Mike Norman Economics

"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...

Shitty fiscal and harmful monetary everywhere ex-US this year reflected in equity share prices and the strong USD as ROW lowers USD terms in a zombie fight for scraps off the US table...The $SPX took a little off the top this week (-0.94%, up 7.93% YTD), but global markets took a hair cut below the scalp; US markets fell $411 billion for the week, but were up $1.74 trillion YTD, as non-US markets fell $720 billion this week andwere down 1.87 trillion YTD. pic.twitter.com/T0QruBekCJ— Howard...

Turkey stopped the US from starting WW3 in Syria so the Washington has surged switched back to the Ukraine. Only the overthrow of the American Government by its people can this be stopped, says Eric Zeusse.The United States Government is now treating Ukraine as if it were a NATO member, and on September 27thdonated to Ukraine two warships for use against Russia. This is the latest indication that the U.S. is switching to Ukraine as the locale to start World War III, and from which the...

Problems for the zombie companies as the Fed fights inflation. Fitch Ratings has warned that global bond markets face a rude shock as the US Federal Reserve jams on the brakes to avert overheating, with grave implications for inflated asset prices across the world. Brian Coulton, the agency's chief economist, said investors have underestimated the Fed's determination to drain excess liquidity and prevent the inflation genie escaping from the bottle. It can no longer wait as White House...

I called it last week

[embedded content] Staring into the face of evil!The US Embassy to Tbilisi transports frozen human blood and pathogens as diplomatic cargo. Internal documents, leaked to me by Georgian insiders, implicate US scientists in the transportation of and experimenting on pathogens under diplomatic cover. According to these documents, Pentagon scientists have been deployed to the Republic of Georgia and have been given diplomatic immunity to research deadly diseases and biting insects at the Lugar...

Mark Blyth gets MMT (although he doesn't mention it) and at the end of the interview he makes a powerful statement about why welfare is an investment. [embedded content] One of the most persistent ideas in the politics of the West, whether we’re talking about Europe or the United States, is that government debt is best attacked through reducing government spending. Mark Blyth, warns though, that “austerity,” as such plans are known, is a historically dangerous idea.

 Dilyana Gaytandzhieva is a Bulgarian journalist.The US Embassy to Tbilisi transports frozen human blood and pathogens as diplomatic cargo for a secret US military program. Internal documents, implicating US diplomats in the transportation of and experimenting on pathogens under diplomatic cover were leaked to me by Georgian insiders. According to these documents, Pentagon scientists have been deployed to the Republic of Georgia and have been given diplomatic immunity to research deadly...