Mike Norman Economics

Fed can lend, it can't spend. Does not have a bullish effect on the market beyond short-term. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.pitbulleconomics.com/podcasts/

Craig Murray BlogCynicism and Warmongering Craig Murray, formerly British ambassador to Uzbekistan and Rector of the University of Dundee Dances with BearsTOO CROOKED TO LIE STRAIGHT IN BED – BBC TRIES TO RIGHT THE WRONGS OF ITS SKRIPAL STORY John Helmer Intel TodayOlof Palme — Interview with Top Expert Jan StocklassaRemembering Olof Palme (January 30 1927 – February 28 1986) [UPDATE : Swedish prosecutors close Olof Palme murder inquiry] Ludwig De BraeckeleerPolitical CalculationsThe World...

The Chinese are pragmatists who reason in the long term. The ideology of human rights is totally foreign to them (the words “right” and “human”, in the sense that we usually give them, do not even have a Chinese equivalent: “human rights” is rendered as “ren-quan”•, “man-power”, this is not especially clear), individualism also. For the Chinese, man must fulfill his duties to the community instead of claiming his rights as an individual. During the Covid-19 epidemic, the Europeans were...

Sanctions against the Nord Stream 2 project discussed in Congress are designed to directly hit the German economy, Russian Foreign Ministry Spokeswoman Maria Zakharova said at a briefing on Wednesday. "The aggressive pressure, this is exactly as we qualify it, applied by Washington on their European allies, Germany in the first instance, for the purpose of disrupting construction of the Nord Stream 2 is certainly an unprecedented fact for transatlantic relations. Sanctions discussed in the...

Avoiding the weaponized dollar in economic warfare.Sputnik InternationalCrypto Expert: If Dollar Fails to Innovate World Will Shift to New Currencies Including Digital Yuan Related The Caesar Act, signed by US President Donald Trump in December 2019, comes into force starting this Wednesday, imposing new sanctions on almost all Syrian economic and trade activities and anyone who does business with Damascus. Pompeo warned that anyone doing business with any of the designated persons or...

If we look at the post-1990 era in the developed world, we see a relatively similar pattern: long expansions with relatively low economic volatility, punctuated with short recessions. In fact, in the case of Australia, the expansion was only put to an end by the Pandemic of 2020. However, if we look past the low volatility, we also see that growth rates were relatively low, and employment conditions generally weak. NOTE: This is an unedited excerpt from a chapter within an upcoming...

I am going to use the Wednesday blog post for the time being as the place I publish our weekly MMTed Q&A series. There will also be some music for those who like to find some different music. I have just published – MMTed Q&A Episode 3 – on the MMTed YouTube channel (see overleaf). We covered some interesting questions and I hope you find it interesting. This episode is considerably shorter than the first two as we experiment with formats and improve the editing process.... Bill...

MMT still getting nowhere...Just think about this statement from one of these unqualified Art Degree morons:  “unsustainable.... for YEARS...”Get it?  He says... “unsustainable... FOR YEARS...”How stupid are these f-ing people?US budget on 'unsustainable path for years' - Fed's Powellhttps://t.co/xWK9LPmYDe— Breaking the News 24/7 (@Breaking24Seven) June 16, 2020 

Over 44 million jobless claims have been filed in the last 12 weeks, and some of those jobs are gone forever. The call for big ideas in job creation, like President Franklin Delano Roosevelt’s New Deal, are growing louder. One such idea, the job guarantee, was once seen as fringe but is gaining acceptance. The concept is simple: For everyone who wants a job, a job will be provided by the government.Pavlina Tcherneva, an associate professor of economics at Bard College and author of the...

If you are following this story, David Harsany's post adds some detail. IMHO, "demonizing" a site owing to the comments section, or lack of moderation thereof, is jumping the shark. If it is not intentional censorship, it is overreaction. OK, so I admit that this can get complicated since some comments can definitely be way over the top. If it's isolated instances, then probably best to keep a sense of proportion and write it off as just the way the Internet works.  If it's chronic...