Mike Norman Economics

Hey if you're only up 50% you're doing it wrong!!!(He's trying to get all the Neutrals off the fence... gotta be ripping off Mike's stuff... GOTTA be... probably has anonymous Whitehouse staffers successively signing up for free 30-day trials and cancelling...)STOCK MARKET AT ALL-TIME HIGH! HOW ARE YOUR 401K’S DOING? 70%, 80%, 90% up? Only 50% up! What are you doing wrong?— Donald J. Trump (@realDonaldTrump) January 9, 2020 DT's!

This is good - and one thing I like about it is that the reporter allows the interviewees all the time they need to express their views. This does lead to some rambling and going over points again, but it's so annoying how in most interviews the reporter will often butt in just when someone is getting to an interesting bit. [embedded content]

Medium (why it matters that the American elite chose the wrong path after WWII left the US the global hegemon.)(How) America Chose the Path of Violence, Capital, and Empire — Instead of Peace, Prosperity, and Democracy Umair Haque Medium (attacking the false logic of equating Zionism as Israeli theocratic nationalism and exceptionalism with anti-semitism as a form of bigotry.) One down, two to go — Zionism, militarism, and American exceptionalism Stan GoffThe Guardian (UK) ("free...

I decided that I would run the CFA Franc series in three consecutive parts to maintain continuity and allow me to edit the final manuscript which Pluto Press will use to finalise the book by Fanny Pigeaud and Ndongo Samba Sylla. That meant that my usual Wednesday snippets sort of blog post didn’t happen this week. So, given that I have to travel for several hours today, Thursday becomes Wednesday and I just want to write a few comments about the current crisis in Australia (from the...

Cross-posted from The Saker:  Introduction: After posting Michael Hudson’s article “America Escalates its “Democratic” Oil War in the Near East” on the blog, I decided to ask Michael to reply to a few follow-up questions. Michael very kindly agreed. Please see our exchange below.... Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismPersian PowerplayMichael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial...

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There is a big difference between predicting and forecasting. Scientific theory is about causal explanation and prediction through formulating testable hypothesis that challenge the theory rigorously based on experimental evidence. Forecasting is making educated guesses based on limited and variable information information. The former applies chiefly to ergodic systems and the latter to non-ergodic, or if the system is actually ergodic, not enough it known about it to construct a rigorous...

Another great video about the Iranian people. They are so friendly!Sara Melotti, a young Italian travel photographer, talks about her experience of visiting Iran. "I wanted to see Iran. I wanted to feel the charm of ancient Persia, admire the intricate and colorful designs of its architecture, taste the incredibly diverse dishes, soak in the multilayered culture and live its well known heart-warming hospitality on my own skin; and thanks to SurfIran I did it all, on a dream of a road trip...

How's the U.S. economy?Here are some interesting metrics.Gasoline demand just fell off a cliff. Distillate demand broke a 4-year uptrend. The growth of loans and leases at commercials banks now the weakest in 21 months. And stock market making new highs every single day, from buyers who were on the sidelines or selling for most of 2019.You be the judge.

MAGA train keeps rolling... Market Snapshot: Dow set to attempt a run at all-time high as stock-market focus shifts from Iran to U.S.-China trade https://t.co/BLJxVEqqcX pic.twitter.com/50C7UJ2Vnw — HEDGE energy (@HEDGEenergy) January 9, 2020 Double triggers...