Mike Norman Economics

For any firm: "Earning net income increases retained earnings." Ofc conversely, negative income decreases retained earnings... diagram: And then more specifically for Bank accounting: The bank capital can be thought of as the book value of shareholders' equity on a bank's balance sheet. Because many banks revalue their financial assets more often than companies in other industries that hold fixed assets at a historical cost, shareholders' equity can serve as a reasonable proxy for the bank...

I don't know much about John Hankey except that he is a liberal. He seems to be a conspiracy theorist but I'm keeping an open mind on him. He comes across as fairly reasonable to me.In this short video clip John Hankey says Trump was really a front man for a section of the ruling elite and everything he said was written for him. LIke millions of Americans, he says, that he too fell for the con. I fell for it too, although I'm English and so couldn't vote. Jill Stein was my preferred...

I believe that these corrosive moral claims derive from a fundamentally flawed understanding of how market capitalism works, grounded in the dubious assumption that human beings are “homo economicus”: perfectly selfish, perfectly rational, and relentlessly self-maximizing. It is this behavioral model upon which all the other models of orthodox economics are built. And it is nonsense. The last 40 years of research across multiple scientific disciplines has proven, with certainty, that homo...

[embedded content] Every bomb you make, Every job you take, Every heart you break, Every Irish wake, I'll be watching you. Every wall you build, And everyone you've killed, Every grave you've filled, All the blood you've spilled, I'll be watching you. Oh can't you see You belong to me. They'll be a bill to pay On that judgement day. For every empty plate, Every word of hate, Those who subjugate, Those who violate, I'll be watching you.

Translation: The US needs to quit playing the victim when it is actually the perp.EcnsThe five fallacies in Pence's China speech Xinhua See also Reuters U.S. draws China FX into trade dispute as IMF calls for resolution Also Zero Hedge The Perfect Storm Bringing China And Russia Together Vanand Meliksetian via Oilprice.com Also Reuters U.S. security adviser Bolton vows tougher approach to China Also Valdai Club Eurasia’s Great Projects: Assets and Liabilities...

They're scared of us getting the truth out. If the MSM just puts out is propaganda it easy to bunk. Through the internet we can share the truth and enlighten others, but they want to stop this.  Billions of people have no idea what's going on.  Alternative voices online are incensed after Facebook and Twitter closed down hundreds of political media pages ahead of November's crucial midterm elections. Facebook says they broke its spam rules, they say it’s censorship. Some...

Vanessa Beeley gets an award for good journalism which surprises everyone, she then goes on to describe the horrendous massacre of 270 civilians by ISIS in a Syrian town. The Western media hardly reported the massacre, says Vanessa Beeley, but I did a search and found that the Daily Mail has reported it. She says the ISIS terrorists went through US controlled territory so we need to ask why were they allowed through? [embedded content]

[embedded content] The mystery surrounding the disappearance of a Saudi journalist in Turkey has taken a twist, as reports suggest Riyadh was planning to detain him. Media in the US says Washington had come across intel of a special operation ordered by the Saudi Crown Prince.

If the establishment media were truly balanced, social media’s purge of alternative news outlets would be a front-page splash. The fact it isn’t proves that those who shout loudest about “free speech” may be its greatest enemies.Sadly, RT saw something like this coming. And for that reason, we have developed a new site to promote the free exchange of information and views. The fact it launches on the same weekend that US social media giants Facebook and Twitter clamped down on dissent is...

Our evidence suggests that banks were arbitraging the SLR (and eSLR) rule by shifting from safer assets toward riskier, higher-yielding ones. Evidence from other studies we discuss point to the same behavior by banks or dealers with portfolios heavily weighted toward safe, low-yield assets as part of their business models. Policymakers are aware of this regulatory arbitrage and are addressing it. FRBNY — Liberty Street EconomicsLeverage Rule Arbitrage Dong Beom Choi, Michael Holcomb, and...