Mike Norman Economics

I view this as a manifestation of the dominate historical dialectic of this century, traditionalism versus liberalism and decolonization, affected by climate change. The foundation of the social and political conflict in the US is not so much economic as it is driven by the paradox of integrating liberalism with traditionalism. Liberalism was dominant for an extended period and now the pendulum is swinging the other way, exacerbated by the demographics — America is now transitioning to a...

Is this a turning point for the world order? Alastair Crooke explains why this is so.Strategic Culture FoundationThe China Cold War Will Unstick America’s GlueAlastair Crooke | founder and director of the Conflicts Forum, and former British diplomat and senior figure in British intelligence and in European Union diplomacySee alsoThis is an incredible strategic blunder, to the point of being irrational. It is only explicable based on emotion supervening on reason, which is what hubris...

Steaks with some mental game.

ECB and BoJ are doing the same thing, even bigger, but no inflation, and critics are silent in these cases. You have to be consistent. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

China may have to nationalize the company. No one else has pockets that deep. This appears to be much bigger than GM, which the US government deemed it had to nationalize at the time of the GFC. Nationalizing means taking the entity on the government books. In the end the US government came out ahead on paper with GM, not that it mattered for a currency sovereign. However, China is not fully sovereign in its currency since it pegs to the USD. (Technically, China doesn't peg to the USD at a...

Omarova represents a triple threat to the insidious behavior of mega banks on Wall Street: she has an in-depth knowledge of how they operate; she is not timid about explaining it to investigative bodies in the U.S. Senate; and, as head of the OCC, she would have a bully pulpit to speak to the American people directly about the urgency of reining in the systemic risks on Wall Street.Omarova has already demonstrated to Wall Street that it should not underestimate her. In 2013 and 2014, the...

What happens when you don't think things through.CounterpunchThe China Initiative, a Flawed and Dysfunctional PolicyMel Gurtov

China fires back.ECNSChina issues fact sheet on U.S. intervention in Hong Kong affairsCGTN (Chinese state media)AlsoECNSFact Sheet: US Interference in Hong Kong Affairs and Support for Anti-China, Destabilizing Forcesfmprc.gov.cnRelatedECNSChinese ambassador to U.S. expounds on China's whole-process democracyXinhua (Chinese state media)

Innovation!A consistent innovation policy, increased spending on education and science and the ability to translate all these into sound results are behind China's current role as a global innovation leader, a senior official from the World Intellectual Property Organization (WIPO) told Xinhua on Thursday.As per the WIPO's "Global Innovation Index (GII) 2021" released on Monday, China is still the only middle-income economy among the world's top 30 most innovative countries. It has...

OTT TV offers television or film contents that viewers access with a high-speed internet connection instead of cable or satellite TV subscriptions.ECNSChina has 955 mln over-the-top TV users: reportXinhua (Chinese state media)