Mike Norman Economics

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

 America must acknowledge its systemic problems and implement structural reforms that curtail financial capitalism and embrace smart industrial policies.China is state capitalism and industrial socialism, the winning ticket Germany used to catch up with the European countries that had empires. Germany borders many countries and doesn't have a large coastline, like the seafaring nations, so they had no empire. This meant resources and labour were expensive, and so they devised Industrial...

 A lot of people can't fathom out this Illusion, but I think the poor photo quality doesn't help.She looks sunk into the ground, but she is leaning on a wall. The top of the wall looks the same as the road, and the grass bank is a high as the wall.

The main catalyst for the move down Friday was a statement from a China’s State Council on BTC: “We should crack down on bitcoin mining and trading activities and prevent individual risks from being passed to the whole society.”Within two hours, bitcoin fell from $41,454 around 14:15 UTC (10:15 a.m. ET) to as low as $36,880, an 11% decrease, based on CoinDesk 20 data. Bitcoin is still falling, at $36,224 as of press time. “I expect BTC/USD to range around $38,000 for a while,” said George...

 We are hard wired to see our group as good and the other group as bad. If we want to stop wars and promote harmony, we need a rethink. You will never win an argument with a anti-vaxxer or climate change denier, as being a valid member of their group is more important than any facts, or even the survival of the planet.[embedded content]