Mike Norman Economics

Last Friday (April 2, 2021), the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – March 2021 – which showed that the recovery since the catastrophic labour market collapse in March and April 2020, which had stalled in recent months, has got back on track as States open up their economies. Payroll employment growth was very strong and the unemployment rate fell by 0.2 points to 6 per cent. The broader labour wastage captured by the...

The reality is that current conditions are nowhere near normal. At the beginning of the last cycle, the only labour market series that offered useful information was the employment-to-population ratio. As the figure above shows, we are still below the lows of the last cycle....Bond EconomicsU.S. Economy Getting Better, But...Brian Romanchuk

Alastair Crooke channels Michael Hudson, who is becoming more popular with the alt-right than the alt-left, surprisingly for a self-declared Marxist economist. But then and again the neoconservatives are essentially Trotskyites, albeit with a different ideology (neoliberalism).Anyway, Alastair Crooke explains how the game just changed big time.Strategic Culture FoundationChina and Russia Launch a ‘Global Resistance Economy’Alastair Crooke | founder and director of the Conflicts Forum, and...

Only a matter of time now.ProtocolJustice Thomas argues for making Facebook, Twitter and Google utilitiesIssie Lapowsky

 Joe Biden just admitted the real reason behind the US anti-China crusade.Never before has a US president acknowledged that the US may no longer be the world's undisputed superpower.BT's Kei Pritsker analyzes Biden's admission and what kind of devastating conflict this could lead to.[embedded content]

Fiscal stimulus and a remaking of our infrastructure will drive the fastest economic growth of our lifetimes. 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

Numbers.The Vineyard of the SakerThe Russian economy – ‘small’, ‘impotent’, ‘insignificant’: true or false?Arcturus Le

By-passing maritime choke-points.The Unz ReviewHow Eurasia Will be InterconnectedPepe EscobarSee alsoHistorical backgrounder.The GeopoliticsThe Great Game: Tale of a CenturyDanish Zahoor

Elves seem to suit Iceland's otherworldly landscape.It's cute!  Elves are small—only 36 inches high at most. And though they have big ears and wear old-fashioned clothing, they do not wear pointy hats.Such facts can be learned on an “elf walk” in Hafnarfjörður, Iceland, a harbor town just outside Reykjavík reputed to be the elves’ capital.National GeographicRich Warren - More Than Half of This Country Believes in Elves - For real.

Once again, massive fiscal spending in the United States has invited warnings of inflation and triggered dark memories of the 1970s. But these fears are based on a model that has since been obliterated by economic realities – not least the rise of China, which has fundamentally reshaped the US and global economies.... Project SyndicateChina Is Missing from the Great Inflation DebateJames K. Galbraith | Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government at...