Mike Norman Economics

Xingjian is open to tourism now because the terrorist problem is under control, and Westerners travelling there and finding no evidence of cultural genocide, and that everything seems fine with the Uyghurs. So the West has started backtracking on the propaganda a little bit. AP’s recent trip to Xinjiang, China has revealed not only zero evidence of “cultural genocide” but has exposed the lies the Western media (including AP) have told international audiences for years about the conditions in...

I failed to summit my first 14er because I was mentally weak.

Perhaps the biggest reason is that China is leapfrogging retail storefronts and going directly to ecommerce. But there are other factors to consider as well. For example, China is highly digitized in many respects that affect retail. The result is that the Chinese are turning from savers into consumers, which is an essential in the transformation from an investment-export led economy into a consumer-dominant economy, that is, producing chiefly for the domestic population rather than chiefly...

Light at the end of the tunnel.Hellenic Shipping NewsFreight rates drop on popular shipping routes in sign that supply chains normalise soonInternational Shipping News

It’s Wednesday and my blog-lite day or so it seems. Today I briefly discuss the proposition that the British government can run short of sterling. It cannot unless it chooses to do so. And the basis for choosing to do so would be deeply irrational and irresponsible, when judged from the perspective of advancing the well-being of the citizens. I also reflect on the vested interests in the financial markets and the way they get platforms in the media and policy making circles to advance their...

Seems like everyone is all in on “stagflation!”… or have to be very close to all in..

Some investors are betting on inflation to follow the spike in the money supply in 2020. While this is possible, the money supply has been increasing for more than a decade but inflation has fallen consistently over the same time period.The UK data highlights a strong positive correlation between the BOE’s balance sheet, money supply, and inflation between 1947 and 1995. But thereafter, the relationships broke down. Money supply and inflation still moved in tandem, but the central bank...

Important. Gets off to a bit of a slow start but hang in there.PalladiumThe Triumph and Terror of Wang HuningN. S. Lyons

India PunchlineA face-off over Nord Stream 2M. K. Bhadrakumar | retired diplomat with the Indian Foreign ServiceSputnik InternationalUS Naval Institute Claims China Testing Unmanned Combat Ships at Secret Naval BaseDeployment of S-400 by China at Ladakh Border a 'Grave Threat' for India, Warns OppositionKim Jong-un Blasts US as 'Root Cause' of Inter-Korean Tensions, Vows to Build 'Invincible Military'North Korea Shows Off Newly-Developed Hypersonic MissileThe Duran (Global Times...

 Adolph Reed says how some of the left are playing right into the hands of the fascist, authoritarian, alt-right when they engage in anti-govt rhetoric, like their anti-vaccination and anti-mask mandates. He also says how it backfired on the liberals when they told poor white Americans - whose communities had collapsed because all their jobs had been off-shores - about White Privalage, as they did not feel privileged at all. Adolph Reed says, "The right-wing political alliance anchored by...