Mike Norman Economics

There's never a question of whether the deep state will turn a new president, only how long it will take and what it will take. Mission accomplished.The HillTrump to explore entering Pacific trade pact he once called 'a disaster' Jordan Fabian And Vicki Needham

Backgrounder at wiki here.This is good to keep in mind when you are tempted to attribute non-optimal outcomes to a "neo-liberal conspiracy!" theory.From Systems Theory: The purpose of a system is what it does (POSIWID) is a systems thinking heuristic coined by Stafford Beer.  This is a basic dictum. It stands for bald fact, which makes a better starting point in seeking understanding than the familiar attributions of good intention, prejudices about expectations, moral judgment, or sheer...

Backgrounder.Consortium NewsAmerica’s Long History of Trying to Determine Who Rules Syria Caitlin JohnstoneSee alsoRussian and Eurasian PoliticsMoscow’s Nearing Military-Political Triumph in Syria and Its Implications for the East-West Balance of PowerGordon M. Hahn, analyst and Advisory Board member at Geostrategic Forecasting Corporation, member of the Executive Advisory Board at the American Institute of Geostrategy, a contributing expert for Russia Direct, a senior researcher at the...

Update. Pulling back from the abyss?Moon of AlabamaSyria - Threat Of Large War Recedes But May Come Back bAlsoNew Developments In The Skripal Drama - Police Statement, OPCW Report Release

You need to have strong mental game for this.

The word “Russia” does not occur in today’s OPCW report. The OPCW Report says nothing whatsoever about the origin of the chemical which poisoned the Skripals and certainly does not link it in any way to Russia.The technical ability of Porton Down to identify a chemical has never been in doubt, and the only “finding of the United Kingdom”the OPCW has confirmed is the identity of the chemical.… Craig Murray BlogOPCW Salisbury Report Confirms Nothing But the Identity of the ChemicalCraig...

So, if there is a reason for concern regarding China in the US, it is definitely the use of their developmental state to promote technological innovation. US funds military while China funds tech innovation.  Would the US rather China put the funding into military? What about the CIA venture capital company? Naked KeynesianismMore on China and the USMatias Vernengo | Associate Professor of Economics, Bucknell University

Good story at Reuters below... there is some meat here for a change...  Tomorrow is a big day as iirc 3 big banks report 1Q.... C, JPM, WFC...  BAC probably next week.The January 1 changes in tax POLICY do not appear well thought out (4%  $40b hit to banking system capital) and have somewhat curtailed economic activity from Q4 levels and stopped the equity rally cold.Nor was it well coordinated with pending bank reform legislation... SB 2155 now seemingly a bit stalled in the House (idiot...

Before and immediately following the Brexit vote back in 2016, I said that the U.K. economy would not be harmed and that the pound would recoup all of its losses if selling were to happen.In contrast, all of the "geniuses" i.e. the economists, market pundits, hedge fund idiots and especially, the entirety of the business and financial media, said the opposite. They were all wrong. I was right.Here are some videos I made at the time."Brexit and the British pound.""British pound will recoup...

People are allowed to change their opinions or assessments in the light of new evidence. Diametric changes of position are fine and one should not be pilloried for making such a shift in outlook. Quite the contrary. But when the passage of time reveals that a person just recites the same litany despite being continually at odds with the evidence, then that person’s view should be disregarded, notwithstanding the old saying that a defunct clock is correct twice in each 24 hours. The US...