Mike Norman Economics

Germany’s domination of the EMU is clear both in political and economic terms. The current political impasse within Germany will not change that. Once resolved the on-going government will continue in the same vein – running excessive fiscal surpluses and huge external surpluses. It can sustain those positions because it dominates European policy and can force the adjustment to these overall ‘unsustainable’ positions onto both its own citizens (lowering their material living standards),...

You might find this of interest. As a bonus, it explains some fundamental principles of mathematical modeling. Hierarchy appears to be an inescapable feature of animal, including human, societies. There are dominants and subordinates, bosses and employees, rulers and subjects, and an individual’s position in the social hierarchy to a large degree determines fundamental aspects of his or her life, including one’s health, access to resources, and influence in society. From the individual’s...

Anatoly Karlin explains the coming 2018 presidential election in light of contemporary Russian politics. The Unz Review Russia Elections 2018: Elections as Regime ReferendumsAnatoly Karlin

And excellent interview of Stephanie Kelton which covers the difference between the Republicans and Democrats standpoint on the national deficit. Stephanie Kelton says why there would not be any inflation in an MMT economic system or with a job guarantee as spending would be carefully applied to where the economy is under performing which would increase products and services. She says how a UBI could create inflation as it would inject an enormous amount of new money into the economy without...

Looking better than it has in a long time that is for sure.  Still have monetarists out there who can do a lot of damage we just have to keep a weather eye out for trouble from them; but it seems like they are most likely to reverse bearish policies from this point not increase them.VIDEO: “The bottom line is that this global economic environment really is about as good as it gets.” $GS' Chief Economist Jan Hatzius on the 2018 macro outlook: https://t.co/g47FYnKy5a...

[embedded content] Via America’s Lawyer: Most people in the United States are under the impression that our government banned the use of asbestos decades ago, but the truth is that’s a lie. Asbestos is still widely used in many objects that you use every single day and to make things worse, the amount of asbestos that we import into this country has doubled in the last two years. Mike Papantonio, host of America’s Lawyer, discusses this with Farron Cousins. I remember a BBC program in the...

The Russia Investigation shifts to Clinton's Political Rivals Jumping the shark? How long are American liberals going to put up with this nonsense? How long before they wash the mud from their eyes and acknowledge what should be as plain as the nose on their face; that their precious investigation of Donald Trump is nothing more than a witch hunt designed to intimidate or destroy political rivals? The persecution of Jill Stein strips away the facade once and for all exposing Russia-gate...

Good summary of the narrative manufactured to distract from Democratic failures and to discredit the 2017 US general election. This is the sort of behavior previously seen almost exclusively in banana republics. What are the consequences of the spectacle the media call (with characteristic originality) ‘Russiagate’? The most immediate consequence is that, by finding foreign demons who can be blamed for Trump’s ascendancy, the Democratic leadership have shifted the blame for their defeat...

Modest improvements overall.Marketwatch 6663rd quarter GDP revision, November income and outlays, durable goods, new home construction, new and existing home salesrjs