Mike Norman Economics

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...

Tallies with Syrian Girl. The Gateway PunditUS Backed Syrian Rebels Caught Staging Corpses of Dead Children in Douma to Play on Western Emotions Jim Holt

Carlson and Massie’s sentiments are shared by most of Trump’s biggest supporters on social media. America Firsters don't see attacking Syria as leading to MAGA.The midterm election is approaching. The Democrats are all fired up. Are the Republicans. Doesn't seem that way. The Gateway Pundit Pro-Trump Congressman: It Doesn’t Make Sense That Assad Would Use Gas Cassandra FairbanksSee alsoTrump coalition coming apart? “It really makes me nervous that there seems to be some enthusiasm for the...

On another front tack.Zero HedgeChina Launches Massive Combat Drill In Hainan As War With Taiwan "Becomes More Probable" Tyler Durden

In this statement released Wednesday, a group of international law experts warn that a U.S. military strike on Syria would be illegal if not in self-defense or with U.N. Security Council authorization. Illegal aggression, torture, assassination? Meh. (Who's going to do anything about it, tell me?) Consortium NewsInternational Lawyers: Strike Against Syria Would Be Illegal