Mike Norman Economics

The Saudi reversal on the decision to sell shares in oil giant Aramco highlights all the flaws in MBS' reform drive Trump is still convinced the 20th century isn’t over and that coal and oil will keep fueling us forever, but MBS understands the world is moving on. He is investing in solar power at home and in companies like Tesla (maybe) abroad.  But can MBS pull it off? NO, according to this article. Haaretz Beginning of the End for Crown Prince MBS' New Saudi Arabia

Whenever I see something titled like this, I think it is by some very right wing conservative, or conspiracy theorist, getting all worked up about the national debt - 'there's going be seen economic collapse!'. But this video isn't like that, but only you guys as economists and traders will know how accurate it is. It's full of charts and figures, many from leading newspapers. Is it alarmist, or is it about right?According to this video, Trump is a disaster - but so were the Democrats...

FacebookEXCLUSIVE: THE JARED OF ARABIA-BONE SAW CONNECTION Pepe EscobarUPDATE:The HillTrump believes Kushner relationship with Saudi crown prince a liability: report Tal Axelrod

Some say there have always been wars, and it isn't so bad as it is very profitable. It's only tens of thousands of people dying, they say, not millions, so what's the problem?These people may be comfortable sitting in their homes in the West watching their shares in the MIC rise, so they don't care, but no place in heaven for them.Warning: This video is very graphic, but I managed to handle it, and I can't stand things like this, so I had my finger over the stop button.People in the West...

In my opinion, this is essential viewing. David Stockman, a former budget advisor to President Reagan, might not be MMT kosher, but listen to what he says about Saudi Arabia and their war on Yemen.  [embedded content]

While most attention among global onlookers is focused on the almost unbelievable divergence between US and Chinese stocks this year, actual 'real' Chinese import and export data suggest President Trump is far from winning this trade war... in fact it's never been worse. Headline trade figures show China exports to the rest of the world grew at 14.5% YoY in USD terms (almost double expectations) and imports rose 14.3% YoY in USD terms (below expectations and well below August's 20% rise)....

I don't know about this, I still prefer the countryside, but the narrator might have a point, if architects designed very beautiful property people might not mind new housing developments occurring near them.  Just imagine if they were really, really beautiful, now that would be grand, so, it's part of the solution.Why do people think they high prices benefit them? They must me stupid, because even through their property may have gained in value, most people are still climbing up the housing...

This is interesting, do you think in images or words? I thought everyone thought in words. I think in words and probably do too much thinking, but I'm also good at visualizing. When I studied electronics, maths, and physics I used a lot of visualization to understand the topics.When I think about MMT I think in words, but I can also see the banks, the off-shore tax havens, and people working and spending their money.I knew some people weren't good at visualising things, but I never knew that...

This video is hilarious, but has a serious note. Jimmy Dore says they are censoring Facebook and Twitter to get ready for the coming war with Iran.If you haven't seen the neocon clip where some guy calls for a false flag attack on a Iranian submarine, you might not get Graham Elwood's joke, so I have posted the neocon clip below. It's shocking! [embedded content] [embedded content]

One thing that interests me in the reports is a particular (very wonkish) detail. For the US and most other countries, the quarter’s GDP is routinely reported relative to the preceding quarter, not relative to four quarters ago. Why do the media and markets routinely focus on the 1-quarter growth rate for the US but focus on the 4-quarter growth rate for China? It is not because China’s National Bureau of Statistics fails to make the 1-quarter change available. It’s there in footnote 2 of...