Mike Norman Economics

Strategic Culture Foundation Psychoanalysing NATO: Schizophrenia Patrick Armstrong See also The Unz ReviewThe Indiscreet Charm of the Gilets Jaunes C. J. HopkinsSee alsoStrategic Culture FoundationFrance in Turmoil… Blame Russia! Editorial

Credit booms are perceived to fuel resource allocation and often end in crises that are followed by protracted periods of low growth. This column investigates the macroeconomic effects of credit booms using a new theory of information production. The theory predicts that when the economy enters a collateral boom, the price of collateral rises and lenders rely more on collateralisation and less on information-producing screening of entrepreneurs. Empirical evidence based on US data confirms...

Longish backgrounder on an emerging political force on the left. The Overton window had been shifting right for decades. Now it seems to be shifting left again.The NationYanis Varoufakis’s Internationalist OdysseyAtossa Araxia Abrahamia

There have been windows in history when the people have had enough abuse and so rise up in revolt. The American and French revolutions come to mind as does 1848. Perhaps we are experiencing something like that at the present time, a revolt against the pressure to conform to globalist values that have been embraced to their benefit by the elites and the establishment in much of the world. It could well become a hard fought and sometimes bloody conflict but its outcome will shape the next...

All the evidence before the spy bosses at the dinner in Canada pointed to a rising superpower mounting the most comprehensive campaign of espionage and foreign interference that any had witnessed. The Party was aggressively exporting a worldview that was hostile to democracy and actively sought to undermine it. A new Great Game was afoot and the West had been slow to act. But it is acting now.Operation hang up on Huawei: how it happened:February 24 - Malcolm Turnbull lobbied US spy...

[embedded content] May 04, 2018 - By now largely forgotten, the 1990s NATO intervention in Yugoslavia paved the way for US-led regime change wars and “humanitarian” bombings: first Iraq, then Libya, and now Syria. RT’s Yulia Shapovalova looks back at 1999, and Nebojsa Malic talks with RT America’s Anya Parampil about failing to learn from history.

Kashoggi? Human right? Forget about it.  Wandering off the reservation.Zero HedgeThe Real Reason Western Media & CIA Turned Against Saudi's MbSDarius Shahtamasebi

Core provisions of the Affordable Care Act, also known as Obamacare, were ruled unconstitutional by a Texas judge on Friday following a lawsuit brought by a group of Republican attorneys general from 20 states against Democratic attorneys general from 14 states led by California's Xavier Becerra. Zero HedgeObamacare Gutted: Core Provisions Ruled Unconstitutional By Texas JudgeTyler DurdenSee alsoThe HillFederal judge in Texas strikes down ObamaCare Peter Sullivan

I don't link to FT since it is behind a paywall (although FT Alphaville is not, but free registration may be required). Michael Hudson provides access to a recent article by Gillian Tett on debt forgiveness.Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismFT: Wiping the slate clean: is it time to reconsider debt forgiveness?Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished...

Moon of AlabamaNewly Released 'Integrity Intitiative' Papers Include Proposal For Large Disinformation CampaignsSILavrov: Russia's Maria Butina Under Harsh Conditions, Tortured by US Authorities Caitlin Johnstone — Rogue JournalistImagine If Saudi Arabia Was Not A US Ally Caitlin Johnstone Tom LuongoRevisiting Turkey’s Debt Problem India PunchlineRussian deployment to Venezuela served the purpose M. K. Bhadrakumar | retired diplomat with the Indian Foreign ServiceSouthFrontUkrainian...