Mike Norman Economics

More Cold War 2.0 stuff. Blocs forming again.The European Commission has said that efforts to ratify a massive investment deal with China have been in effect suspended after tit-for-tat sanctions were imposed over China’s treatment of its Uyghur population in March.“We now in a sense have suspended … political outreach activities from the European Commission side,” said the commission’s executive vice-president, Valdis Dombrovskis, on Tuesday. He said that the current state of relations...

Dances with Bears THE NEW NAVALNY INDICTMENT – WHY ARTICLE 239 PROSECUTION IS WORSE FOR THE ANGLO-AMERICAN REGIME-CHANGE OPERATION THAN ARTICLE 275 (TREASON)John HelmerIntel Today ("an act of war")BREAKING NEWS — Havana Syndrome — White House Official Confirms Microwave Attacks [UPDATE — Former Pentagon Chief: “It’s an Act of War!” // Press Review]Ludwig De BraeckeleerReminiscence of the FutureShips Are Just Platforms.Andrei MartyanovRussia ObserverRUSSIA, RUSSIA, EVER FAILINGPatrick...

WWIII Watch....Russia has warned that, if implemented, disconnecting its businesses from SWIFT would be seen as an "act of war,"...Speaking at a meeting with his Chinese counterpart last month, Foreign Minister Sergey Lavrov said, "The United States has declared its mission is to limit the technological development opportunities of both the Russian Federation and the People's Republic of China." He added that the dollar should be de-prioritized as the default currency of international...

The fact that core inflation is rising on the back of substantial GDP growth and declining unemployment should not come as a surprise. Those who are wringing their hands about economic "overheating" should remember that an absence of price increases would reflect an economy that is still struggling.Project SyndicateIs the US Economy Recovering or Overheating?J. Bradford DeLong | Professor of Economics, UCAL Berkeley

US Iran hawks argue that Donald Trump’s re-imposition of sanctions in 2018 has given his successor, Joe Biden, leverage in the new round of negotiations over restarting the 2015 nuclear deal. In fact, Trump's approach discredited and sidelined the Iranian moderates needed to secure a new agreement.…Did sanctions backfire? We'll know if Iran's hardliners win the coming election in Iran, which now seems baked in.It doesn't seem that there is room to reach an agreement before the election...

One in five women in China said last year that they regret getting marriedConcerns about domestic violence, household responsibilities and unequal public policies fuel their doubts about marriageWhy is this important economically? It is about a shifting informal economy as women wake up to unpaid work.  It is not only individual but also cultural and institutional. The revolution supposedly liberated women and it did to a great extent in that education and occupational opportunities greatly...

Shlomo Avineri’s recent biography demolishes the charge that Karl Marx was a self-hating anti-Semite. And by dragging Marx, kicking and screaming, back into the Rhinish Jewish community that shaped him, Avineri yields new insights pertinent to today’s global challenges....Yanis VaroufakisThe Eternal Marx: Reviewing Shlomo Avineri’s KARL MARX: PHILOSOPHY & RELIGION

I think the general population are starting to get the message that my profession and the political class that uses it as an authority has been leading them down the garden path for decades now to cover up policies that have deliberately undermined our socio-economic prospects and allows a massive transfer of national income to the top-end-of-town. I am also watching, on a daily basis, the almost ludicrous way the mainstream economists and the politicians weave and duck as they change their...

hahahaha!!!!!Up @theprospect: I was told Janet Yellen was driving the deficit conversation inside the White House. Then she went on Meet the Press and confirmed it.https://t.co/V9V1DEVAsH— David Dayen (@ddayen) May 3, 2021

Sovereign currency issuers don't need to pay interest on their currency. And left unchecked via monetary operations and sales of gov't securities, rates would gravitate to zero. 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