Mike Norman Economics

I told you this was coming, but it’s temporary and it affords an opposite to buy stocks.

Macron et al fronting for the banksters? The ideal of finance capital is private borrowing instead of public financing and the rationale for it is designed for purpose.William Mitchell — Modern Monetary TheoryThe New Global Financing Pact equals the old failed global financial arrangementsBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

LOL can’t even make this up…. Two Roman Catholic “hypocrites!” (Mat 23)  criticizing the Church’s recommendation of the dialogic method which is the founding methodology of their entire Christian sect… UFB… If any Christian out there is trying to figure out why all this gender bending is currently going on it’s to provide a high profile opportunity to reveal hypocrite morons like this… 

Is this situation the result of incompetence or it is propaganda masquerading as science?William Mitchell — Modern Monetary TheoryBeware: pension systems about to collapse. Not! More mainstream fictionBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, AustraliaRelated Or is it the design of the system itself so that this situation is just one aspect of a syndrome. Caitlin Johnstone argues it is the result...

Sputnik International (Russian state-sponsored media)Pepe Escobar: Russia’s New Roadmap for Multipolar WorldStrategic Culture Foundation (sanctioned by the US Treasury Department)Putin and What Really Matters in the ChessboardPepe EscobarRussia in Global AffairsDemonstrative Restraint as a Recipe against Unnecessary Decisions—A reply to the article “A Difficult but Necessary Decision” by Sergei Karaganov (questioned about the use of tactical nukes, Putin said "neyt.")Ilya S....

Transcript of a podcast.Naked CapitalismBill Black and Michael Hudson on Corruption in FinancePatrick S. Lovell, producer of The Adventure Core and The Con, interviews Bill Black and Michael HudsonSee alsoFunding the Future (formerly Tax Research UK)Has the West already suffered a coup d’etat? Have the central bankers already seized power?Richard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director...

$48 bln drain Thursday. More coming.

Cumulative TTM earnings for the entire S&P 500 about $1.5T … Fed transferring 5% IOR on $3T Reserve Balances to Depositories = $150B annual… Treasury in transition process of paying 5% on $25T public debt to USD savers in Treasury Securities Accounts = (eventually) $1.25T annual….Collectively these two are in process of providing approximately additional amount of annual free munnie equivalent to what a year of blood sweat and tears shed by all of the millions of people working at the...

Dems imposing what has to be the most regressive policy in the last 20 years at least…Let’s go Brandon! 🤑Ferrari new all time highs everyday.. looks like only poor see recession pic.twitter.com/rE0ZdLZtSI— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) June 14, 2023

Common DreamsTop US Companies Admit to Hiking Prices to Pad Their Profits: Analysis Jake JohnsonLars P. Syll’s BlogMy new book is outLars P. Syll | Professor, Malmo UniversityZero HedgeAsian Central Banks To Adopt Iran's SWIFT Alternative As De-Dollarization Accelerates [The first objective is not to replace the dollar as the reserve currency but to provide countries of the Global South/East with an alternative to the dollar settle trade accounts among them.]Tyler DurdenStrategic Culture...