Mike Norman Economics

The Vineyard of the SakerMap of the day + OPEN THREAD (Russia's territorial objectives close to complete?)The SakerCaitlinJohnstone.comThe US Chose This Conflict: Notes From The Edge Of The Narrative MatrixCaitlin Johnstonehttps://caitlinjohnstone.com/2022/03/09/the-us-chose-this-conflict-notes-from-the-edge-of-the-narrative-matrix/The HillSaudi, UAE leaders declined calls with Biden amid Ukraine conflict: report (who is isolated?)Lexi...

Naked CapitalismDiscerning Volodymyr Zelensky (Lambert does a brillian job of cutting to the chase about Ukrainian politics and billionaire corruption of it.)Lambert Strether of Correntehttps://www.nakedcapitalism.com/2022/03/discerning-volodymyr-zelensky.htmlZero HedgePutin Signs Countermeasure Decree Limiting Russian Exports After Biden's Russian Oil Import Ban (Russia's own...

Putin's decree banning Russian commodity and raw material exports until 2023 could boost oil to $250 to $300 and trigger a global depression.

 U.S. Under Secretary of State Victoria Nuland says Washington is working with Ukraine to prevent biological research facilities from falling into Russian hands. She just confirmed every conspiracy theory about the existence of those labs. Twitter https://t.co/ynkd7hW6iK[embedded content]

I have seen a fair amount of chatter about currency regime shifts. Although such an event may be happening, there is no particular reason to get too excited about it from the perspective of the developed countries....Bond EconomicsCurrency Regime Shift Effects Over-RatedBrian Romanchuk

India PunchlineUkraine faces defeatM. K. Bhadrakumar | retired diplomat with the Indian Foreign Servicehttps://www.indianpunchline.com/ukraine-faces-defeat/Moon of AlabamaDisarming Ukraine - Day 13 - Lies Do Not Win Warshttps://www.moonofalabama.org/2022/03/disarming-ukraine-day-13-lies-do-not-win-wars.htmlGilbert Doctorow — International relations, Russian affairsSpeaking Truth to Power: Ukraine-Russia War Separates the Sheep from the Goats Gilbert...

Zero HedgeA Surprising Explanation Of Russia's Invasion From A Former Top-Level CIA OfficialTyler Durdenhttps://www.zerohedge.com/geopolitical/stunning-admission-ukraine-former-top-level-cia-officialCounterpunch (2 Mar 2022)How the Narcotic of Defense Spending Undermines a Sensible Grand StrategyFranklin "Chuck" Spinney, former military analyst for the Pentagonhttps://www.counterpunch.org/2022/03/02/how-the-narcotic-of-defense-spending-undermines-a-sensible-grand-strategy/Hankyoreh (South...

Brief statement of Russian financial policy on capital control, i.e., cross-border financial flows.AwaraWestern Sanctions and Retaliatory Restrictions by Russiahttps://www.awaragroup.com/blog/sanctions-and-limitations-2022/

Not enough to result in recession yet absent other factors.The current spike in gas pricesNewDealdemocrathttps://angrybearblog.com/2022/03/the-current-spike-in-gas-prices#utm_source=feedly&utm_medium=rss&utm_campaign=the-current-spike-in-gas-prices

Another factor that is going to drive up the cost of food is soaring energy prices.By the end of 2022, we are going to witness very serious shortages of food in many parts of the globe. In fact, World Bank President David Malpass is openly admitting that we are now facing “a huge supply shock” as a result of the war in Ukraine. Of course we were already moving into a global food crisis even before the war erupted. According to the UN, worldwide food prices in February 2022 were 20.7...