Mike Norman Economics

Jimmy Dore say's Jeff Bezos net worth is $112 billion, and owns the Washington Post, hangs out with the Pentagon and the CIA, and has all your data and spy stuff, so what could wrong, he asks, when he can see Jeff Bezos stroking a cat with a diamond studded collar, sitting on a dolphin skin covered chair, you know, like Goldfinger or Dr No.Amazon paid no tax in 2017, but it turns out that the government owes Amazon £137 million instead. A capitalism success story, while all the other...

LOL! Can you please narrow it down a bit for us!Elizabeth Warren predicts financial crisis within the decade if banking reform bill passes https://t.co/YzbFhRDNSp pic.twitter.com/rr7ngGULnX— Washington Examiner (@dcexaminer) March 8, 2018

MAGA: US Steel calling back 500 Granite City, Ill., workers after Trump tariff announcement https://t.co/uH1Zm3rZn6 — Modern Metals (@ModernMetalsMag) March 9, 2018

Here we go....Ex-Trump Chief Strategist Bannon: Cryptocurrencies Make Central Banks Redundant https://t.co/xb1lIT4fp9 #Bitcoin pic.twitter.com/Vwrbe34Dku— Bitcoin News (@BTCTN) March 8, 2018

Markets are already on to this. But the Fed will soon be joined by other central banks in tightening policy. Where I spoke of policy divergence last September, now we can speak of policy convergence.... Of course, the zombies will get it wrong as usual. Credit Writedowns Global Policy ConvergenceEdward Harrison

Looks like he's out of the dog house with Melania over the porno woman thing now too! Happy #InternationalWomensDay“First Lady Melania Trump to Present the 2018 International Women of Courage Award” https://t.co/EwYtFXGvn2 — Donald J. Trump (@realDonaldTrump) March 8, 2018 ‘Please, Mr. President, we beg you sir, we don’t want to win anymore. It’s too much. It’s not fair to everybody else!’ 

Leaders of the two US military branches have warned that China is “weaponizing capital” - buying strategically valuable land from other countries to give themselves a military edge to “win without fighting.”During a House of Representatives Appropriations Defense Subcommittee hearing on Thursday, US Secretary of the Navy Richard V. Spencer told lawmakers that the issue of Chinese land purchases "keeps me up at night." "When it comes to China, the bottom line there is the checkbook," he...

Art of the Deal:

Accounting and national accounts.AsymptosisWealth and the National Accounts: Response to Matthew KleinSteve Roth

Here is my forecast for tomorrow’s jobs report.