Mike Norman Economics

After de-dollarization, cutting loose from Western, and especially American, technology.Russia and China will go their own way and are already doing so.Globalization is over, as the world breaks into separate regions, Global East and Global West, Global North and Global South.Presages growing conflict and a stepped-up arms race as the Post WWII "liberal order" breaks down.Sputnik InternationalUS Oracle Informs Russian Oil, Gas Companies About Joining Sanctions - ReportsSee alsoNow That the...

The latest news from the US, other than the regular counts of the number of times the President has lied on any particular day, is that there is a wages breakout looming. Yes, you read that correctly. The CNN report (February 2, 2018) – America gets a raise: Wage growth fastest since 2009 – was representative of the media responses to the latest data from the US Bureau of Labor Statistics on the same day. We read that “Economists say its time to take note of how strong , or ‘tight’ the U.S....

Often, I hear economists saying that they never realized that adjustment in the Eurozone would come via lower wages.... econoblog 101“The fourth instrument” – Frits Bolkestein on the how to cope with economic crisis in the EurozoneDirk Ehnts | Lecturer at Bard College Berlin

I've been saying here for some time that from an economic point of that middle-class Tory supporters, especially those with businesses, would be better off voting for one of the other British parties. It's not always about economics that makes people vote for the parties they do, but many small businesses have been wrecked by the big banks that also own the Conservative Party.  We all know here how better wages means more customers for businesses, so more profits for the average...

George Galloway is amazing, he hits his targets with absolute precision, so not a dull moment here. They should one day put a statue up in London of George Galloway along there with Winston Churchill and Horatio Nelson as one of Britain's greatest national heroes. He went all the way to Congress and took on the whole of the rotten elite, the swamp, fearlessly. [embedded content] An impassioned George Galloway​ delivers a speech on imperialism and world politics at the Waterside Theatre in...

The publication of the Republican House Committee memo and reports of other documents increasingly suggest not only a “Russiagate” without Russia but also something darker: The “collusion” may not have been in the White House or the Kremlin. The NationRussiagate or Intelgate?Stephen F. Cohen | Professor Emeritus of Russian Studies, History, and Politics at New York University and Princeton University

Last night's release of the memo by Senator's Grassley and Graham asking the Department of Justice to open a criminal investigation of Christopher Steele for possible violations of 18 U.S.C. § 1001 provides critical confirmation of charges presented in the HPSCI memo prepared under the leadership of Devin Nunes, but it also confirms that Christopher Steele was not just some random guy offering good gossip to the FBI. He was an official intelligence asset. He was, in John LeCarre's parlance,...

I don't know much about Israeli News Live - who say they are waiting for Biblical prophesy to be fulfilled, so they sound a bit dodgy to me - but I like the first part of this video. Some good news at last, let's hope more European countries come on-board. [embedded content] After 4 years of dead lock thanks to the fears instilled by the former Obama administration Russia and Norwegian military officials meet in Moscow. The talks were aimed at trying to avoid misunderstandings. Elsewhere in...

Plug for Steven Pinker's newest. I hope it's not famous last words given the emergent challenges humanity is facing. Open CultureBill Gates Names His New Favorite Book of All Time: A Quick Introduction to Steven Pinker’s Enlightenment Now Dan Colman See alsoRussia Insider$850 Billion Not Enough for 'Mad Dog' - Wants $50 Bil More for 'Lethality' Jason Ditz | AntiWar

Download PDF at link below.The Levy InstituteThe Macroeconomic Effects of Student Debt Cancellation Scott Fullwiler, Stephanie Kelton, Catherine Ruetschlin, and Marshall Steinbaum February 2018 Yves comments.Naked CapitalismNew Study Finds Cancelling Student Debt Provides Broad Economic Benefits at Low Cost Yves Smith