Mike Norman Economics

The winner of this will have a big effect on what the markets do.

Beware of blowback. Strategic Culture Foundation America the Punitive Philip Giraldi, former CIA counter-terrorism specialist and military intelligence officer, now Executive Director of the Council for the National Interest and founding member of the Veteran Intelligence Professionals for Sanity

About thirty years ago the British hi-fi press became enthralled by Peter Belt and his mysterious products. Just an elastic band and a cable tie treated by Peter Belt could transform the sound of a hi-fi system, and he could even treat a glass off water to have the same effect.A few months later the was a big hi-fi exhibition at Heathrow Airport and I went along with my girlfriend. We went and listened to the various hi-fi company demonstrations and got bored as hell, but at the end of the...

For your weekend listening.Open CultureAretha’s Franklin’s Pitch-Perfect Performance in The Blues Brothers, the Film That Reinvigorated Her Career (1980) Josh Jones

More than forty years ago, Nobel laureate Friedrich von Hayek published a small book in which he called for the “denationalization of money.” For him, high inflation rates in all countries were proof that states were abusing their monopoly on issuing banknotes, and that only private money in competition could guarantee stable money. Hayek was more concerned with the regulatory principle of competition than with the question of how a competitive monetary system could be concretely shaped....

Oh please don't leave us all this Maine Lobster to eat! Oh no Chinese hacker USD zombies don't leave us all this Maine lobster to eat all by ourselves!!! Nooooo!!!!Some news from Maine: Beijing is making it impossible to import US lobster in China https://t.co/OBBqcfxP9u— Heather Timmons (@HeathaT) August 16, 2018

Supply and demand!!!! Too much milk is hurting India’s already distressed dairy industry https://t.co/A0xWnpQZAh pic.twitter.com/WZcbj7yBYi— Blimling&Associates (@Blimling) August 14, 2018

More bad news:*U.S. JULY RETAIL SALES RISE 0.5% M/M; EX-AUTOS UP 0.6% https://t.co/UCBafs1RgS pic.twitter.com/Z6bxI1eGOc— Bloomberg Markets (@markets) August 15, 2018

Ya think?What to expect when provoking a dragon in its lair. Same with a bear. Provoking a dragon and a bear at that same time is, how would you say? The report said that while the PLA had continued to extend operations, it was not clear what message Beijing was seeking to send by carrying out the flights “beyond a demonstration of improved capabilities.” I'd say the message is loud and clear. But apparently the geniuses at the Pentagon know somethings I don't.ReutersPentagon says China...

The British Lion softened capitalism with welfare initiatives. He wasn't afraid to achieve conservative ends through progressive means. I remember reading in the Guardian a long time ago about a leading Tory who said that the British welfare state and the National Health Service were created to ensure that Britain had men fit enough to fight in a war, especially one with Russia. I  wouldn't be surprised that there was nothing compassionate about Compassionate Conservatism, but maybe I'm...