Mike Norman Economics

“I’ve never seen anything like this, but I hope it never happens again,” Senate Majority Whip John Cornyn told BuzzFeed News on Thursday. I have an inkling that this is just the beginning."Hell hath no fury like a woman scorned." — William Congreve As a matter of fact, it is an extension of the ongoing culture and race wars that are turning into a civil war, soft so far. Civil wars are so uncivil.And a battle between the sexes is the worst of all worlds. Turning ugly. You really don't...

This development in Venezuela could be viewed as a very real step away from Fiat currency and a very real step toward a permanent commodity-backed currency. A crypto currency that is actually a currency in the sense of a zero maturity liability issued by a sovereign nation that is exclusively accepted in exchange for at least some liabilities to the state.This is quite interesting since the Bolivar remains the unit of account. Zero Hedge The Post-Fiat World Begins: Venezuela's...

Trump's opposition still does not get that it is howling at the diversion while the real action is being accomplished with only a minimal effort to stop it. Who is the fool in this situation? Bingo. OpEdNewsWhy Trump Is Succeeding (and will continue to do so) Bear Kosik

Paul Robinson calls it an attack on academic freedom. I call it incipient fascism. America is slipping down the slippery slope."The road to serfdom is not the by way of socialism but rather fascism and it is increasingly upon us since 9/11 and the suspension of constitutional liberties and the militarization of domestic security, and the rise of the surveillance state.The striking parallels with history are clear.IrrussianalityNo history, no culture, pleasePaul Robinson | Professor,...

Reminiscent of Tibetan Buddhist lamas that create large intricate sandpaintings and then smudge them up when they are done, representing the impermanence of worldly phenomena and the requisite need for non-attachment. Marginal RevolutionBanksy is the Real Deal Alex Tabarrok | Bartley J. Madden Chair in Economics at the Mercatus Center and Professor of Economics at George Mason University, and a research fellow with the Mercatus CenterUpdate:Zero Hedge"F**king Historical" - Watch Banksy...

Jeremy Cornyn gave an excellent party political broadcast, but gets called an antisemitic for criticising bankers. [embedded content] Jeremy Corbyn released a video criticizing the banks for their corruption. Eager to smear him, some have done the mental gymnastics to label this anti-Semitic.

There is one big lesson from the Danske Bank money laundering scandal. Regulating the modern banking system does not work. Modern banks are now primarily giant hedge fund managers speculating on financial assets or they are conduits for tax avoidance havens for the top 1% and the multi-nationals.… John Horan, senior associate at Maze Investigation, Compliance and Training Ltd. in Belfast, says money laundering is a Europe-wide problem. “dark money will almost certainly continue to flow...

"How can we open a Pandora’s Box?! Who opened this Pandora’s Box in 2008 having accepted, acknowledged and recognized the unilaterally proclaimed independence of Kosovo?!" Serbian President Aleksandar Vucic told RT’s Sophie Shevardnadze. This has been as influential in influencing the world order as the expansion of NATO toward the borders of Russia and the coup that overthrew the democratically elected government of Ukraine, a coup that was immediately ratified by the West. But Kosovo was...

Unheard of a couple of decades ago. The Chinese middle class is rising. EcnsDogs and cats have a 'pet economy' of their own China Daily Anyone for a White Rabbit? China's massive snacks industry goes ballistic China Daily Demand for upscale gyms looking healthy Xinhua Perceptions of Chinese high-tech companies changing: Skype co-founder Xinhua RelatedNEOChina’s Uyghur Problem: The Recruitment of Uyghur Muslims to Join Al Qaeda F. William Engdahl

This is funny to watch: Country Garden cut the selling price at one of its residential developments by 1/3. Those who paid full price smashed the sales office. Similar incidents had happened before, and will again. It’s impossible to remove “the guarantee of principal”（刚性兑付）in China. pic.twitter.com/UxHFODYxmc — Hao Hong 洪灝, CFA (@polarmcbear) October 6, 2018 They are in the "Bear Stearns Phase" which is still early in the process... they have to stop adding reserves or it could get a lot...