Mike Norman Economics

Taper is stimulus and rate hikes amount to nothing.

Backgrounder. The Middle East is shifting.The really amazing part is how easy it would have been for staunch adversaries like the UAE and Iran to embrace each other but for the Western interference in the intra-Gulf affairs. Kushner might not have been aware that the UAE and Iran have deep historical ties up until Imperial Britain intervened to severe them and occupy the Emirati islands. 2021 marks the one hundredth “anniversary” of Britain’s dastardly colonial act....Read "Western...

Positive interview with Mike. Transcript of highlights.ThinkAdvisorWhy MMT Haters Have It Wrong: Economist Michael NormanJane Wollman Rusoff interviews Mike Normanhttps://www.thinkadvisor.com/2021/12/02/why-mmt-haters-have-it-wrong-economist-michael-norman

Behind the scenes in the Middle East. The game is changing. Endless war is getting old. Pepe Escobar unfolds some details.The CradleRussia is primed for a Persian Gulf security 'makeover'Pepe Escobar

Interesting article on power, which is one of the key sociological concepts and in the mind of some, the chief one in analyzing a social system. This provokes the question, what is power?This is also a key concept in economics, where it appears as market power, obviously, and less obviously as the power of influence institutions that shape markets and economic behavior.One of my mentors used to say that the most important thing to understand is power. This requires viewing power relative to...

All the bullish pieces for the market are in place. Just waiting on the Senate now.

I usually use Wednesday to write less here. But because sometimes a data release is on Wednesday, Thursday then becomes my lighter day. And I also have to travel a lot today. But there is a relatively important issue to address. I have been receiving a lot of E-mails over the last several months that question me about my position on government restrictions with respect to the Covid pandemic. Apparently, it has seeped into the debate that the mainstream Left have been silent while governments...

IrrussianalityThe Russians Shall Not Have Constantinople!Paul Robinson | Professor, Graduate School of Public and International Affairs at the University of Ottawahttps://irrussianality.wordpress.com/2021/12/01/the-russians-shall-not-have-constantinople/Reminiscence of the FutureAh, The Power Of The Written Word.Andrei Martyanov, expert on Russian military and naval issues.http://smoothiex12.blogspot.com/2021/11/ah-power-of-written-word.htmlIndia PunchlineRussia, China poised to forge...

Combined with the growing possibility of a government shutdown on Friday. All three are a bad combination.

Today (December 1, 2021), the Australian Bureau of Statistics released the latest – Australian National Accounts: National Income, Expenditure and Product, September 2021 – which shows that the Australian economy contracted 1.9 per cent in the September-quarter. The annual growth rate of 3.9 per cent is relatively meaningless given the base was severely affected by the lockdowns last year. The decline in economic activity was driven by private demand, which contracted by 2.4 percentage...