Mike Norman Economics

 I never knew about the tragic story of Badfinger as they were not of my generation and they didn't make my type of music. The other day, though, I came across this video and it's an incredibly sad story. The singer / songwriters, Pete Ham and Tom Evans, were under enormous pressure, believing they had lost everything. First, Pete Ham took his life, but a few years later the tragid story repeated itself which led to Tom Evans doing the same. If you found the video interesting and want to...

China appreciates that Uzbekistan has a fairly developed internal railway network and has potential as a regional hub. Thus, as part of its Belt and Road Initiative, China has longstanding plans to construct a railway from Xinjiang through Kyrgyzstan to Uzbekistan and onward to Turkmenistan (and Iran.) The main hitch has been that Beijing insisted that the new rail line should adopt tracks with 1,435 millimetres width, which China and most of the world use, while the Soviet-era Russian gauge...

Some spooky stuff! Parallel universes, alternate dimensions or multiverses are fairly common when it comes to sci-fi movies,  whether that be the Spider-Man movies, Star Trek or the animated Coraline or even the cult classic Narnia. But what if living in a parallel universe is not just a far fetched concept that could only exist in feature films? What if we are living in one right now?Welcome to Factnomenal and in today’s video we will dig deep into why Scientists so strongly believe that we...

Summers is correct here but this is not monetarism it’s textbook MMT 101, ie too much fiscal and not enough real causes inflation… March net spending of an unprecedented $985B IN ONE MONTH (October just ended $500B) and several subsequent extreme months has caused the current “inflation!”…It's priceless to see the look on a CNN anchors face when they are exposed to the truth... like a vampire in the sunlight ?https://t.co/knqgSoCDOK— Bongino Report (@BonginoReport) November 12, 2021...

Other side of the dialogue opposite the “climate!” nutters:In this 9-minute interview/debate on @GBNEWS, available in full on Twitter for the first time, I explain why COP 26 is not a progressive scientific conference but an anti-human, primitive-religious attempt to commit mass genocide. pic.twitter.com/sYNr5NzQfv— Alex Epstein (@AlexEpstein) November 10, 2021

Alibaba's e-commerce platform Tmall generated 540.3 billion yuan (about 84.54 billion U.S. dollars) in gross merchandise volume (GMV) during the annual shopping bonanza from Nov. 1 to 11, reflecting a dynamic Chinese consumption economy....More than 290,000 brands have participated in this year's shopping promotion, and over 45 percent of consumers that made purchases were born in the 1990s and 2000s, according to the company. Consumers born in the 2000s increased by 25 percent year-on-year,...

US trained and armed Afghan security forces are joining ISIS-K, which makes the US 'withdrawal' from Afghanistan look more like an American 'repositioning' to keep chaos hummingThe CradleAfghanistan: between pipelines and ISIS-K, the Americans are still in playPepe Escobarhttps://thecradle.co/Article/columns/3455

Interview with MMT economist Fadhel Kaboub who is from Tunisia.Rosa Luxemburg StiftungModern Monetary Theory: A Tool for the Global South?In conversation with Dr. Fadhel Kaboubhttps://www.rosalux.de/en/publication/id/41284/modern-monetary-theory-a-tool-for-the-global-south 

My bets are against stagflation.

Pepe Escobar explains the intersection of geopolitics and geoeconomics in the heartland that will be crucial in shaping in the rest of this century. This is a high stakes game for the major players and the outcomes are uncertain.Asia TimesNew Great Game in the Caucasus and Central AsiaPepe Escobarhttps://asiatimes.com/2021/11/new-great-game-in-the-caucasus-and-central-asia/See alsoSouthfrontHuawei Excluded From Brazilian 5G AuctionLucas Leiroz, research fellow in international law at the...