Mike Norman Economics

India PunchlineUkraine: Frozen conflict is hotting upM. K. Bhadrakumar | retired diplomat with the Indian Foreign ServiceThe Vineyard of the Saker (longish)Crucial interview of Foreign Minister LavrovThe SakerEconomics as Classical Mechanics (short, read in relation to Lavrov interview)EU as a new Nazi superstateIvan KitovDefend Democracy Press (cui bono?)Who needs a war in Ukraine?Dimitris Konstantakopoulos

Economic growth bouncing back. Happy Easter! Happy Passover!

PravdaReport (Russian state media)Ukraine admits NATO prepares for war over CrimeaZero HedgeBiden Condemns "Russian Aggression" In Ukraine In First Belated Call With President ZelenskyRussia Warns NATO Against Sending Any Troops To Ukraine As "Frightening" Escalation LoomsTyler DurdenThe Vineyard of the SakerDrums of war in the Ukraine: OPEN THREADUnderstanding anti-Putin PSYOPs: Preparing for warThe SakerOilprice.comIs Russia About To Invade Ukraine?Cyril WiddershovenSouthFrontKiev...

Backgrounder on Myanmar. It's complicated.Dances with BearsRUSSIA AND MYANMAR – BALANCING ON A KNIFE’S EDGEJohn Helmer

"Abstract labor."The Philosopher's StoneMY UNDERSTANDING OF MARX PART FIVERobert Paul Wolff | Professor Emeritus, University of Massachusetts AmherstBRIEF CLARIFICATIONSee alsoOpen CultureProf. David Harvey Makes 5 Courses on Marx’s Capital Available for FreeJosh Jones

"Blow back" from "maximum pressure."As Prof. Mohammad Marandi of the University of Tehran described it to me, “It’s basically a road map. It’s especially important coming at a time when US hostility towards China altogether is increasing. The fact that this trip to Iran [by Foreign Minister Wang Yi] and the signing of the agreement took place literally days after the events in Alaska makes it even more significant, symbolically speaking.”Iran’s Foreign Ministry spokesman Saeed Khatibzadeh...

Why Paul Samuelson's assumption of ergodicity is not applicable to economics.Lars P. Syll’s BlogWhy ergodicity mattersLars P. Syll | Professor, Malmo University

Ok 1Q is over and Treasury projected their balance at quarter end to be $800B here:Well let’s see how they did here:Oh , only off by $300B .... a mere bag of shells....   AND they deposit $259B from securities issuance while withdrawing only $120B redeeming securities on the last day to make their miss EVEN WORSE right at the end.... what kind of dopes do we have working there?Usually if you want the account balance to reduce you have to withdraw MORE than you deposit... that’s the way it...

Not a bubble. Stock market is discounting strong economic growth and rapidly expanding corporate earnings. All from fiscal.

Pretty thorough analysis of the geopolitics of the region. The dragon is spreading its wings there, too.India PunchlineThe China-Iran pact is a game changer – IIIThe China-Iran pact is a game changer – Part IIThe China-Iran pact is a game changer — Part IM. K. Bhadrakumar | retired diplomat with the Indian Foreign ServiceSee alsoOriental ReviewFalse Reasons Of American Trade WarRonny P. Sasmita