Mike Norman Economics

Saudi Arabia has begun implementing a “strategic plan” to confront the Turkish government, after Crown Prince Mohammed bin Salman decided he was being “too patient” with President Recep Tayyip Erdogan in the wake of journalist Jamal Khashoggi’s murder. The plan is detailed in a confidential report based on open- and closed-source intelligence prepared by the kingdom’s ally, the United Arab Emirates. The intelligence report is one of a monthly series written by the Emirates Policy Centre,...

Leaving aside the sensational headline, the article is about a putative recent agreement between Iran and Russia for Russia to participate more actively in Iran, as it has long done in Syria. Simon Watkins gives specifics he claims he has been made privy to. He seems to be in a position to have the connections.Oilprice.comRussia Gains Stranglehold Over Persian GulfSimon Watkins, formerly Head of Forex Institutional Sales and Trading for Credit Lyonnais, Director of Forex at Bank of Montreal,...

US dollar now used to settle just 45 percent of exports to EU and China, and just one third of imports Checkpoint AsiaRussia’s Pledge to Ditch the Dollar Is Fast Becoming a Reality Andrey Biryukov, Bloomberg

Ka-ching. The Western MIC is going for it.Sputnik InternationalNATO’s China Double-Think

Clearest analysis on these "hot spots" I have seen yet.Strategic Culture FoundationHong Kong, Kashmir: a Tale of Two Occupations Pepe EscobarSee asloZero HedgeEvidence Of CIA Meeting HK Protest Leaders? China Summons US Diplomats Over Viral Photo

Spross quoted former bank CEO Richard Vague, chair of The Governor’s Woods Foundation, who explained, “China has committed itself to a high level of growth. And growth, very simply, is contingent on financing.” Beijing will “come in and fix the profitability, fix the capital, fix the bad debt, of the state-owned banks … by any number of means that you and I would not see happen in the United States.”... This did happen to a degree in the US, when the Fed stepped up to save the financial...

In thirteen years of hostile decisions, the Roberts Supreme Court has done all it can to legalize corruption. With the Bridgegate case, it gets a chance to wreak even more havoc and possibly end the use of the term “corruption” as a useful legal concept.... That the purpose, wasn't it? If this is not judicial activism, what is? This approach to corruption sets the Roberts Supreme Court apart from other Supreme Courts. For over a century, previous Supreme Courts upheld campaign finance laws...

David Salsburg quote.Lars P. Syll’s BlogOn the applicability of statistics in social sciences Lars P. Syll | Professor, Malmo University

In mapping out what I think are the essential aspects of a social transformation that we might call a Green New Deal, eliminating precarious work is one of the priorities – it is intrinsic to creating a more equitable society in harmony with nature. This aspect also calls in question the role of a Job Guarantee. Note the capitals – there is only one Job Guarantee but many jobs guarantees. I will explain today why the Job Guarantee will be an intrinsic part of the Green New Deal but by far a...

For the first time since March 2008, PBOC fixed the yuan weaker than 7 per USD.... Zero Hedge China Fixes Yuan Weaker Than 7 For First Time In Over 11 Years Tyler DurdenSee also at ZHRay Dalio Tells Investors 'Bet On China' As The Next Global Empire