Mike Norman Economics

Today, the Federal Service for Labour and Employment of Russia (Rostrud) opened access to skillsnet.ru – a Russian professional networking platform powered by Rabota v Rossii (Work in Russia) employment web portal. The main idea is to develop skillsnet.ru to become the Russian alternative of the blocked LinkedIn. The new platform will host user profiles (with work experience, skills and achievements), professional groups, job opportunities for young talent and employer reviews.......

Focuses on economic challenges that China faces and downplays the military threat. I think that both are involved in consolidation of power. The Chinese leadership realizes that it is considered the primary adversary of the US and the chief competitor for global influence in the future. China also perceives America as preparing to act to preserve its global hegemony economic and politically. This is about trimming the ship for economic and possibly military war. China also perceives...

Trump has now said it looks like Russia was behind the Skripal and his daughter poisoning. He is a puppet and has given in to the Zionists. He knows perfectly well Russia didn't do it, but I guess the pressure was enormous. But President Emmanuel Macron says he wants more evidence. Let's hope other European leaders come to their senses and line up with Macron.  I've been putting this out all morning on YouTube -  Theresa May isn't telling truth when she says the that the “novichok” formula...

Abduction in this sense is reasoning to the best explanation based on relevant information available. (The use of "abduction" by C. S. Peirce, the originator of the term, is somewhat different. See abductive reasoning) Math is an instrument of deduction. Deductive reasoning proceeds logically from a stipulated starting point, e.g., axioms, postulates, using deductive logic or mathematics. Abduction involves constructing conceptual or mathematical models based on what is given. To...

Trendlines mean nothing.

Bill addresses a major objection to MMT.Note: I am reading the post from the RSS feed. I am getting a database error message in trying to connect with Bill's site. I have been (involuntarily) copied into a rather lengthy Twitter exchange in the last week or so where a person who says he is ‘all over MMT’ (meaning I presume, that he understands its basic principles and levels of abstraction and subtlety) has been arguing ad nauseum that Modern Monetary Theory (MMT) proponents are a laughing...

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...

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.

 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]

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...