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Mike Norman Economics

Senate voted 67 to 31 for Bank Reform

Now over to the House...This from the article: The bill would allow custody banks such as BNY Mellon and State Street Corp to exempt the customer deposits they place with central banks from a stringent capital calculation requirement. Is this supposed to mean that it does not apply to banking firms such as JPM, C, BAC, etc? Here is the language from the S.2155 Definition.—In this section, the term “custodial bank” means any depository institution holding company predominantly engaged in...

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The Real News – Debate: Syria, Ghouta, and the Left (2/2)

Rania Khalek wipes out Yasser Munif in a debate about Syria. See how Rania Khelek defends the head-chopping ISIS terrorists. KV [embedded content] In a complex proxy war that has killed so many, where should leftists and people of conscience stand? In the second part of their discussion, independent journalist Rania Khalek and scholar Yasser Munif debate the ongoing siege of Eastern Ghouta and the wider Syrian war.

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The Back of the Rack at MNE

 A few oldies but goodies from MNE re Larry Kudlow:Here's a doosy: Larry Kudlow: Cut gov't spending by $750bln and the economy will surge! And another beauty, looks like Newts wife has some splainin' to do:Eric W. Dolan — Larry Kudlow wonders if Pope Francis understands freedom Apologies to  Sec. Mnuchin in order (must have been at start of QE): Larry Kudlow burns a dollar on TV And last but not least Mike on with Larry Kudlow back in 2012! (S&P 1400) [embedded content]

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Nat Parry — Torture-Tainted CIA and State Nominees Recall Failure to Prosecute Bush-Era Abuses

The declining human rights standards on display with the Haspel and Pompeo nominations are the latest in a long line of policy failures that include the Obama administration’s lack of prosecutions of Bush-era torture, Nat Parry notes. If a person is OK with torture and assassination, that person is OK with anything. Is this an indication of psychopathology or more seriously, sociopathology? Consortium NewsTorture-Tainted CIA and State Nominees Recall Failure to Prosecute Bush-Era Abuses Nat...

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Pam and Russ Martens — The Deutsche Bank-Trump Connection: Why House Probe Abruptly Shut Down

It now appears that a major contributing factor to the abrupt shutdown of the Russia-Trump probe by the House Intelligence Committee was a fear that the Committee was getting too close to Trump’s dealings with Deutsche Bank and Deutsche Bank’s dealings with Russia.... The draft report from the Democrats on the House Intelligence Committee also contains this bombshell: “Moreover, as the Committee has learned, candidate Trump’s private business was actively negotiating a business deal in...

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Edward Curtin — Further Signs of More War: A Most Dangerous Game

Concur. The march to war has begun after the public has been prepared. Just a matter of time now.Dissident VoiceFurther Signs of More War: A Most Dangerous Game Edward CurtinSee also Russia is warning the United States firmly that it will not tolerate attacks on its military forces in Syria. The Russian policy mirrors Washington’s own, but the Kremlin has never spoken so forcefully to reiterate that it will retaliate if its forces are attacked. However, the Russian policy only applies to...

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Daily Mirror: Gareth Williams- MI6 dirty secrets.. why do sex games appear to feature in so many spy deaths?

Disposing of an enemy and making it look like a perverted fantasy gone wrong is in the training manuals of every spy agency from MI6 to Mossad All intelligence agencies have clever ways of bumping people off without it looking like murder, so it is extremely unlikely that the attempted murder of Sergei Skripal was by Russian intelligence.  The kinky sex experiment gone wrong is probably not used much anymore by MI-6 because it started to get a bit obvious. But the murder of Gareth...

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Trump picks Kudlow. I am going to make a fortune.

Tom put it correctly a short while ago when he called it a descent into farce.Larry Kudlow is a moron, there's no two ways to put it.From his goofy "Free market capitalism is the best path to prosperity," chants to his jingoistic, "King Dollar" slogan, the guy is a quack.Kudlow got everything wrong in the crash.1) He predicted hyperinflation from the Fed's monetary policies. 2) He said the dollar would crash. (Also from the Fed's policies.) 3) He said that interest rates were going to...

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Jefferson Morley — New CIA Director Gina Haspel Has a Long History of Pushing for Torture

She also enjoys the support of top Obama officials.  AlterNetNew CIA Director Gina Haspel Has a Long History of Pushing for Torture Jefferson Morley, AlterNetSee also While the ACLU does not take positions on nominees, we do take a strong stance against torture. Blog of Rights: Official Blog of the American Civil Liberties UnionWhat the Senate Needs to Know About Gina Haspel Christopher Anders, Deputy Director, ACLU Washington Legislative Office alsoAmerican ThinkerJames Clapper: Deep...

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