Mike Norman Economics

You may find this interesting. Mike strongly emphasizes "the mental game."ForbesThe Spirituality of Trading Brett Steenbarger | Clinical Associate Professor of Psychiatry and Behavioral Sciences at SUNY Upstate Medical University in Syracuse, NY; performance coach for hedge fund portfolio managers and traders, and author of several books on trading psychology

Just days after Beijing officially launched Yuan-denominated crude oil futures (with a bang, as shown in the chart below, surpassing Brent trading volume) which are expected to quickly become the third global price benchmark along Brent and WTI, China took the next major step in the internationalization of the Yuan, challenging the Dollar's supremacy as global reserve currency, when on Thursday Reuters reported that China took the first steps to paying for crude oil imports in its own...

Apparently we are due for some excitement in Treasury market, as per the analysis in "A Debt Crisis is on the Horizon," penned by the luminaries Michael J. Boskin, John H. Cochrane, John F. Cogan, George P. Shultz and John B. Taylor. As a regular reader might suspect, I am somewhat skeptical about the claims in said article. That said, one may note that the discussion therein is not totally incompatible with a Functional Finance framework, although we would need to paraphrase what they...

A little bit of optimism, I thought, in this interesting video, although a little dry at first, but it's worth persevering with.   [embedded content] Are the neocons being cornered, is neoliberalism being outpaced and about to die with another banking cras eminent? Are the Europeans fragmented over Russia? Does great evil initiate a response of even greater good and so could peaceful China eventually subdue rotten West? Could Chinese dollars locked away unused at the fed be used to...

A Russian businessman who claimed he was 'marked for death' by Vladimir Putin in London has fled the UK - claiming the real threat to his life comes from British secret services. Sergey Kapchuk, 45, filmed last week flanked by two bodyguards, says he is now in hiding in fear of his life somewhere in Europe. “Basically, they [the British] had blocked all my accounts and are forcing me to come back.” He would not return in the near furture. "I am not sure about my safety in London,” he...

Smackdown. The DuranFurious China ramps up support for Russia on Skripal, calls West’s actions “outrageous” Alexander MercourisSee alsoThe National InterestRussia and China Are Now Building Weapons Together Dave Majumdar | Defense Editor

Does the launch of the petro-yuan represent the ultimate deathblow to the petrodollar – and the birth of a completely new set of rules? Not so fast. That may take years, and depends on many variables, the most important of which will be China’s capacity to bend, tweak and ultimately rule the global oil market. As the yuan progressively reaches full consolidation in trade settlement, the petro-yuan threat to the US dollar, inscribed in a complex, long-term process, will disseminate the Holy...

It seems that the 'Novichok' fairy-tale the British government plays to us provides for a happy ending - the astonishing and mysterious resurrection of the victims of a "military grade" "five to eight times more deadly than VX gas" "nerve agent" "of a type developed by" Hollywood.... Did the Brits jump the shark? Moon of Alabama"She Is Risen!" - Last Act Of 'Novichok' Drama Revealed: "The Skripals' Resurrection" balsoSouthFrontSkripal Case – The Big Picture Written by J.Hawk exclusively...

Is getting ready to pull out of Syria?SouthFrontTrump: US Will Withdraw From Syria “Very Soon” Or, is the US digging it for the long haul? US Deploying Heavy Military Equipment To Consolidate Its Presence In Syria’s Al-Tanf – Russian Foreign Minsitry

Chasing Amazon. Reuters Walmart discussing closer ties with Humana, including possible acquisition: sources