Mike Norman Economics

Trump signs budget bill on Friday, suspends debt ceiling for  2 years and adds over $300b more spending than previous planned and drives a stake through the heart of 'sequestration'... not a bad day!Gotta be a nightmare for these morons..  gotta be... like a bad dream... hope they had a really shitty weekend over this couldn't happen to a better bunch of morons:POTUS has now signed $4 trillion of additional national debt into law since he took office https://t.co/9o9WcgJO0F— CRFB.org...

Inventories are one driver of the business cycle. A common argument is that the movement towards just-in-time inventories has reduced the inventory cycle, and hence reduced the amplitude of the business cycle. Although plausible, it is very difficult to distinguish this from a lessened amplitude of the business cycle causing less swings in inventories. Since inventory growth is part of investment, one could view it as a subset of the argument that investment trends drive the business cycle...

Basically, what he’s trying to do is blame China and blame foreigners for the fact that a lot of Americans are really hurting. They’re not doing better. They’re not earning enough to break even. They’re going further into debt. But Trump is really saying that it’s not our fault. It’s China’s fault. Don’t blame the financial mismanagement. Don’t blame the corporations. Blame China. He pretends that they’ll pay instead of Americans. But when you levy a tariff, import prices are going to go...

Stephen A Cohen says that over his entire lifetime he has never seen anything as crazy as RussiaGate.To see all those people on TV lying was very disturbing, especially when it could have started WW3. Politicians on both sides as well as people in the media were all parroting the same nonsense. Even the Guardian, a paper I used to love, was pushing the RussiaGate myth.I used to think that politicians and journalists were rather bright, especially as most had good degrees, but then I saw how...

Sensible society would not allow these groups to rig odds as they gamble with economy Even the Financial Times agrees with me. The FT doesn't like you to copy too much, so there is a link is below. They usually let you read one article a day without a subscription.   I remember reading how private equity groups not only hire new management to run the companies they have taken over, but they also get financial advice from other people. So what do they do?...

Max Keiser is not always MMT kosher as he wants to tie currency to gold, but this is an excellent video just the same.Steve Bannon accusese China of unfair trading practices, but Western companies have been dumbing themselves down for decades. Twice as many private equity companies go bankrupt compared to share listed companies.In the U.K Sainsburys owned all their own property, and an equity group starting buying up lots their shared, but they couldn't get enough to influence the Sainsburys...

Britain spends two thirds of its budget on public programmes, like healthcare, education, and welfare, and one third on defence. The British military industrial complex thinks that only one third should be spent on public programmes and the rest on them, so they have put out a massive amount of anti-Russian propaganda, like the Skripal poisoning, Russia-gate, to get the public scared.These people might well view Russia and China as enemies, but because they are crazy, nearing the paranoid...

Bracing ViewsTorture USAW. J. AstoreFort Russ NewsMAJOR: Russia delivers electronic warfare systems to Iran (VIDEO)Drago BosnicMoon of AlabamaWhy The End Of The INF Treaty Will Not Start A New Arms RaceNEOJoining Forces: Russia and China are Fostering Military Cooperation Dimitry Bokarev OilPrice.com A Turning Point For U.S. Power Generation

By Sarah Ponczek, Anchalee Worrachate, and Laura Benitez Ann Pettifor Tweet:  The leveraged debt... usually ends up in ..(our) mutual & pension funds & insurers attracted by  high yields. Asset Bubbles to Zombie Companies: The Dark Side of Rate Cuts

Is Western Democracy Flunking Out? If Hong Kong is a success and becomes the most prosperous city in China, then the Chinese government might ditch socialism for capitalism and the poor would be dammed, but it doesn't look like it's going to go that way.Progressives wanted to build everyone in Hong Kong a home, but democracy stopped it. Those opposing the bill were concerned that the new houses might bring property prices down, and the 49% of the population who own homes didn't want that....