Mike Norman Economics

The FBI just released the results of their investigation claiming that the media mogul and found of RT killed himself by repeatedly smashing his head and upper body into the ground. In November 2015, the Free Thought Project reported that Mikhail Lesin, the former head of media affairs for the Russian government, and the founder of Russia Today (RT), was found dead in the hotel room that he was staying at in Washington DC. Originally, authorities announced that Lesin died from a heart...

Trump has been bragging about the stock market's gains, but what we don't hear about is the fact that the US dollar has eroded badly. Since his election the dollar has fallen to a 3-year low.Trump is destroying the US dollar.I called this at the time of the election and I said it was based, at the time, on two things. 1) Trump's  proposed expansion of fiscal stimulus. (More spending and tax cuts.) And, 2) the ongoing rate hike campaign of the Fed, which is inflationary and therefore NOT...

Nice report from Boeing this quarter; $3.06 vs. $2.89 expected.  Projecting 7% growth in real output for 2018 too. Not too shabby...thank you low oil prices.Boeing flying high; OPEC Venezuela in the shit hole.  Let's get another 7 years of this then maybe it will be  back close to "even"... Boeing aims to lift jetliner output nearly 7 percent in 2018 https://t.co/wbf24loQUC — Brian Poncelet (@Brian_Poncelet) January 31, 2018

The Economist: Humanity teeters on the brink of world war When will the Western electorate wake up the what's going on? KV James Cogan The Economist magazine, the influential London weekly described by Karl Marx over 150 years ago as the “European organ” of the “aristocracy of finance,” has devoted its latest issue to discussing “The Next War” and “The Growing Threat of Great Power Conflict.” Its lead editorial opens with a chilling warning: In the past 25 years war has claimed...

Have you seen this, it's about the Neocons. I don't know if the BBC would make such a documentary today. It's really good. [embedded content]

Mentions Stephanie Kelton. In addition to trying to set up a framework to understand these phenomena for the future book, I also saw a tweet from Stephanie Kelton talking about the downward revisions of potential RGDP and potential NGDP both in level and growth rate [3]. She thinks that 2% growth going forward is too pessimistic -- saying we can get 3% growth. Now the model above says that the dynamic equilibrium is 2.4% (so I'd agree that 2% growth is a shade pessimistic, see [3]).But...

Lawrence Freedman, emeritus professor at King’s College London [said], “the main concern is clearly not wanting to upset Russia more.” Au contraire. I suspect that the biggest reason — and one that no one in the US government will talk about above a whisper in a secure room — is that the US is one the verge of losing Europe and either the president has figured this out for himself or he is being told by his advisers. The US is also losing global leverage based on soft power. The US must...

“The President has committed, as a matter of strategy, that we will not leave Syria. We are not going to declare victory and go. And that is not my opinion; that’s the President’s strategic judgment. We’re going to stay for several reasons: stabilization and assistance in the vital north and northeast, protection of our allies the Syrian Democratic Forces, who have fought so valiantly against ISIS in the northeast, try to work to help transform the political structures in that area to a...

When US meddles in others people's elections, which is all the time, it's for their own good Same with regime change operations, including coups, even if it involves installing brutal dictators and dictatorial regimes like the Shah in Iran and Pinochet in Chile.Russia InsiderAmerica's Democratic Hacking Is Totally Unlike Russia's, China's Undemocratic Hacking - Ex-Pentagon ChiefAlexandre Antonov

The BBC attempts to whitewash a murder. Warning: This story includes Adams' photo of the moment of the shooting, and graphic descriptions of it. It was an execution but war justified it, you see.The article laments that the murder's career was (almost) destroyed by it.Reminiscent of the many years of British colonialism, and why the Brits became hated even by their close neighbors, the Irish, who were also colonized. (Disclosure: I inculcated in the details of this as a child by the Irish...