Mike Norman Economics

In a ruling published late Tuesday, Judge John Koeltl of the US District Court for the Southern District of New York delivered a devastating blow to the US-led conspiracy against WikiLeaks founder Julian Assange. In his ruling, Judge Koeltl, a Bill Clinton nominee and former assistant special prosecutor for the Watergate Special Prosecution Force, dismissed “with prejudice” a civil lawsuit filed in April 2018 by the Democratic National Committee (DNC) alleging WikiLeaks was civilly...

The HillGOP Florida Governor enlists new officer to prepare state for rising sea level Rachel FrazinReminiscence of the FutureOf Course, How Could Russians Miss... William Perry Is Wrong. Andrei Martyanov Dancing with Bears BLITZ WOLF CAUGHT IN PERSIAN GULF – IRAN AND RUSSIA STRONGER IN DEFENCE THAN THE US AND UK IN OFFENSE John Helmer New YorkerThe Invention of Money John Lanchester VOX.EUWho are you going to believe, me or the evidence of your own eyes? Joseph Stiglitz, Martine...

A gift.

Meh?Bond Economics Fed Nudge Not Telling Us Much (Yet)Brian Romanchuk

Zero Hedge10Y Treasury Yield Plunges Below 2.00% As Curve Collapses Tyler DurdenGrasping RealityAt a conference I am at, my fellow berkeley professor and former President's Council of Economic Advisor's Chair Laura ...Brad DeLong | Professor of Economics, UCAL Berkeley Grasping Reality The interesting fact here is that the U.S.-owned contribution to global value chains is increasingly becoming "stateles...Brad DeLong | Professor of Economics, UCAL BerkeleyRT#KamalaHarrisDestroyed trends on...

The limitations of AOC-Harris become clearer when you consider what the centerpiece of any meaningful climate policy has to be: suppressing the use of fossil fuels, which will entail putting a steep price on them. (This can be done either with a permit system or taxes, quantity controls or price controls; permits are by far the better option.) We are talking hundreds of dollars per metric ton of carbon, which translates to several dollars per gallon of gas at the pump and similar added...

Remember: these moron unqualified libertarian people are capable of anything.Like yesterday's abrupt change in reserve asset policy ending the planned $35b per month reduction in system reserve assets 2 months earlier than previously indicated.Bank system now has to adjust (bearish) to arrange for inclusion of the additional $70b of these non-risk assets they will now have to possess.Bank system currently only adding about $70b per month of total bank credit so this now additional $70b of...

There is an enormous amount of propaganda in the Western media right now. The Uyghurs keep turning up, and Russia is in the headlights again, but the Brazil / Glenn Greenwald story is just being covered as straight news with no outrage, unlike Venezuela. [embedded content]

The U.S. has long held an external balance sheet that is comprised of foreign equity assets, mainly in the form of direct investment (DI), and liabilities held abroad primarily in the form of debt, including U.S. Treasury securities. This composition is known “long equity, short debt.” Pierre-Olivier Gourinchas of UC-Berkeley and Hélène Rey of the London Business School claim that this allocation has allowed the U.S. to serve as the “world’s venture capitalist,” issuing short-term debt in...