Mike Norman Economics

Space wars.  The arms race to control space is on, especially after the US announced the establishing of a "space force" to dominant weaponized space.On the positive side, it may spin off new technology with non-military applicationsFort RussWhy is Russia creating a new EMP blast warplane? Paul Antonopoulos

Workers’ wages have been stagnant for the past decade across the 36 countries that make up the Organisation for Economic Cooperation and Development. But the problem has been particularly acute in the United States, where the “low-income rate” is high (only surpassed by two countries, Greece and Spain) and “income inequality” even worse (following only Israel). The causes are clear: workers suffer when many of the new jobs they’re forced to have the freedom to take are on the low end of...

Reuters reported (July 8, 2018) that the awful Madame Lagarde was in France last week lecturing people on how the “joint euro zone budget could be designed with conditions so that it does not become a no-strings transfer of rich countries’ cash to poorer members”. Meanwhile, Jürgen Habermas was lecturing all and sundry on how a “frightened retreat behind national borders cannot be the correct response to … the politically uncontrollable functional imperatives of a global capitalism that is...

It’s not about the analysis or charts.

Jimmy Dore exposes Western propaganda again. Ed Shultz had an excellent program on RT which exposed all the crimes of Western corporations, the sort of thing that the MSM should be doing. Ed Schultz had previously lost his job in the MSN for doing this so RT took him on. [embedded content]

The take-away. A single tweet reportedly contains 144 fields of metadata, according to RT. "That’s the mentality with metadata," the study’s lead co-author Beatrice Perez of University College London told Wired. "People think it’s not a big deal." Something to remember when the intel agencies say that they are "just" collecting metadata and not reading text.Zero HedgeResearchers Unmask Anonymous Twitter Accounts With 97% Accuracy Using Machine Learning Tyler Durden

Chinese handcuffs part 2: the risk of military conflict Authored by Michael Cembalest, JPMorgan Chairman of Market and Investment Strategy, via LinkedIn.com, Zero HedgeJPMorgan On The Risk Of Military Conflict With China

The “Very Smart People” can’t understand why the market isn’t crashing.

Huge government spending. Tax cuts. Protectionism. Watch it succeed spectacularly.

As Paul Craig Roberts says, if you offshore the jobs you offshore the wages, and then demand falls. To think of all those ships going around the would wasting fuel when most if the goods they carry could be made at home. KV For the past few weeks I’ve been reading a raft of literature by lawyers, economists and bureaucrats involved with the World Trade Organization (WTO) and other free traders. It’s been a fascinating journey into an alternate world, one in which frictionless trade and money...