Mike Norman Economics

De-dollarization resulting from weaponization of the USD.Sputnik InternationalRussia Dumps $900 Million More in US Treasuries as Total Investment Hits Historic Low

Each side view the others as the aggressor.  Same with Russia and US/NATO.Asia Times Textbook dilemma traps US, China in a war spiral - Asia TimesDenny Royhttps://asiatimes.com/2022/01/textbook-dilemma-traps-us-china-in-a-war-spiral/

The Wealthiest 10% of Zip Codes Provide 67% of ‘Maxed Out’ Contributions to Congressional Candidates, and the Richest 1% of Zip Codes Account for 25% Taylor Lincoln January 18, 2022Quid pro quo?Public Citizen (PDF download)The Well of CongressTaylor LincolnJanuary 18, 2022

I received a comment from a reader of my blog (“Lawrence”) that pointed out an article by Jonathan D. Church of the Bureau of Labor Statistics that discussed breakeven inflation implied forecast accuracy (link). The idea is that we want to compare inflation breakeven rates to what inflation is realised over the life of the bond (what the breakeven inflation rate is the expected value of).I discussed this topic in greater length in Section 3.5 of my book Breakeven Inflation Analysis. The...

Dick Bove takes the cake on this one. He even makes Schiff look smart.

Polish economist Michal Kalecki is often linked with the “Keynesian revolution,” but Kalecki’s view of capitalism was much more radical than Keynes’s. His ideas are a vital tool for understanding how the system works, and how it might be overcome.…Good read.JacobinMichal Kalecki and the Politics of Full EmploymentJan Toporowski | professor of economics and finance at SOAS, University of Londonhttps://jacobinmag.com/2022/01/michal-kalecki-keynes-full-employment-political-economy/

Bracing Views (follow the money)Stop the MADnessW. J. Astore, Lieutenant Colonel (USAF ret.), taught at the Air Force Academy, the Naval Postgraduate School, and currently at the Pennsylvania College of Technologyhttps://bracingviews.com/2022/01/18/stop-the-madness/Oriental ReviewWashington Refuses To Hear Russia And China – OrientalReview.orgThierry Messanhttps://orientalreview.org/2022/01/18/washington-refuses-to-hear-russia-and-china/Spiegel OnlineThe West and the Ukraine Crisis: It’s...

I read an article in the Frankfurter Allgemeine Zeitung (FAZ) yesterday (January 16, 2022) – Ich hoffe auf Deutschland – which made me laugh really. Comedy in absurdity. It also told me that the forces in Europe are firmly against any major progressive change. I considered this issue last week in this blog post – German threats of exit rely on the ignorance of others reinforced by Europhile progressives (January 11, 2022). I know progressives thought that the invocation of the Stability and...

Daniel P. Goldman reviews The Strategy of Denial by Elbridge A. Colby — and pans it as delusion. (The same applies to the neocons.)Law & LibertyCan We Contain the Dragon?Daniel P. Goldmanhttps://lawliberty.org/book-review/can-we-contain-the-dragon/

While everyone has been selling, banks have been stepping up and buying Treasuries in a big way.