Mike Norman Economics

Likelihood of a pullback is growing. Blame the Fed.

Sounds pretty good for the UK: U.K. Prime Minister Boris Johnson pledged to move quickly to take Britain out of the European Union, while promising to deliver billions of pounds in public spending to consolidate the Conservative Party’s once-in-a-generation gains among working-class voters still hurting from the financial crisis. Trump promises to move quickly on talks for a new U.S.-U.K. trade deal https://t.co/hzTqFgqDSM — Real Time Economics (@WSJecon) December 13, 2019

One News NetworkChina set to agree growth target of around 6% for 2020: NikkeiBolivia’s Morales lands in Argentina, will be granted refugee status HaAretzMost neo-Nazi music festivals are closely guarded secrets — not this one in Ukraine Michael ColborneBNE IntelliNewsRussia emerges as a top three fintech market Vladimir KozlovCheckpoint Asia — Anti EmpireRussia Needs to Stop Wasting Time on Diplomacy With the USA, Focus All Energy on Beijing, Delhi and Others Marko MarjanovićRTBerlin warns...

Nothingburger. DJT folded in face of economic consequences in an election year. He is a shoe-in in 2020 unless the economy tanks. The Democrats have nothing (but Bernie and they are not going to run him).  But this is hardly the end of it. The US is still fully committed to stopping China's rise, which is an impossibility.ReutersChina to buy $50 billion in U.S. farm products in return for tariff concessions-U.S. sourcesJeff Mason, Andrea Shalal, David Lawder

I think this is correct, and if it is the question arises, why a deal? The political answer is simple. Both bases require it. The Democratic "resistance" requires impeachment and the Trump base requires speedy acquittal. Everyone is satisfied and DJT wins, too. Hey, politics is all about winning. Moon of AlabamaThe Impeachment Deal Between The House And The Senate

Just days after it was sharply rebuked for its conduct in the Russia collusion investigation, the FBI is declaring it possesses no records of any disciplinary action taken against lawyers who pursued a deeply flawed Foreign Intelligence Surveillance Act warrant targeting the Trump campaign. The declaration was made Thursday in a U.S. District Court motionseeking to dismiss an open records lawsuit brought by the Southeastern Legal Foundation, a public interest law firm that frequently...

On a personal note, if any of this is news to you, you may want to ask why you are only learning about it now. The American Conservative has been one of the few outlets that’s consistently exposed the Steele Dossier as part of an information op nearly since it was unveiled, and which has explained how the FISA court was manipulated, and which has steadily raised the question of political interference in our last election by American intelligence services. We claim no magical powers or...

JUST AS WAS TRUE when the Mueller investigation closed without a single American being charged with criminally conspiring with Russia over the 2016 election, Wednesday’s issuance of the long-waited report from the Department of Justice’s Inspector General reveals that years of major claims and narratives from the U.S. media were utter frauds. Before evaluating the media component of this scandal, the FBI’s gross abuse of its power – its serial deceit – is so grave and manifest that it...

China treats Internet access as a public good and provides it universally as a public utility.Actually, many countries have wider access to better connection at a more reasonable price than the US. The Internet in the US is another rent-extraction machine.The US puts its public monies into the war machine and black budget paramilitary.China is arguably wise to do this rather than "generous." The basis for a developed society, including the economy, is security, social cohesion, culture,...

The essence of a coup, which some might refer to as covert action, is the hidden hand. One does not announce that a foreign power is overthrowing the government and installing a new government. One pulls strings as if from behind a curtain, making events that are all part of a carefully orchestrated plan appear disconnected, spontaneous and serendipitous. As I read through the recently released IG report for the second time, as someone with a great deal of experience in military and...