Mike Norman Economics

I was motivated to write this post partly to [looks heavenward piously] correct the record, partly to defend the blogosphere’s importance, then and now, and partly to defend the honor of my own blogs, Naked Capitalism and (then) Corrente. I was also, quite frankly, shocked at New York Magazine’s sloppiness, and I hope any Google search brings up this post along with it.More importantly, however, dear members of the NC commentariat, Beowulf’s Coin began as a comment, and was nurtured by...

Here’s how I called it today. EXACT! And a lesson for you all: Don’t wish upon the Chart Fairy.

Bond Economics Sellers' InflationBrian RomanchukNaked CapitalismMichael Hudson at Global University, Hong Kong, on Ukraine, Europe, China, and the Dollar’s FutureMichael Hudson in discussion with Kin Chi Lau, Global University, Hong Kong, June 5, 2023The CradleHow the BRI train took the road to Shangri-La Pepe EscobarArmstrong EconomicsPlot to Seize Russia Makes #1 Book on AmazonMartin ArmstrongIndia PunchlineThe rise and rise of far-right in Germany [politics and economics]MK. Bhadrakumar |...

It’s bitter, sweet I’m a born and raised New Yorker, and I’ve spent most of my life here, but like everything else there comes a time to change, and I’m giving Florida a shot. Wish me luck.

Strategic Culture Foundation (sanctioned by the US Treasury Department)The Hegemon Will Go Full Hybrid War Against BRICS+Pepe EscobarNaked CapitalismMichael Hudson on the US Economy – Surprisingly Resilient or Potemkin Village? [video and transcript]Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at...

Many investors short term bearish on a reduction of their figure of speech “liquidity!”…Druckenmiller is 100% spot on here 👇 pic.twitter.com/1LGMs9FXqM— Financelot (@FinanceLancelot) June 10, 2023 What could neuter a new bull market? A recession that knocks down earnings would be a big one, of course. But the more immediate concern is liquidity.With the debt ceiling finally passed, the Treasury is expected to issue at least $1.2 trillion in T-Bills, with half of that…...

In the 3 days ending Thursday, June 8, Treasury issued almost $300 bln in securities. What happened? Stocks made a new 14 month high.

For the first time in 81 weeks, individual investors have turned bullish.

Wildfires from Canada blanketed the city with smoke today. And nearly all metrics of US petroleum report looking weak.

Media is pounding home the notions of a market and economic crash dut to renewed Treasury sales. It’s wrong!