Mike Norman Economics

Sometimes it’s good to get away.

"Out of sight, out of mind." Stumbling and Mumbling On class separation Chris Dillow | Investors Chronicle

Keeper Joan Robinson quote on trade.The Case for Concerted Action Misinterpretation Of Joan Robinson’s Quote On Dropping RocksV. Ramanan

Having run through the Kalecki profit Equation (link to the first part of a two-part primer), I just want to make some brief remarks about how it ties into the notion of forecastability (description). Should we be able to expect to forecast the business cycle? Bond Economics The Kalecki Profit Equation And ForecastingBrian Romanchuk

If only the public knew how they were being duped by the financial sector and austerity governments. KV. [embedded content]

Banks still not pushing HELOCs... Homeowners are sitting on a record amount of cash — and not tapping it - CNBC https://t.co/f4MyCF5TwL— 美国及全球房地产投资趋势观察 (@usaregnews) July 10, 2018

The US has a similar play book for Iran. Who knew that DJT would turn out to be HRC? Well, it turns out that regime change has been US standard operating procedure at least from the G. W. Bush administration, and "color revolution" preceded that. Venezuelanalysis US Set on Regime Change in Venezuela Shannon Ebrahim See also Politico (5 May 2018)Giuliani: Trump is 'committed to' regime change in Iran Brent D. Griffiths This would have been under Bush/Cheney and carried...

Thought it was over? Cooperation with the communists has sparked outrage from many Czechs and prompted thousands of people to come out and protest against the move in June. The Czech Communist Party has maintained hardline views, unlike many other European communist parties, who have moved into the mainstream left-wing in recent years. The party is anti-NATO and totally opposed to any deployment of Czech troops abroad, including to the Baltic countries and Poland as part of NATO...

How Capitalism Really Works If you are 85 and older you still have to work. The greedy pigs haven’t bled you dry yet. https://www.sott.net/article/390315-Work-til-you-die-Record-number-of-folks-age-85-and-older-are-working-in-the-US

We will be hearing a lot of women's right and suppression of women in Iran, but women are much free there under the combination of liberal democracy and Shi'ite theocracy and the society is also more open then in Sunni-dominated countries like Saudi Arabia that follow the tenets of Wahhabism. This posts examines how Crown Prince Mohammad Bin Salman al-Saud may change that. The conclusion is probably not all that much, although any change in a rigid culture like that stands out owing to...