Mike Norman Economics

Backgrounder.The Vineyard of the SakerEmpire warns Brazil: it’s our NATO way or HuaweiPepe Escobar and Quantum Bird

China acts in the public interest, effectively banning cowboy capitalism. ZH hates it. Wall Street reacts to the party being over as Chinese regulators step in, sees some downside but good in the long run as a stabilizer. Neither seems to have figured out that Chinese authorities have seen what has happened in the West and want no part of such self-inflicted disasters, or they aren’t saying.Zero HedgeWall Street Reacts To China's Latest Regulatory Masterplan Which Spells Pain For The Next...

 Of interest only to those interested in the development of Karl Marx as a philosopher and public intellectual rather than as an economist. When I was a grad student in philosophy, I read duly read some Marx, but he was not high on my list. I never read Capital and still haven't other than some selections. Marx is actually considered a philosopher rather than an economist. The other two of the big three were not economists either. Smith was a philosophy professor who ventured into political...

There are calls for the Reserve Bank of Australia to be forced to undergo a major review of its operations, given that it has failed to achieve its own stated inflation targets for many years now. The RBA is resisting that call. The Australian Labor Party, which is in opposition at present, is trying to politicise the issue by claiming it will review the RBA once it becomes government. The problem is that the call to review the RBA is being made by those who would make the worst aspects of...

US Could Sleepwalk into a War with China The US has started a massive arms race with Russia, which is forcing China to try to catch up. This could lead to a nuclear exchange within 10 years, says Ret Col Lawrence Wilkerson. The US government won't let the US military have control over nuclear weapons, because many of the generals believe a nuclear war is winnable.Lawrence Wilkerson says these people are crazy, as they only think in military terms without consideration of the devastation that...

In March 2021, the Bank of International Settlements published a paper that received far too little attention. The authors noticed that, relative to the size of the economic downturn, too few businesses were going bankrupt. They dug into why this was, and lo and behold they found that businesses were tapping into credit markets. They were borrowing to keep the lights on. Specifically, they found that the at-risk companies were in the "airline, hotels, restaurants and leisure sectors"—all...

Andrew Cuomo now… interesting analysis from HA Goodman… no doubt there is a trend here…[embedded content]

From Forbes:It Is Time To Pay Close Attention To The Lambda Variant Now Devastating South America https://t.co/zO2PHab0tD pic.twitter.com/rueEetWGr2— Forbes Science (@ForbesScience) August 10, 2021

Historic reserve additions to the banking system will eventually drive bond yields to zero or even negative. 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/