Mike Norman Economics

No longer content with Miami condos and London townhouses, investors are pouring money into properties in all corners of the world, fueling inequality and driving up prices, Pandora Papers investigation reveals.…The has a precedent in the earlier Gilded Age and the time of great industrial entrepreneurs when the great fortunes that founded American oligarchic dynasties bought up choice RE around the world, even Africa. ICIJSecret real estate purchases are a driving force behind the offshore...

It’s Wednesday and today, apart from presenting some great music, I am commenting on the ridiculous notion, that even progressive greenies propagate that we need to harness the financial resources of the markets (Wall street types) to help governments decarbonise their societies. The narrative that has emerged – that the financial CEOs with “trillions in assets” (all at COP26 because they could smell lucre) are a key to solving the climate challenge – is as ridiculous as progressives saying...

The president's team doesn't seem to realize yet that the Strategic Petroleum Reserve is a buffer stock, especially when dealing with a cartel, or else they don't know what a buffer stock is. Or they are so market oriented, it isn't on their radar. But why pretend there is a free market when there is a cartel and Saudi Arabia is the swing producer.OilpricePressure Mounts On Biden To Tap U.S. Oil ReservesTom...

Can't expect the market to run up every day without some pause. However, stay focused on the fundamentals. They remain bullish.

Backgrounder.At the end of his 1997 book The Grand Chessboard, Zbigniew Brzezinski concludes: America must “maneuver and [manipulate] in order to prevent the emergence of a hostile coalition [in Eurasia]…. The most immediate task is to make certain that no … combination of states gains the capacity to expel the United States from Eurasia.”Today, almost 25 years after Brzezinski published these words, we can conclude that his worst fears have come true: A Eurasian coalition, a Eurasian...

One guy is worth about £340 million, but he won't stop working 24/7 because he says he is scared of bankruptcy. He was born in a very poor Gypsy family and worked his way up. From millionaires to silver-spooners, old money to using Tik Tok to make your millions. Kathy Burke talks money with people who have a lot of it. [embedded content]The Really, Really Rich | Kathy Burke: Money Talks

Higher energy prices translate into higher inflation.India PunchlineOil price stalks another superpower - Indian PunchlineM. K. Bhadrakumar | retired diplomat with the Indian Foreign Service

I have been researching the so-called labour shortage that business types are talking about relentlessly as part of their on-going strategy to undermine the conditions of work and make more profit. In the course of that enquiry, I came across an interesting juxtaposition between two US companies that illustrate a lot of what we have known about for years but have allowed this relentless, neoliberal, race-to-the-bottom to obscure. Well-paid workers with job security, work better and are happy...

I think rather the dogs have to reduce the Time Response of their sensory/control systems….It’s not speed that enables the rabbit to survive, it’s ongoing sporadic change in direction.The only way to defeat such irregular sampling is for predators to sample even more sporadically.Complex problems are not solved by targeting, they’re solved by leveraging randomness. https://t.co/y2rVDY6Hfx— Sean McClure (@sean_a_mcclure) November 7, 2021

Dealerships note that customers face weeks-long delays for tractor and equipment parts that would typically take several days to fulfill. These parts and components are crucial for farmers to keep combine harvesters and other farm equipment humming during harvest season to stay ahead of the wintry season....Another supply-chain problem.Zero HedgeFarmers Wait Weeks For John Deere Parts As Strikes Paralyze Midwest...