Mike Norman Economics

Supposedly another "10%" cut before the elections...Trump says ‘major tax cut’ on the way for middle class https://t.co/KLlwoEmIOT— FOX Business (@FoxBusiness) October 22, 2018

President Trump is about to get an earful from Americans hurt by the escalating trade war. Zero Hedge"This Is Just The Very Tip Of The Iceberg" - Spike In Tariffs Paid By US Businesses Tyler Durden

THE MUST-READ OF MUST-READS on the links between behavioral finance and macro: John Maynard Keynes (1936): The State of Long-Term Expectation: The General Theory of Employment, Interest and Money: Chapter 12: "If I may be allowed to appropriate the term _speculation for the activity of forecasting the psychology of the market, and the term enterprise for the activity of forecasting the prospective yield of assets over their whole life, it is by no means always the case that speculation...

But isn't it an American tradition, same as baseball and apple pie, to have people with zero background to write on the subjects they have no clue about Reminiscence of the FutureThere Was Never There ThereAndrei Martyanov

ReutersRussia pledges to act to "restore" military balance if U.S. quits nuclear arms pact Kremlin: We'll respond in kind if U.S. develops intermediate missilesLet's work on shortcomings in INF arms treaty, Russia tells U.S. U.S. warships pass through Taiwan Strait amid China tensionsSputnik InternationalPutin Signs Decree Imposing Sanctions on Ukraine Amid Kiev's Hostile Actions Ex-White Helmets Open Up: 'We Were Used for Their Political Agenda & Discarded' Strategic Culture...

You cannot win with trying to be precise about timing. You can only win when you understand TIME.

Completely off topic, but I found this to be enormously entertaining. It's not politics or economics, but as many of you guys are deep thinkers, I thought some of you would enjoy it too.Alain De Botton says the reason why we will marry the wrong person is because we are all really rather very strange. Our friends know about our oddities and idiosyncrasies, but won't tell us because they just want a fun night out. And our girlfriends will say that they now want to broaden their horizon,...

[embedded content] “As a journalist covering this, is it more aggressive this year, is it more frantic, the attempts to basically engineer an electorate with as few black and brown Asian-American and Native American people in it as possible?” she said. “I have never seen anything like it in 18 years. You’re referring back to when Bush won the presidency by 300 votes,” Palast said. “His (Florida) Secretary of State, Katherine Harris, removed 58,000 black people from the voter rolls saying...

MEE exclusively reveals details about the Tiger Squad, a team of assassins targeting Saudi critics at home and abroad.... In new revelations, a Saudi source with intimate knowledge of his country's intelligence services told Middle East Eye about a death squad that operates under the guidance and supervision of Mohammed bin Salman, the Saudi crown prince. The Firqat el-Nemr, or Tiger Squad, is well-known to the US intelligence services. It was formed more than a year ago and is comprised...

Doing business in Russia will become easier: the Ministry of Economic Development, with the participation of entrepreneurs, has prepared a set of measures within the framework of the Transformation of Business Climate Plan (TBC). This project is not temporary: every six months the list will be updated with new initiatives. Already the first package of measures included proposals in 13 areas (taxes, control and supervisory activities, customs administration, human capital, labor...