Mike Norman Economics

In October 2022, about eight months after the war in Ukraine started, the University of Cambridge in the UK harmonized surveys conducted in 137 countries about their attitudes towards the West and towards Russia and China.The findings in the study, while not free of a margin of error, are robust enough to take seriously.These are:For the 6.3 billion people who live outside of the West, 66 percent feel positively towards Russia and 70 percent feel positively towards China, and,Among the 66...

This is a useful analysis from a conservative Russian point of view of the unfolding of the present situation globally and the alternative scenarios for the Ukrainian conflict.english.almayadeen.netFrom special operation to full-scale warAlexander Dugin

Corruption watch. (h/t Naked Capitalism)Glenn GreenwaldNew SBF Indictment Exposes How Washington Really Works. Plus, Investigative Reporter Lee Fang In-Studio!EschatonEverything Is CorruptAtrios

Dud. The weapon failed to explode and to the degree it did detonate, it was a direct hit on US allies in Europe.AntiWarWhite House Believed ‘Economic Nuclear Weapon’ Would End Russian War in UkraineKyle Anzalone

The trajectory of mainstream economics can be understood in terms of how the discipline historically responded to moments of crises by attempting to “theoretically fix” the understandings related to five core “questions” of capitalist political economy – namely land, trade, labour, state, and legal-institutional framework. This involved legitimising improvements in land that led to the dispossession and the destruction of the commons, justifying free trade based on comparative advantage as...

Federal Reserve Chairman Paul Volcker is widely acclaimed as the person who vanquished and conquered inflation in the early 1980s. By implementing a monetary policy inspired from Monetarist prescriptions, he is thought as having restored the ability of the Fed to control the money supply and to bring down price instability. Yes, the economy suffered but the pain was worth it. Volcker received many accolades with Chairman Alan Greenspan considering him the “most effective chairman in the...

China criticizes the distributional structure of the US economy. China appears to be becoming more aggressive in the information war that the US has dominated until recently.ECNSRising Economic Polarization in the United States: Truth and FactsXinhua

 I don't know if any of you saw this, but last weekend I was in Granite Falls, WA, doing a wilderness survival training course. It was the hardest thing I ever did. Tested me to the limit, even more than my rim-to-rim Grand Canyon day hike in 2021.Nonstop rain, cold. Slept outside under a tarp. Had really poor equipment. I had to learn to compartmentalize my thoughts into half hour intervals just to get through the night. No sleep, by the way. I simply couldn't.Frankly, I am still processing...

 I did a video on attachments and how attachments are a source of our suffering. (Buddhist concept.) I related it to investing and trading. (i.e. we are "attached" to the outcomes.)People got pissed off. They unsubscribed or criticized me on talking about this.Is this normal? I've been trading for over 40 years. Been a member and floor trader on 4 exchanges. Managed money for a major hedge fund. Ran a proprietary trading desk for a major international bank.Economist by education. (Wharton,...

Full text.Ministry of Foreign Affairs of the People's Republic of ChinaChina’s Position on the Political Settlement of the Ukraine Crisis2023-02-24 09:00