Mike Norman Economics

The backstory.Moon of AlabamaLukashenko's Revenge (Served Cold)

On Wednesday last week (May 19, 2021), the ABS released the latest – Wage Price Index, Australia – for the March-quarter 2021. The WPI data shows that nominal wages growth remains suppressed and workers were able to glean only the most marginal real improvement in purchasing power. Public sector workers endured real wage cuts. The public sector is clearly not demonstrating leadership with their ridiculous wage freezes and wage caps stifling wages growth not only in the public sector but also...

 Of interest regarding the historical dialectic between liberalism and traditionalism.Dances with BearsTHE RUSSIAN CONCORDAT BETWEEN PATRIARCH AND KREMLIN ISN’T AT ALL LIKE THE ONE NAPOLEON GOT POPE PIUS VII TO SIGNJohn Helmer

I just realized I’ve never really written about how I make a living doing what I do, which is odd because it’s easily the most interesting aspect of my weird little operation here. I’ll put the information out there just in case it’s useful to anybody.Like anyone else who criticizes capitalism within earshot of hardcore capitalism enthusiasts, I get the “and yet you participate in capitalism ha ha” line all the time. They claim that because I have links to Patreon and Paypal at the bottom of...

Russia’s media oversight body Roskomnadzor warned Google on Monday that it could slow down access to the global platform in the country if it did not comply with the agency's demands....Sputnik InternationalRussian Media Watchdog Threatens to Throttle Google Traffic Over Noncompliance

This blog has discussed trends for vehicle sales in general, but let’s stick with used vehicle prices and add some historical context. Before the current recession, annual growth in used vehicle prices hadn’t hit 3% since May 2012 and remained largely flat during the period from 2013 to 2020. Indeed, this trend goes back well over two decades: As measured by the CPI, used vehicle prices were largely flat or falling going back to 1997.So the current spike in prices feels more like a...

Refiners have ramped up output to very high levels. 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/

 Family Portrait Fairy Castle: Neuschwanstein Castle, built by-Ludwig II in southwest BavariaEdinburgh, Scotland New College University, Edinburgh Amsterdam  Birds eye view of Amsterdam Amsterdam at night Abandoned Church in France Dew on a plant spiralContents of fire engine (firetruck) 

 Shaman Caterpillar Wet FlyNS Savannah Control RoomA WaveMy girlfriend didn't like the new shower (Marrakesh shower) Perception (Top of Building). It looks like an electronics board. Engineering can be beautiful! It failed the audition for the part in Star Wars as RD-D2 The same here. This one didn't stand a chance. A nice try, though. A British farmer decided to dye his sheep different colours, using a natural wash-out dye, to cheer drivers up during Covid as they drove by his farm. The...

America must acknowledge its systemic problems and implement structural reforms that curtail financial capitalism and embrace smart industrial policies.Nation of ChangeChina beats USA by following Western classical economics!Chris KanthanRelatedMichael Roberts explains why China will most likely do fine despite the "demographic crisis." Increased productivity offsets decreased employment.Michael Roberts Blog — blogging from a marxist economistChina: demographic crisis?Michael Roberts