Mike Norman Economics

Must-read. Xi Jinping lies at the apex of the Chinese political system. His influence now permeates at every level. He is the most powerful leader since Chairman Mao. Kevin Rudd (former PM of Australia and longtime student of China) notes, “none of this is for the faint-hearted … Xi has grown up in Chinese party politics as conducted at the highest levels. Through his father, Xi Zhongxun … he has been through a “masterclass” of not only how to survive it, but also on how to prevail within...

In this essay, I offer a detailed textual analysis of the speech which French President Emmanuel Macron delivered before the Joint Session of Congress, Washington, D.C. on 25 April 2018, in line with the kind of textual analysis which I performed on major political documents signed by heroic East European freedom fighters in 2007 and 2009, which were in fact authored by US intelligence operatives.... Russia Insider The CIA Got Macron Elected - It Looks Like They Wrote His Big US Speech...

US economic warfare ramping up. Russian assets were hot until the new sanctions, with foreign investors piling into Russia’s sovereign ruble-denominated debt as one of the best ways to make money in the global zero-interest world. But the sanctions have hit not just those companies on the new US list, but all of Russia’s companies. A sword of sanctions is now dangling over everyone as those announced so far were directed in such a way is it is impossible to guess where it will fall next....

Jason Smith calls out Dirk Bezemer (who now identifies as an MMT economist). Again the difference among 1) scientific prediction based on generating testable hypotheses from a theory, 2) forecasting probabilities of outcomes from data, and 3) foreseeing and forewarning based on contingencies.Information Transfer EconomicsNo one saw this coming: Bezemer's misleading paper Jason SmithSee also On occasion when I mention things about econ twitter or my blog, my wife responds sarcastically...

Wow. And they report this on Marx's birthday too... ouch!Apple $AAPL Q2 Numbers:* $61.1B in Revenue* $13.82B in Net Income* $15B in Cash Flow* 52.2M iPhones. X is the most popular* 9.1M iPads, 4.1M Macs* $100B additional stock buyback* 16% raise in dividend https://t.co/gM2AOPP3vx— Adam Nash (@adamnash) May 1, 2018

Corporate banks have delivered steady returns but face daunting challenges. To succeed in the coming years, they need to find another gear. McKinsey InsightsBuilding the corporate bank of the future The digital transformation of any enterprise is a herculean task requiring a willingness to embrace cultural change, the ability to immerse the entire organization in the customer journey, and a total commitment to digitize to the core. DBS Bank Chief Information Officer David Gledhill shares...

The first thing that should be noted is that while Duncan is indubitably one of the leading living theorists of Marxist economics, he does not consider himself to be a "Marxist," but rather a student of Marx, if a deeply sympathetic one. This is a sensitive matter as he was turned down for tenure at Stanford largely because he was accused of being a "Marxist economist" when he started publishing papers and books on Marxist economics. He has always sais that his true ideology is his...

If you didn't already know. Radical Political EconomyThe Brief Origins of May Day David Fields

Okay, it's basic stuff, but you can send it on to your friends, or whatever. I put it on Facebook. [embedded content] In this interview we talk to Stephanie Kelton, Professor of Public Policy & Economics, author and economic advisor to Bernie Sanders' presidential campaign in 2016, about Modern Monetary Theory (MMT) and the basic economic concepts related to it.

[embedded content] In the second part of the interview with the Senior Editor and Founder of The Real News Network, Paul Jay, we continue the discussion on the threats facing humanity today. In addition we talk about whether the basic income could enhance political participation & the consumption of information produced by independent media outlets. Lastly we examine the importance of taking into account historical context when relating to current issues. We are in very difficult times,...