Mike Norman Economics

Looks like it a little bit, but we really have to get into January to see where this all flushes out. Probably not a problem for stocks.

Detailed analysis of the Russian ultimatum to the US. When reading PA, follow the links he provides.Russia ObserverWE’VE SEEN THE ULTIMATUM, WHAT IS THE “OR ELSE”?Patrick Armstrong, retired analyst and diplomat (2008) serving in the Canadian Department of National Defence specializing in the USSR/Russia from 1984 and a Counsellor in the Canadian Embassy in Moscow in 1993-1996.https://patrickarmstrong.ca/2021/12/21/weve-seen-the-ultimatum-what-is-the-or-else/See alsoGilbert Doctorow —...

Ramanan responds to Bill MitchellThe Case for Concerted ActionNeochartalists On Turkey, Part 2V. Ramanan

Where's the US LNG?India PunchlineNord Stream 2 is a double-edged geopolitical toolM. K. Bhadrakumar | retired diplomat with the Indian Foreign Servicehttps://www.indianpunchline.com/nord-stream-2-is-a-double-edged-geopolitical-tool/See AlsoSputnik InternationalGas Futures in Europe Hit New All-Time High Above $2,150 Per 1,000 Cubic Metershttps://sputniknews.com/20211221/gas-futures-in-europe-hit-new-all-time-high-above-2150-per-1000-cubic-meters-1091699523.htmlZero HedgeEurope On Edge Of...

India Punchline (out of paradigm with MMT but still interesting)Joe Biden presidency on the skids. World must take note.M. K. Bhadrakumar | retired diplomat with the Indian Foreign Servicehttps://www.indianpunchline.com/joe-biden-presidency-on-the-skids-world-must-take-note/Reminiscence of the FutureSaker Did A Good Write Up On Russian Ultimatum's OptionsAndrei Martyanov, former USSR naval officer and expert on Russian military and naval...

The problem is capitalism.Because the logic of that system evolves into what we have.Harry Braverman understood that even though he didn’t live to see the worst of what it has become.As the first step, education.Then, reclaim the state.Then evolve the production and distribution system away from one that needs to colonise every aspect of our lives with ‘markets’.…Not MMT but it is important that an MMT economist is saying it. What is the point of full employment when the tendency of...

China is building a research facility to incubate core technologies used in power generation of fusion energy that powers the sun.The facility in the pipeline, called "Comprehensive Research Facility for Fusion Technology" (CRAFT), is a platform on which engineers develop and test fusion energy reactor's key components.It is expected to be finished around 2024, according to the Institute of Plasma Physics under the Chinese Academy of Sciences (ASIPP).China has already completed the...

Rate cuts will continue. That will bring down inflation and stabilize the lira. But more has to be done. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

I have noticed a lot of Internet traffic about Modern Monetary Theory (MMT) and the situation in Turkey at present. Apparently, as the narrative goes, MMT is finally being revealed as a fraud because Turkey’s economy is going backwards and its currency is depreciating rapidly. The logic, it seems, is that if a nation enters rough economic waters and the financial markets sell its currency (although remember someone has to be buying it simultaneously) then that proves MMT is false. An...

The victory of Boric could open up a new chapter is Chile’s political economy. Indeed, there are huge opportunities for the Chilean economy to increase investment and diversify the economy. The IMF finds that even under the previous regimes there has been some development in non-mineral and technology exports. This must be the way for Chile to go.So will Boric revive the socialist experiment began by Salvador Allende in the early 1970s? So far, that seems unlikely, as Boric’s program is...