), which revealed to everyone how cynical these exercises have become. The statement is normally released in May but the Federal government has to go to the polls then and they are so far behind the Opposition Labor Party in the opinion polling that they decided to bring forward the fiscal statement as a last ditch attempt to bribe the voters with pennies. I hope it doesn’t work. This...

Scott Ritter@RealScottRitter1/ Big Arrow War—a primer. For all those scratching their heads in confusion, or dusting off their dress uniforms for the Ukrainian victory parade in Kiev, over the news about Russia’s “strategic shift”, you might want to re-familiarize yourself with basic military concepts.2/ Maneuver warfare is a good place to start. Understand Russia started its “special military operation” with a severe manpower deficit—200,000 attackers to some 600,000 defenders (or more)....

The Vineyard of the SakerRussian Special Military Operation (SMO) – Day 33The Sakerhttp://thesaker.is/russian-special-military-operation-smo-day-33/Sitrep: Operation ZNightvision for the Saker Bloghttp://thesaker.is/sitrep-operation-z/Moon of AlabamaUkraine SitRep - Part II Of Russia's Military Operation Unfoldshttps://www.moonofalabama.org/2022/03/ukraine-sit-rep-part-ii-of-russias-military-operation-unfolds.htmlReminiscence of the FutureFew Items. Tuesday.Andrei Martyanov, former USSR...

[embedded content] Colonel Douglas Macgregor - Part Of The Problem with Dave Smith