Mike Norman Economics

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...

For years, students have been taught that fiscal policy is an ineffective policy tool to regulate fluctuations in national income derived from changes in spending and saving decisions in the non-government sector. This narrative justified the austerity purges that we have become accustomed to pre-pandemic. The elevation of the fiscal surplus to some desired goal has been instilled in our minds and we have voted to support governments that record these surpluses because we have thought they...

Peppermint Patty is partially correct here US output was 13.5M without Keystone pipeline pre Covid lockdowns…. Covid lockdowns now apparently ending…. Perhaps US output could just return to pre-Covid rates now with everyone going back to work…. This is not the consensus view though…PSAKI: "The reason why the price of gas is going up is not because of steps the president has taken, they are because Putin is invading Ukraine."Gas prices rose $1.14 from Biden's inauguration to the day Putin...

 If it agrees to the Eastern regions becoming Russian states and recognises Crimea as a Russian state too.I think it's a good deal. East and West Ukraine don't like each other and feel that they are different countries, so they might as well separate. Then Western Ukraine can rebuild its economy to European standards, producing a fabulous and wealthy country. Its won't be a small country, even without the Eastern parts, but there see many small and medium sized countries in Europe which have...

Biden in 1997 saying that the only thing that could provoke a "vigorous and hostile" Russian response would be if NATO expanded as far as the Baltic [embedded content]

The Vineyard of the SakerMajor military and political developments and major risks nextThe Sakerhttp://thesaker.is/major-military-and-political-developments-and-major-risks-next/Consortium NewsPity the NationScott Ritter, former US Marine Corps intelligence officer, serving in the Soviet Union as an inspector implementing the INF Treaty, on General Schwarzkopf’s staff during the Gulf War, and from 1991-1998 as a UN weapons...