Mike Norman Economics

Mom & Pop meat store over on the eastern shore:These prices aren’t too bad… $35 for 40lb leg segments…  right now the closer you can get to the farm gate the better the prices…Middle men getting excess margin right now… won’t last…

The mainstream press is now seeing through the Reserve Bank of Australia’s behaviour, which I take as a sign of progress. For example, there was an article on the ABC News Site yesterday – Reserve Bank accused of ‘economic gaslighting’ as wages growth misses forecasts, again. I noted yesterday that the latest evidence contradicts the RBA’s claims that wages are growing too fast and provide it with a rationale for further interest rate increases, despite the inflation rate falling over the...

This will SO help you.Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes

You probably already know most of this if you have been following economic developments resulting from sanctions.Naked CapitalismWho’s Winning and Losing the Economic War Over Ukraine?Medea Benjamin and Nicolas J. S. DaviesSee also"Putin," or Russia?Asia TimesHow Putin has shrugged off Western sanctions Peter RutlandRelatedOne year does not a make a trend, but.…RT — Question More (Russian state-sponsored media)US no longer attracts world’s rich – studyAlsoTASS (Russian state media)China...

Important. This reflects what former USSR naval officer Andrei Martyanov has been saying and writing books about for a long time. The West is using the wrong standards of comparison, like nominal GDP rather than national capacity. In this light, Russia and China are far stronger than the West realizes using Western-preferred metrics. This has been brought out by industrial warfare. Pursuit of neoliberalism has apparently weakened the West's industrial capacity as factories were moved to...

Ukraine must have ran out of munnie so now the Biden regime has to send some USDs so they can pay pensions and fund other initiatives… 😂Biden on aid to Ukraine - "It's going to allow pensions and social support to be paid to the Ukrainian people so they have something in their pocket."Biden is guaranteeing pensions and welfare for Ukrainians but can't guarantee aid for Ohio. America last. pic.twitter.com/2Qvdgt7Ce4— MAZE (@mazemoore) February 17, 2023

Today was a total overreaction to nothing news. But we still have March, April tax drains to worry about. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes

Just released.Ministry of Foreign Affairs of the People's Republic of ChinaThe Global Security Initiative Concept Paper2023-02-21 11:12See alsoEnglish TranscriptPresident of RussiaPresidential Address to Federal AssemblyFebruary 21, 2023, 13:50 MoscowRelatedThe Vineyard of the SakerVineyard of the Saker White Paper: the China-Russia Double HelixLarchmonter 445

CEO “guidance” and Wall Street forecasts are going to lose you money!

Content warning, canceling, de-platforming, denying access: The fate of Sy Hersh’s Democracy Now! interview on YouTube is the latest indication of how much rougher press suppression is in this new media era....The take-away from the article is that society in so-called liberal democracies are as controlled as in so-called authoritarian "regimes." Society in  (read capitalist) countries is as controlled by the ruling elite that either belong to the ownership class (haute bourgeosie) or are...