Mike Norman Economics

A short article, there is nothing more at the site. KV. Washington | Trump administration trade negotiators are seeking a fresh round of talks with Chinese counterparts to head off the threat of tariffs being slapped on another $US200 billion ($279 billion) in goods. Prices across trade sensitive sectors and firms rallied sharply on Wednesday amid a report that top US officials led by Treasury secretary Steven Mnuchin have sent an invitation to China's Vice Premier Liu He, proposing...

Video and transcript. LARRY WILKERSON: I think what we’re seeing here is a resurrection, if you will, of the neoconservative agenda. Syria was to be next. Iran after that, following Iraq of course, the invasion in 2003 which went so haywire that they were unable to follow up quickly with Syria. Well, now we’re back to Syria, but we were back to it with a president who was very reluctant to use major U.S. forces, Barack Obama of course. So, we are looking- we the neoconservatives, John...

The global economic system is premised on growth, not just any growth, but growth where it matters (economically). However, population growth (the foundation of economic growth) among the high and upper middle income nations of the world is rapidly winding down. As I have outlined previously, total births have been declining among the combined high/upper middle income nations since 1988 and now births are declining everywhere but among the low income nations of the world (HERE). Without...

The Eastern Economic Forum in Vladivostok has become a crucial part of strategic integration between China, Russia and other countries in northeast Asia, a graduation assimilation set to transform the current world system… Contrary to misinformed or manipulated Western hysteria, the current Vostok war games in the Russian Far East’s Trans-Baikal, including 3,000 Chinese troops, are just a section of the much deeper, complex Russia-China strategic partnership. This is all about a...

Consortium NewsOn the Brink with Russia in Syria Again, 5 Years Later Ray McGovern Dances with Bears FIRST STRIKE – WASHINGTON SAVED FROM THE VEKSELBERG BUNKER-BUSTER BOMB John Helmer Russia InsiderHow Better for America to Mark 9/11 Than by Protecting al-Qaeda in Syria From Putin? Andrei MartyanovSouthFrontTurkey Increases Weapon Supplies To Northern Syria Militants – Report US State Department Goes Wild In Attempts To Defend White Helmets From Russian & Assad ‘Propaganda’Syria...

The Russian Aerospace Force will support Syrian troops if the Western coalition decides to launch attacks against Syria due to the provocation of the “chemical attacks” in Idlib province, according to Russian Senate International Committee member Oleg Morozov. So there it is. Russia has decided to cross the Rubicon and throw down the gauntlet.  The one thing to be avoided at all costs during the Cold War after the Cuban missile crisis — nuclear power confrontation.  Is Donald Trump...

Good on Jeff Sachs. He has redeemed himself (in two minutes) in my book. Zero Hedge How To Explain The Cause Of The Syrian War In 2 Minutes Tyler Durden

Important geopolitically.GeopolitikaChina and Multipolarity Leonid Savin Translated from Russian by Jafe ArnoldSee alsoReutersEU must grasp world role as U.S. retreats, Juncker says Alastair Macdonald

Steve Keen says how we are just selling old houses to each other and not putting our money into designing products and services that people want which would help the economy. And  people are so loaded with debt that they have no purchasing power which also drags down the economy.Steve Keen says that the banks have created a ponzi scheme and people have even been encouraged to take on interest only mortgages by telling them their houses with double in value in 5 years and so they well get...

Because "shareholder value." [Nirmal Mulye, chief executive of Nostrum Laboratories,] told FT he agreed with Martin "Pharma Bro" Shkreli raising the price of AIDS and cancer drug Daraprim in 2015 from $13.50 to $750 per tablet, saying he was "within his rights because he had to reward his shareholders." We live in a "capitalist economy and if you can't make money you can't stay in business," Mulye said. "We have to make money when we can. Appropriately, nirman means "no mind."The Week...