Mike Norman Economics

Has China reclaimed its throne?  This is china. The second largest economy in the world, home to the largest population in the world and the most aggressive economic expansion in modern history. Most people watching this video now would have seen china go from a collection of mostly peasent farmers into the economic powerhouse it is today within their lifetimes. The economic development of china has amongst other things also contributed heavily to the massive drop in absolute global...

This Father Ted video clip tickled me today! [embedded content]

Debt data reveals the true cost of putting career before family. Millennials (born between 1981 and 1996) are in worse financial condition than any previous living generation, according to data published by the Wall Street Journal last month. Although highly educated, they are staying in school longer, making harmful personal financial choices, and taking longer to start families. The true cost of these decisions is starting to be recognized. Men and women in their 30s are not only...

This came from twitter, but I was unable to upload in higher quality. I thought it was fascinating. The Japanese woman walking alongside the second to last human picture is the artist. Last year, at the end of October, the 22nd annual Halloween parade was held in the Japanese city of Kawasaki. The contest for the best costume was won by "living pictures" from the famous body art artist Amazing Jiro. [embedded content]

Philip Giraldi writes - The Post investigative report coincides with an interesting deconstruction of the US military & how it operates.  David Swanson provides a lengthy review of West Point Professor Tim Bakken’s new book The Cost of Loyalty: Dishonesty, Hubris, & Failure...  But why does the public go along with out of control militarism? Why are so few speaking out and raising hell against wars that only 16% of the public tell pollsters they support? Well, the Pentagon spent...

Three years ago this month, the Paris climate agreement went into effect, and so far things aren’t looking great. Many countries are struggling to hit their emission reduction goals, the United States confirmed its intention to withdraw from the agreement, and tech giants are cozying up to the fossil fuel industry and climate change deniers. Meanwhile, entire cities are sinking into the ocean, wildfires are ravaging the West Coast of the US, glaciers are melting, and the ocean is...

“During my lifetime, the subject has become much more mathematical, much more abstract, and much more useless in terms of contributing to effective public policy,” Volcker told Bowmaker in an interview for the book. Forbes.  Simon Constable - Former Fed Chief Found Economists “Useless,” New Book Says

The pause comes hours after President Trump signed a bill targeting entities working on the project BERLIN—U.S. sanctions have temporarily stopped the construction of a pipeline that is set to increase the flow of natural gas directly from Russia to Germany under the Baltic Sea. WSJ Bojan Pancevski - U.S. Sanctions Halt Work on Russia’s Gas Pipeline to Europe

Meh.... probably doesn't have anything to do with "globalwarmingclimatechangeclimate!"...  maybe the climate nutters can ask 16 year old uneducated cognitive impaired Greta for her analysis...  .... you know...  cathode... anode.... temperature differential... etc.. Polar express: magnetic north pole speeds towards Russia https://t.co/vefVwDqygX — Ievgen Lokot (@VuS4AZ6PRkEDFQw) December 21, 2019

Former Secretary of Labor Robert Reich explains why a wealth tax is the best proposal to address staggering economic inequality. [embedded content]