Mike Norman Economics

Backgrounder on what to expect.Zero HedgeTrump Warns Xi: Trade War With China Begins Monday Tyler Durden

Stocks and flows at the macro level.heteconomistShort & Simple 15 – The Sectoral Balances IdentityPeter Cooper

A recent op-ed on this blog by Paul Kupiec misstates the Clearing House’s criticism of the supplementary leverage ratio. Kupiec’s article indicates that the Clearing House’s position is contained in a recent article by Darrell Duffie, a professor at Stanford University. Although Professor Duffie’s article appeared in the Clearing House’s quarterly journal “Banking Perspectives”, his views were his own, and he received no compensation from the Clearing House. We will let Mr. Kupiec debate...