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Mike Norman Economics

Tech-Tonic Shift in Sino-Russian Cooperation — Nivedita Kapoor

Russia-China engagement in the military-technical field has ‘strategic importance’ for both parties, with bilateral cooperation on the upswing since 2010. This has gained momentum in the aftermath of the 2014 Ukrainian crisis, with Russia shedding its earlier reluctance to sell latest technology to China, signing deals for supply of Su-35 fighter jets and the S-400 missile defence system. The two sides are also engaged in joint projects, and Russia has agreed to help China develop its...

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Cryptocurrency Short Comment — Brian Romanchuk

Although I had written a couple of theoretical articles some time ago, I have largely ignored cryptocurrencies. However, there has been enough newsflow about them that I decided I could do a drive-by comment. In case one wants an investment recommendation, all I can say is that the underlying problems they face are straightforward, I have no way of knowing the timing.The thing I find most interesting is that attention has switched to Dogecoin, which is a meme coin. The reason why this has...

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ZH — Goldman Scrambles To Comfort Its Clients Who Are Freaking Out About China’s Soaring Prices

Factors putting upward pressure on commodity prices:1. China is switching emphasis to "dual circulation," that is, focusing on domestic consumption in addition to exports. This increases domestic demand. In addition, as decolonization proceeds globally and the emerging world begins to increase domestic consumption generally, commodities in limited supply will increase in price.2. Dc-carbonization will involve a shift in energy sources and also affect energy prices. Coal has been a relatively...

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