Mike Norman Economics

Telecoms research community Cambridge Wireless has refused to bow to UK political consensus by partnering with Huawei for its latest 5G venture Apparently, Huawei's 5G is the only real one available at the moment, all the others are 4.1G, etc. I've been told on twitter that Boris Johnson is pro Huawei 5G too, and he might be able to reverse his government's decision on Huawei when Trump has gone.They will build a private 5G network at the Cambridge Science Park, which is owned by Cambridge...

AAII sentiment survey indicated bullish outlook on the part of investors highest since January 2018. Biggest one-week rise ever. Correction likely, but short-lived. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman

Some people make anti-China videos on YouTube and say things like how the Chinese people are indifferent and don't care about other people. They say that if you get hurt on a street the Chinese will just walk by and ignore you. It isn't true. These YouTubers are right-wing racists. The video below is a spoof where a Chinese girl dresses up in a traditional Hans costume and a passer by, an actor, verbally abuses her, but the Chinese people come to her rescue.[embedded content]In this video a...

Trump's comments probably had more impact since earlier today, Axios reported that the president has revived plans to launch his own digital media offering. Instead of a television channel, which would require enormous startup costs, the president is looking into a digital streaming project to rival Fox's "Fox Nation" digital-subscription service....Rupert going to have competition?Zero HedgeFox Tumbles As Trump Urges Followers To Turn Away Amid Rumors About Rival OfferingTyler Durden

 As a socialist country with an essentially planned economy, China's success is dismantling free-market dogma and residual white supremacy — we must be ready to derail any attempts at division and war sown by a declining capitalist West, writes CARLOS MARTINEZWe were told there was no alternative. The neoclassical economists said their system would bring the greatest growth and benefits. Privatise all public industries and the profit motive of the entrepreneurs would bring massive...

I was in a meeting the other day and one of the attendees announced that they were sick of government and were looking at other solutions such as social capital and community empowerment to solve the deep problems of welfare dependency that they were concerned about. The person said that all the bureaucrats had done was to force citizens onto welfare with no way out. It had just made them passive and undermined their free will. It was a meeting of progressive people. I shuddered. This is one...

In our view, five fundamental themes are reshaping Asia’s payments landscape (Exhibit 2). These trends are not new, but they are evolving rapidly, and COVID-19’s impact over recent months has reinforced several of their trajectories. For instance, the pace at which acquirers are onboarding small merchants to accept card payments—creating a true “connected commerce” environment—has accelerated. As a result, cash usage, which remains well above global averages in most Asian countries, is...

This is not only a good idea but it has to happen owing to demographics if the GOP wants to survive over the next decades as the US becomes increasingly multi-ethnic. But the transition is not likely to be easy or quick. There appears to be considerable resistance to it.However, such a transition would force Democrats back to their working class roots and aid the progressive wing which is the only moderately left cohort in the US.Then the two parties would more closely reflect the make-up of...

Censorship watch. Philip Giraldi credentials are impeccable as are those of and other dissident former intelligence officers like Ray McGovern and former diplomats like Craig Murray. The notion that they are Russian bots or dupes is preposterous. Giraldi was also marginalized — ostracized really — on the grounds of being antisemitic for criticizing US Israeli policy and relations and the US Israel lobby, which is nonsense. This is a matter of politics and policy — "Zionism" as  Israeli...

Backgrounder.The Vineyard of the SakerUnderstanding the Outcome of the War for Nagorno-KarabakhThe Saker