Mike Norman Economics

Update on the situation in the Middle East. The backstory is the effect of US policy on Europe.Asia TimesSyria, Iran and ‘chaos in international relations’ Pepe Escobar

Bear market rallies can be vicious. This is one.

Exposé of the White Helmets.Intel TodayRoger Waters : “White Helmets Is A Fake Organization That Creates Propaganda for Jihadists and Terrorists” L

Self-identified "erratic Marxist" Yanis Varoufakis. He absolutely and totally understands Marx and Engels' fundamental assumption (freedom and happiness) and method (engagement). Most either miss this or obscure it intentionally.  Psychologist Erich Fromm got it in his Marx's Concept of Man (1961). He begins the work with a section entitled,  The Falsification of Marx's Concepts, which reveals the caricature of Marx that has been created as a straw man to attack. Like the...

Trump's sanctions... Rusal and Deripaska were included on a U.S. sanctions blacklist this month, scaring off many of its customers, suppliers and creditors who fear they too could be hit by sanctions through association with the company.  A number of traders and customers of Rusal’s aluminum have stopped buying the firm’s products, citing the sanctions risk, and Rusal has stopped shipping some of its products for export, according to a logistics firm and a railway operator that used to...

sundance at TLR has an interesting take: Guiliani joining team to negotiate exit of Special Counsel Robert Mueller is confirmation of earlier analysis on Mueller “referee” intent.  The investigative and indictment balance was always between Hillary Clinton allies and President Donald Trump. Robert Mueller was recruited by Clinton and Washington DC allies and those within the small group; and was/is generally facilitating the investigation of Trump as leverage.  The only way for...

Everything you may have wanted to know about equilibrium in economics.Post Keynesianism generally dismisses the neoclassical assumption of equilibrium in economic theory, but these posts serve to clarify the concept and the debate around it. David Glasner explores the history, while Jason Smith comments on the concept for the POV of physics and explains it in terms of information equilibrium.Uneasy MoneyOn Equilibrium in Economic Theory David Glasner | Economist at the Federal Trade...

Trade war in progress. Proceed with caution.ReutersExclusive: U.S. sorghum armada U-turns at sea after China tariffs Karl Plume, P.J. Huffstutter

Alibaba’s R&D arm DAMO Academy said it is developing a neural network chip — Ali-NPU — which will be used in image analysis, machine learning and other AI reasoning calculations, Yicai.com reported.... Asia TimesAlibaba developing advanced chip for AI computing

The 27th Minsky Conference — “Financial Stability in a World of Rising Rates and the Repeal of Dodd-Frank” — just wrapped up yesterday. Anyone interested in the slide presentations can find them below…. Multiplier Effect27th Annual Minsky Conference PresentationsMichael Stevens