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Mike Norman Economics

Today’s “Boeing rally” won’t hold.

Two weeks ago it was "Fed buying corporate bonds." Last week it was "changes to Volker rule." Today it was Boeing. Won't hold. Economy is weakening. 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.pitbulleconomics.com/podcasts/

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‘The God That Failed’: Why the U.S. Cannot Now Re-Impose Its Civilisational Worldview — Alastair Crooke

Liberal core tenets of individual autonomy, freedom, industry, free trade and commerce essentially reflected the triumph of the Protestant worldview in Europe’s 30-years’ civil war. It was not fully even a Christian view, but more a Protestant one.This narrow, sectarian pillar was able to be projected into a universal project – only so long as it was underpinned by power.... World views are justifications (values-based, normative) rather than explanations (factual, scientific).Alastair...

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Zero Hedge — Wilbur Ross Says US Revokes Hong Kong’s Special Status

Bites off nose to spite face. ?The West needs favored access to Hong Kong much more than China. That did not used to be case, but the importance of Hong Kong to China has declined dramatically. The result of this will be the gradual decline of Hong Kong as a player and the rise of mainland Chinese trading and financial centers.More significantly, China has shut the door to easy access by foreign intelligence and political influencers.In the longer run, rupture from the West will be...

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