Mike Norman Economics

Saudi stands ready to "pump!".... "money!" not more oil that is...Saudi Arabia is prepared to inject liquidity if needed, the kingdom’s central bank said, in the aftermath of attacks on its major oil facilities https://t.co/5y3knIgq04— Bloomberg Markets (@markets) September 17, 2019

looks like "Debt Ceiling!" induced "inversion!" really took its toll on sentiment last month in addition to the usual Trump Derangement Syndrome induced bearishness ... This measure at 10 year high bearishness:Recession fears among fund managers rise to highest level in a decade https://t.co/s7K65zl9KG— CNBC (@CNBC) September 17, 2019

This is going to take all of Trump's persuasion skills to prevent the Fed from increasing the policy IOR in response to these substantial wage increases he seeks to foment...Wage gains are accelerating. That’s a welcome development for workers but a possible concern for Fed officials. https://t.co/MYoa0XlOB9 pic.twitter.com/DyW0LHQ9bO— Real Time Economics (@WSJecon) September 17, 2019

Nick Hanauer says the mainstream economists have been captured by the oligarchs. He says how the evidence shows that a pure free market suppresses wages and employment so much that the demand falls off and a viscous circle sets in - a lack of demand means underperforming companies, which means companies employ less people and pay them less, which generally decreases the demand for goods and services, and so on. Everyone loses, except the 0.1%, the oligarchs.There's a curve, and increasing...

VenezueanalysisGovernment Signs Agreement with Opposition Factions as Guaido Declares Dialogue Over Paul DobsonReminiscence of the FutureAnd The Trolling Starts. Andrei Martyanov FAIRThe Incredible Belief That Corporate Ownership Does Not Influence Media Content Alison Rose Levy RT‘You became brothers by His grace’: Putin quotes Koran in appeal for peace in Yemen

A New York Times profile summarizes the work done by Luigi Zingales and the Stigler Center on regulating digital platforms and describes it as a necessary evolution in the traditional Chicago approach.... ProMarket — The blog of the Stigler Center at the University of Chicago Booth School of Business“The World Has Changed”: the New York Times on Luigi Zingales, the “Chicago School,” and the Threat of Tech MonopoliesSee also at ProMarketPresenting: The Stigler Center’s Report on How to Rein...

Two years ago, in Hamburg, Special Forces were deployed against black bloc looters. In France, the government routinely unleashes the feared CRS even against relatively peaceful Gilets Jaunes/Yellow Vest protesters – complete with tear gas, water cannons and supported by helicopters, and nobody invokes human rights to complain about it. The CRS deploy flash ball strikes even against the media.... Western media accounts, predictably, focus on the radical fringe, as well as the substantial...

Wilkerson believes Bolton was sacked for “political purposes.” President Donald Trump, Wilkerson says was “doesn’t want people competing with him, and Bolton was competing with him big time.” My thoughts exactly. When the new started to be about John Bolton rather than Donald Trump it was just a matter of time. If John Bolton had half a brain in his head, he would have realized that. Instead, he thought he was winning.Of course, that's not the only reason, but it was stepping over the...

That's what having a fundamental view means. Don't get scared out.

Masked mobs set fire to a railway station exit and beat man unconscious after marchers defy police ban to press the government to answer their demands At least eight wounded, three seriously, in a day of petrol bombs, water cannons, rubber bullets and tear gas The Hong Kong protestors seem to be deliberately trying to get the police to crack down hard on them, maybe so the US can get on its high-horse to cause more trouble. There some very voilent video scenes here. Earlier in the day...