Mike Norman Economics

Why monetary policy is not like a thermostat.The LensHow (Not) to Fight InflationStephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sandershttps://stephaniekelton.substack.com/p/how-not-to-fight-inflation

JPM here:Here Comes The Pivot: JPM Sees Sharp Slowdown In US Economy, "No Further Hawish Developments From The Fed" https://t.co/eE9Xpxhuvl— zerohedge (@zerohedge) January 22, 2022 Goldman here:There's a risk the Fed will tighten monetary policy at every meeting from March, Goldman Sachs economists say https://t.co/qRtaiSrYFN— Bloomberg Economics (@economics) January 23, 2022 How can 2 large firms in the industry have such opposite views?Boeing: “F=ma!”    Lockheed Martin:  “No!...

What happens when a market that has previously had a sharp, extended run declines below the 200 day moving average. Here is the historical record. It's an indecisive indicator. Outcomes depend on accompanying factors.Wolf StreetWhen a Wild Bull Stumbles into a Hibernating BearWisdom Seeker

 A summery of the evil the CIA has caused from Central America onwards. This information has fed through to the public occasionally, but they seem to forget. It just amazes me how the US gets away with it as it's all in broad daylight. The US burnt North Korea to the ground, but today only Kim Jong-un is considered evil. A country, that because of US sanctions, found it difficult to modernise, but today people think that it is Kim Jung-on who is stopping North Korea from developing. The...

Gilbert Doctorow — International relations, Russian affairs (excellent analysis by a Russian speaker.)Blinken and Lavrov meeting in Geneva: two steps forward and one step backGilbert Doctorowhttps://gilbertdoctorow.com/2022/01/22/blinken-and-lavrov-meeting-in-geneva-two-steps-forward-and-one-step-back/Sputnik International (note that this is the US negotiating for Europe instead of Europe for itself.  Qatar: difficult to make up for Russian gas. If Russian energy becomes unavailable, prices...

Who you got tonight?

The British establishment managed to spin the lie of antisemitism in the British Labour Party. The Western establishment have managed to make their populations believe that the Uyghurs were brutally thrown into concentration camps. Did you see that footage of a little girl behind a metal fence and her mother on the other side kneeling down talking to her while she sobbed her eyes out? "Separated for the re-education camps", said the headlines, but I saw footage afterwards of the mother and...

A good interview! Ukrain is discussed in the second half. Hitler stormed Russia from the Ukraine border in WW2, which caused around 20 million Russians to lose their lives, so they are rightly concerned about the security of its borders. On this episode of Going Underground, we speak to legendary journalist and filmmaker John Pilger. He discusses the scandal surrounding Boris Johnson over Downing Street parties during Coronavirus lockdowns, growing US tension with Russia over Ukraine amid...

You can read the report yourself. There's a link given. In 2020, ASPI, or the Australian Strategic Policy Institute, released a report claiming to have uncovered the widespread use of Uygur slave labor in Chinese factories. The report, Uyghurs for Sale, went on to gain huge traction in media and government circles, ultimately leading to the popular belief today that Xinjiang’s Uygur people are forced to work against their will. This has had huge ramifications, including but not limited to...

Consortium News [US finally has to make decisions that affect it too and is playing for time]UKRAINE CRISIS: US ‘Toolboxes’ Are EmptyScott 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 inspectorAntiWarGodot Likely To Arrive Before Russia Invades UkraineRay McGovern, co-founder of Veteran Intelligence Professionals for Sanity,...