Mike Norman Economics

Factors putting upward pressure on commodity prices:1. China is switching emphasis to "dual circulation," that is, focusing on domestic consumption in addition to exports. This increases domestic demand. In addition, as decolonization proceeds globally and the emerging world begins to increase domestic consumption generally, commodities in limited supply will increase in price.2. Dc-carbonization will involve a shift in energy sources and also affect energy prices. Coal has been a relatively...

Is conservatism finished in America? [embedded content]

Popular Tech ETF... The Fed’s CCAR regulations have the ‘big five” (JPM, C, WFC, BAC, GS) price setters somehow hedged down to a 55% equity price reduction so for this thing that’s the $72 level from its recent high of about $160... probably significant support down at that level (if it gets there) ... currently down about 35% from recent high so 20% above there now...

Left wing commie unqualified incompetent  Art degree lunatics complaining PFE gets $20 per dose and they’re making all of this munnie... meanwhile stock hasn’t gone up in over 20 years.... pays a nice dividend though...

 The WOKE nation brings mega death too. Equality for woman, racial minorities, and the physically and mentally handicapped; a society where everyone is valued, except it comes with evil and mega death. The Military-Industrial Complex has hijacked liberalism, in the same way that the ruling elite hijacked democracy. Now they use 'democracy and liberalism' as a cover to conquer the world. Yuri Averyanov, the first deputy secretary of the country’s top national defense body, used an interview...

ConclusionWe conclude that a year T2D-prevention diet with sardine supplementation has a greater protective effect against developing T2D and CV events.Type 2 diabetes preventive effects with a 12-months sardine-enriched diet in elderly population with prediabetes: An interventional, randomized and controlled trial

"The Federal Gov't can create as much money as it wants and pay it to whomever it wants." -Alan Greenspan https://www.youtube.com/watch?v=GdOsybbBVEU

The 'Too Much Money Chasing Too Few Goods' meme is replacing the "The Government Is Broke" meme. Both are nonsense (except in some special cases that don't apply generally) when they are viewed through the MMT lens.New WaylandThe 'Too Much Money Chasing Too Few Goods' MythNeilW

 While this is speculative, it is what Michael Hudson said would happen some time ago. It's taken some time but if this is true it is in full swing. As Pepe says, it's plausible. I would add it is also in character. This is what empires do. Hey, what is the purpose of having an empire if you can't use it?The Vineyard of the SakerPictures of a Ukrainian DreamPepe Escobar

What the ruling class does not like to talk about and does everything it can to submerge as vital to maintaining political control in a nominally democratic society.The pretense is that the concept of class that lies at the heart of Marx's analysis no longer is true. That may be true, but the sociological reality remains even though it has morphed with the maturing of capitalism.Chris Dillow has a message for the Labour Party. Oh, wait, the establishment of the Labour Party that controls the...