Mike Norman Economics

President of the Russian Federation (a detailed indictment of the US)Address by the President of the Russian Federation – February 24, 2022http://thesaker.is/address-by-the-president-of-the-russian-federation-february-24-2022/Moon of Alabama (sitrep)Disarming Ukraine - Day 1https://www.moonofalabama.org/2022/02/disarming-ukraine-day-1.htmlThe Vineyard of the SakerFrom the Black Sea to the East Med, do not poke The Russian BearPepe...

Classic buy the rumor sell the news. I called it yesterday.

Of course, "Anything we can do to them, they can do to us," said one anon official, who says that decisionmakers anticipate that Russia will retaliate - 'likely with Colonial Pipeline-style attacks that seek to hurt American consumers' ….Zero HedgeBiden Presented With 'Menu' Of Options For 'Massive Cyberattacks Against Russia'Tyler Durdenhttps://www.zerohedge.com/geopolitical/biden-presented-menu-options-massive-cyberattacks-against-russiaSee alsoMaybe, but since such cyberattacks are...

Speculation on economic consequences.Bond EconomicsWar In EuropeBrian Romanchuk

Professor John J. Mearsheimer is the R. Wendell Harrison Distinguished Service Professor of Political Science at the University of Chicago, where he has taught since 1982. He graduated from West Point in 1970 and then served five years as an officer in the U.S. Air Force. He has published six immensely influential books on international relations theory. In 2020, he won the James Madison Award, which is given once every three years by the American Political Science Association to “an...

Open thread if you are following developments. Seems to be going pretty much as Andrei Martyanov and Andrei Raevsky (The Saker) foresaw. Russia appears to be taking down the Ukrainian military at the outset, but difficult to tell much through the fog of war at this point. US and NATO bloviating.Reminiscence of the FutureIt Started. Breaking News.Andrei Martyanov, former USSR naval officer and expert on Russian military and naval...

What happens when you don't listen.PoliticoPutin’s nuclear optionBeatrice Fihn

But the West has pushed Putin into an alliance with China. It is perhaps the dumbest thing the Western powers have ever done. It could be the last.The rest of the article explains why. ( David P. Goldman doesn't even go into the nitty gritty like Chinese ability to mass produce Russian advanced weaponry.)Asia TimesBiden throws Putin into Xi’s briar patch*David P. Goldmanhttps://asiatimes.com/2022/02/biden-throws-putin-into-xis-briar-patch/*briar patch reference

As Russian President Putin announces a "special military operation" in Ukraine and warns of "consequences" for foreign interference, global markets are turmoiling....Zero HedgeGlobal Markets Unravel As Putin Launches "Military Operation"Tyler Durdenhttps://www.blogger.com/blog/post/edit/2761684730989137546/6728711296994593921#RelatedPutin remarked that the NATO-allied war machine supporting 'Neo-Nazis' in Ukraine is moving and closely approaching Russia's borders."Nazi" has a different...

Yesterday (February 23, 2022), the ABS released the latest – Wage Price Index, Australia – for the December-quarter 2021. The WPI data shows that nominal wages growth remained modest to say the least. The data shows that the significant cuts to workers’ purchasing power continue, and, in my view, constitute a national emergency. While the conservatives are railing about inflation now and looking to target workers’ wages (further cuts), the evidence is that the wages side is not driving any...