Mike Norman Economics

India PunchlineBiden-Putin summit is onM. K. Bhadrakumar | retired diplomat with the Indian Foreign ServiceTASSRussia will never turn the other cheek in foreign policy matters, top diplomat [Lavrov] saysThe Vineyard of the SakerPutin: If They Try To Bite Russia, We’ll Knock Out Their Teeth So That They Cannot Bite!The SakerAlso at VSThe Disintegrated States of AmericaPepe Escobar

 China WatchECNSSouth China's Guangxi launches new China-Europe freight-train service

Greater fool theory.Zero HedgeTales From The Sh*tcoin Boom: "It's Global, It's 24/7 And It's Completely Unregulated"Tyler Durden

Climate Change WatchVice The Largest Iceberg on Earth Has Just Broken Off of AntarcticaBecky FerreiraSee also“It’s not an area that is undergoing any significant change because of global heating. The main message is it’s part of a natural cycle,” says Alex Brisbourne, a glaciologist at the British Antarctic Survey.New ScientistWorld's largest iceberg has just broken off an Antarctic ice shelf Adam Vaughan

Really nice depository and credit system they are running here where the institutions can’t accept any more deposits and can’t make any more loans:U.S. banks ready to start limiting balance sheet growth: Fed survey https://t.co/203gbX45my— Report on Business (@globebusiness) May 20, 2021 A nice contraction in inventory finance credit should help to shrink product inventories even further and increase prices too!  Good job moron assholes!

CGTN removed its video on US-Israel relationship from Twitter after accusation of antisemitism. You be the judge[embedded content]Carl Zha - Chinese state media CGTN "antisemitic" video deleted from Twitter

We are so screwed.... all you leftist assholes here who supported this guy are to blame..,Ronald Reagan, 77, versus Joe Biden, 78. pic.twitter.com/tDs1l1ke6d— tsar becket adams (@BecketAdams) May 19, 2021

Like the title says, a summary. Worth reading because of who wrote it. Branko Milanovic is a go-to guy on this topic.Global InequalityNotes on global income inequality: A non-technical summaryBranko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Stone Center on Socio-economic Inequality, senior scholar at the Luxembourg Income Study (LIS), and formerly lead economist in the World Bank's research department and senior...

My Grand Canyon hike.

 Last year I came across a terrific song which was used in a demonstration video for putting solid tyres on a bike. Shazam identified it as Be Mine GF by some dance DJ, but I knew he didn't make the song as his music was hard core techno. He must have just liked the song and put it in his profile. I've been trying to find the artist of this lovely song ever since, but only today did I find out it was a little known Jewish musician called, Assef Ayalon. He's a brilliant singer and guitarist,...