Mike Norman Economics

China continues to rise.The Vineyard of the SakerChina newsbrief and sitrepGodfree Roberts

Interesting take. It would tend to account for the curious lapses of rationality on both sides, even among usually highly rational people in their own fields.How did American politics get to this point?As sports communication researchers who have written extensively on the vast and powerful influence of identity on attitudes and behavior, we believe our work can offer some ways to understand recent events....Administering a questionnaire that's used by sport communication researchers, we...

"Putin's Palace." Moon of AlabamaNavalny Scam Sells Empty Concrete Shell As 'Putin's Luxurious Palace'See alsoThis was linked to previously but it is relevant here.Dances with BearsAlexei Navalnys telling mistakeJohn HelmerFrom the other side. Meduza is a Russian private opposition media venue that publishes in Russian and English. (You may have to select the EN option in the nav bar.)MeduzaIt’s good to be the president Meduza spoke to contractors who helped build Vladimir Putin’s alleged...

Russian oligarch Arkady Rotenberg says he is the owner of an opulent Black Sea mansion, not President Vladimir Putin, as the leaders' critics had alleged.Mr Rotenberg said the property will be completed "in a couple of years" and is expected to become an apartment hotel.Earlier this week, the Russian president directly denied that he or his family owned it and described the video about it as "boring".BBC NewsBBC - Russian billionaire Arkady Rotenberg says 'Putin Palace' is his

A cheap, portable quantum computer, aimed at schools and colleges will be launched later this year.But is not very powerful and is mainly for universities to teach quantum computing.A Chinese start-up has unveiled plans to sell a desktop quantum computer costing less than $5,000. The new portable device is one of a range called SpinQ, aimed at schools and colleges. It is made by the Shenzhen SpinQ Technology, based in Shenzhen, China.Discovery Magazine A Desktop Quantum Computer for Just...

Bracing Views (chicken hawks) War and Meaninglessness in AmericaWJ AstoreZero HedgeFormer Navy SEAL: The Miseducation Of Antony BlinkenKenny MacDonald via The Libertarian InstituteThe HillTexas state Republican seeks to rename prisons named for slave ownersCameron JenkinsZero HedgeTexas Governor Orders Agencies To Sue Biden Admin For Climate Actions That "Kill Jobs"Tyler DurdenSputnik International (this stuff is starting to sound sane in comparison)Loch Ness Monster Already Spotted Three...

January actually ended down for these indexes...h/t @allstarchartsJanuary is officially in the books! Unfortunately for the bulls, both the S&P 500 and Dow closed negative on the month by 1.22% and 2.10%, respectively.January Barometer: As goes January, so goes the rest of the year.pic.twitter.com/aQHvQKxHV5— SKS1586 (@sks1586) January 30, 2021

 The "rabble" are learning about the power in numbers. Occupy Wall Street on steroids (munnie).Zero HedgeMark Cuban Presents A "Little Trick" For Creating The Mother Of All Short SqueezesTyler DurdenTraitor to his class?Wall Street On ParadeGameStop Promoter Keith Gill Was No “Amateur” Trader; He Held Sophisticated Trading Licenses and Worked in the Finance IndustryPam Martens and Russ Martens

PPP versus GDP, and other economic factors.Barkley Rosser asserts that the US is militarily superior. That is true on paper, but there is more to war fighting than numbers on paper, especially funds spent. The US no longer has a decisive military advantage over China strategically or tactically, especially if Russia were to get involved logistically. Oh wait, Russia is already involved logistically. Getting involved in a kinetic war with China would be insane. (Game theory, which is big in...

Looks like a pretty good thread on what has been going on this past week with the highly shorted stocks...I would just add that this is happening in a current environment of banking system equity/capital (the numerator) suddenly being reduced by $100b...And also realize that the market for US government securities operates in a similar fashion...  so if you think the Reddit people are trading directly with the Melvin people then you are as stupid as the people saying “we’re borrowing from...