Mike Norman Economics

While inventory levels serve as an interesting measure for fundamental analysis, that measure remains irrelevant for the short term. But when inventory levels change dramatically and over a longer time frame, they can have both an impact on price and also reflect more profound changes within the market….OilpriceDwindling Inventories Could Send The Prices Of Key Metals Even HigherAg Metal Miner

Those who most flamboyantly proclaim that they are fighting fascists continue to embrace and wield the defining weapons of despotism.Glenn GreenwaldThe Neoliberal War on Dissent in the Westhttps://greenwald.substack.com/p/the-neoliberal-war-on-dissent-in

President Biden on Tuesday said that actions his administration will take to bolster the critical mineral supply chain will end the reliance on China for such materials....The HillBiden says mineral supply chain actions will help end foreign relianceAlex Gangitanaohttps://thehill.com/homenews/administration/595380-biden-says-mineral-supply-chain-push-will-end-dependence-on-china-for

One of the world’s largest liquefied natural gas exporters, Qatar, can divert only 10-15 percent of its LNG cargo contracts to other destinations, Qatari Energy Minister Saad al-Kaabi said on Tuesday amid the escalation of the Russia-Ukraine crisis, adding that replacing Russian gas deliveries to Europe in the short term is “almost impossible.”...What do the futures markets say? OilpriceRussia’s Natural Gas Will Be “Almost Impossible” To ReplaceTsvetana Paraskova

Chinese English media do not usually comment on controversial topics.Global Times (Chinese state-sponsored media)GT Voice: Ukraine crisis likely to disrupt global energy supplieshttps://www.globaltimes.cn/page/202202/1252906.shtml

Important for grasping the dynamic with respect to Russia that will likely persist for at least 20 years, unless there is another war before.While Branko Mianovic is an economist, he is also from Serbia and understands the history behind this.  Global InequalityPutin’s Century of Betrayal speechBranko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Stone Center on Socio-economic Inequality, senior scholar at the Luxembourg...

Chrystia Freeland.TK News with Matt TaibbiWhen Boring People Turn Dangerous: Canada's Insane Power GrabMatt Taibbihttps://taibbi.substack.com/p/when-boring-people-turn-dangerousSee alsoMatt Ehret's NewsletterToday's Emergencies Act, and Anti-Russian False Flags Echo the Gouzenko Hoax That Unleashed the Cold WarMatthew Ehret (Canadian)

Russia’s Energy Minister, Nikolai Shulginov, claimed that the optimal oil price would be between $55 and $70.Oil prices broke $99 this morning on the back of Russian troops entering Ukraine after Putin declared Donetsk and Luhansk independent territories.Nikolai Shulginov also claimed that Russia does not support high natural gas prices as they slow down the economy and lower demand.Saudis are the swing producer and set the price. OilPriceRussia Speaks Out Against High Oil Prices As Brent...

What was that about democracy versus authoritarianism again? The truckers just won big, just like Osama did.Jonathan TurleyCanadian Parliament Votes To Extend Trudeau’s Emergency Powers . . . After the Protest Has EndedJonathan Turley | Shapiro Professor of Public Interest Law at George Washington Universityhttps://jonathanturley.org/2022/02/22/canadian-parliament-votes-to-extend-trudeaus-emergency-powers-after-protest-has-ended/See alsoSputnik InternationalUS Senator [Rand Paul] Calls To...

Lars Syll points out another MMT critic that is apparently unaware of basic MMT literature.Lars P. Syll’s BlogMMT and ‘monetary crankery’Lars P. Syll | Professor, Malmo University