Mike Norman Economics

Actually, not really. Only governments have "printing presses" and other attempts to "print money" are called counterfeiting. Steve Roth knows this, of course, so he must being using "printing money" in another sense. Banks don't have printing presses in the basement, literally or figuratively. Governments that issue their currencies as government liabilities do. Banks increase M1 money supply by adding assets as receivables to their balance sheets as receivables  and booking...

What immediately caught the attention of financial analysts is that the gaping Q3 loss of over $66 billion, dwarfed the Fed's $39.1 billion in capital, leaving the US central bank with a negative net worth, which would suggest insolvency for any ordinary company, but since the Fed gets to print its own money, it is of course anything but an ordinary company as Bloomberg quips. Commenting on the Fed's paper losses, former Fed Governor Kevin Warsh told Bloomberg that "a central bank with a...

Fort Russ NewsMAJOR: Ukraine’s President Describes WAR Against Russia Paul Antonopoulos GeopolitikaThe war will come wether we want it or not SI India Negotiating Purchase of Russian Igla-S Missile System - Indian Def Min SouthFrontErdogan: Turkey Will Launch Military Operation Against US-Backed Forces In Syria Within Few Days RTBeijing warns against ‘bullying’ its citizens amid ongoing US-Huawei saga economicintesect.comThe U.S. vs. China: A Great Experiment vs. A Great...

Riding a macro move means long periods of sitting and waiting.

Loneliness undermines health and is linked to early mortality—and baby boomers are especially feeling the effects Modern life is lonely - and we didn't evolve to live like this. In our ancient tribes the elderly lived alongside their families and were never lonely. Elders were respected for their wisdom and loved for their many stories where the dragons they had fought got bigger and more menacing by the year.  Modern Life is Rubbish is the title of one of Blur's albums.  In tribal...

More ways in which the corporations can spy on you and collect data, would you believe? And they sell the data on. They say it's free fitment, but the £11 billion cost is being added to our bills.  The radiation emissions can also affect your health.  [embedded content] Smart' Meters are the biggest scam, scandal, and swindle ever perpetrated on the general public. This video explains why that is the case, what to do if you are told you need to have a smart meter installed, and what to do...

It looks like the British Conservative Party is beginning to realize that there are no votes to be had in high house prices anymore.The over 50's vote predominantly Tory believing that high house prices had made them rich. Yes, on paper, but can they ever realize the money because where are they to live when they sell their home. And every time they moved to the housing ladder they became clobbered with a huge mortgage again making them poor causing them to go without and work excessive...

Trump's new trade deals with China could turn out bad for American workers. Let’s start with the issue of forced technology transfer. Boeing is upset, because under the current rules, if they set up shop in China, they are going to have to partner with a company that is likely to be a competitor a few years down the road. Suppose tough-talking Trump forces China to accept rules that prohibit these mandated partnerships. Under his new deal, if Boeing wants to set up shop in China it just...

Flaunting Élysée Palace’s gilded rooms does little to quell ‘president of the rich’ tag Talk about backfiring?  It was the most important TV appearance of Emmanuel Macron’s presidency: the 40-year-old former banker had to prove to an angry nation that he was not an arrogant “president of the rich” and that he understood ordinary French people’s struggle to make ends meet. Yet Macron’s choice to deliver his prerecorded speech on social inequality from one of the most opulent and golden...

On the EconomyNick Hanauer’s Progressive Labor Standards: A bold idea to do more than just repair the damage. Jared Bernstein | Senior Fellow at the Center on Budget and Policy Priorities and former Chief Economist and Economic Adviser to Vice President Joe Biden in the Obama Administration econintersectHow Where You're Born Influences The Person You Become Samuel Putnam, Bowdoin College and Masha A. Gartstein, Washington State University Valdai Discussion Club Imperialism, Geopolitics...