Mike Norman Economics

Professor Roger E. A. Farmer has written Prosperity For All: How to Prevent Financial Crises, in which he lays out the case for creating a sovereign wealth fund whose objective is to stabilise financial markets. If we can eliminate financial crises, we can avoid the rise in unemployment that results. Although that is an interesting concept, I was highly skeptical about the idea before I read the book -- and my skepticism remains after reading it. Instead, the discussion of macro theory...

Despite the harmful effects of the ECB asset purchases to their biggest bank.... still down to 5.2%. #Germany marches on: German unemployment rate falls to record low of 5.2%. pic.twitter.com/PrF9Llejpd— Holger Zschaepitz (@Schuldensuehner) May 30, 2018

In his final report in a three-part series, Guccifer 2’s West Coast Fingerprint, the Forensicator discovers evidence that at least one operator behind the Guccifer 2.0 persona worked from the West Coast of the United States. The Forensicator’s earlier findings stated that Guccifer 2.0’s NGP-VAN files were accessed locally on the East Coast, and in another analysis they suggested that a file published by Guccifer 2.0 was created in the Central time zone of the United States. False flag...

The rising scholar of taxation and inequality talks to ProMarket about the problems excessive economic power poses for open political systems, how states can tackle profit-shifting, and critics who have dismissed his work on distributional issues as “a French economics.” ProMarket — The blog of the Stigler Center at the University of Chicago Booth School of BusinessGabriel Zucman: “Some People in Economics Feel That Talking About Inequality Is Not What Economists Should Be Doing”Samantha...

"Them's fighting' words."China responds to President Trump's gonzo policy making.Trade war in the cards? Or is this just part of the negotiating process?Whatever, it's further evidence that America cannot be trusted to keep its word.ReutersChinese state media slam U.S. trade announcement, say Beijing ready to fightSee also China will double down to make breakthroughs in core technologies, Chinese President Xi Jinping said on Monday as he urged the country’s top scientists and engineers to...

At his economic conference with other world leaders there, Putin said this... "We are hostages to this internal strife in the United States..."  And I stupidly used to think Putin was smart.  When one puts limits in one's own mind, even if they are imaginary, those limits can be debilitating.  Putin, as the ruler of the largest country on earth, doesn't understand that Russia has no limits, especially none imposed by U.S. "internal strife," whatever that is.  Pathetic. ...

Oil PriceRussia Just Won Big In The European Gas War Tim Daiss also U.S. Oil Exports Eat Into OPEC Market Share In Asia Tsvetana Paraskova also ‘’Biggest Ever Change’’ In Oil Markets Could Send Prices Higher Tsvetana Paraskova alsoIndia Will Buy Iranian Crude Despite U.S. Sanctions Irina SlavSee alsoSputnik InternationalRussia, China Moving Forward to Form Strategic Energy Alliance

Emotional dollar buying by people who just do what everyone else does.

Years of neoliberal economic policies imposed by Brussels and by Italian politicians alike have devastated numerous industrial towns and the very fabric of Italian society, reports Attilio Moro.... Short backgrounder.Consortium NewsThis is the New Italy Attilio MoroSee also SPIEGEL ONLINE: Have the countries in the southern part of the euro area done enough on their side to fix monetary union? Constâncio: Yes. The countries hardest hit by the crisis had high budget deficits and high...

If these US policies are not sustainable, what then? The primal flaw to the neo-con maximum leverage doctrine is its lack of any easy ladder down which to climb that does not appear to be a national US humiliation. Usually, if pressure doesn’t work, it is assumed that it was because there was not enough of it – for example, Trump attributes the weaknesses to the JCPOA to Obama failing to let the Iranians stew in sanctions for long enough. Obama cut the pressures too early in Trump’s view –...