Mike Norman Economics

Short piece that says don't rush to judgment. Uncertainty prevails. Wait and see.The Vineyard of the SakerNow is the time to give time to timeThe Saker

Most people are quite reasonably not concerned about economic theory disputes most of the time. But one needs to keep them in mind when keeping up with the latest events.Whenever you are reading commentaries about central banking outlooks, you need to ask yourself: are the people in the discussions using any of the mathematical models that the literally thousands of neoclassical doctorates employed by the central banks produced? If not, what exactly was the point of them? Why is it so...

The last thing a volatile stock market needs right now is more surprises from the dark corners of Wall Street. Unfortunately, we can guarantee you that more surprises are coming in the way of uncleared derivatives blowing up on the balance sheets of publicly-traded corporations.How do we know this? The information in the chart above comes from a study quietly released last July by the Office of Financial Research (OFR). That’s the federal agency that provides research to bank regulators to...

Here is the audio, transcript, and video, here is part of the CWT summary:Tyler and Stewart discuss what drives his curiosity, including the ways in which he’s a product of the Cold War, how he became a Darwinian decentralist, the effects of pre-industrial America on his thought, the subcultural convergences between hippies and younger American Indians, why he doesn’t think humans will be going to the stars, his two-minded approach to unexplained phenomena, how L.L. Bean inspired the Whole...

US sidestepped most important issue — NATO expansion.The Vineyard of the SakerREFEED: Lavrov gives statement following US response to Moscow security demandsThe Sakerhttp://thesaker.is/refeed-lavrov-gives-statement-following-us-response-to-moscow-security-demands/alsoSputnik InternationalRussian Foreign Minister Lavrov Gives Statement on US Response to Moscow Security...

We often hear the allegation that Russian President Vladimir Putin aspires to “re-create the USSR.” That is an absurd allegation. He has been quoted as saying that “anyone who does not regret the breakup of the Soviet Union has no heart; anyone who would wish to recreate it has no brain.” But even if that should be his dream, it would be, practically speaking, totally impossible to bring about.So what is his aim–in general and specifically in regard to Ukraine? Richard Sakwa has published an...

Longish analysis that goes into the details. Here is the summary.SummaryUntil the summer, the EU would likely be able to survive large-scale disruption to Russian gas supplies, based on a combination of increased LNG imports (to the limited extent this is technically possible) and demand-side measures such as industrial gas curtailments. However, this would come at a cost for the EU economy and might even result in some countries (those more exposed to Russian gas and less interconnected...

 This is pretty damning criticism of Boris Johnson: Otto English says he's an incompetent, lazy, good for nothing, barefaced liar, self indulgent, over privileged, self serving, who's only in it for himself, and the end of his political carreer can't come soon enough. [embedded content]https://youtu.be/oY4Uqsx5vAk

People have so bought into monetarism that it has become institutionalized. I consider it a sickness.

What an actual military action in Ukraine would look like based on military analysis rather than political, which is all that appears in the "news." Andrei Martyanov concurs.The Vineyard of the SakerReassessing LDNR military capabilitiesThe Sakerhttps://thesaker.is/reassessing-ldnr-military-capabilities/