Mike Norman Economics

LOL nice escalator hack job!For the scientifically impaired consider this system is operating just like their current shitty hacked CNY system...Shocking! An escalator in China's Guangxi province just suddenly started falling to pieces but luckily two people managed to run away before falling into the darkness that lurks underneath that thing. pic.twitter.com/Rb3ezFSk41— Yicai Global 第一财经 (@yicaichina) June 18, 2019

Commie USD hacker zombies still "pumping!" this week; both Monday and Tuesday, net additional 200B CNY non-risk Reserve Assets added to bank assets this week (so far...): #PBOC injects net 80 bn yuan via open market operation — YUAN TALKS (@YuanTalks) June 18, 2019 #PBOC injects net 120 bn yuan via open market operation on Monday (injects 150 bn yuan 14-day reverse repo and 30 bn yuan reverse repo matures) — YUAN TALKS (@YuanTalks) June 17, 2019 Non-bank lenders starting to lose access...

In its new Distributive Financial Accounts data series, the central bank offers a granular picture of how American capitalism has been distributing the gains of economic growth over the past three decades. Matt Bruenig of the People’s Policy Projecttook the Fed’s data and calculated how much the respective net worth of America’s top one percent and its bottom 50 percent has changed since 1989. He found that America’s superrich have grown about $21 trillion richer since Taylor Swift was...

Russia confirms US cyberattack on its electrical grid. Shrugs it off as "thwarted." Seems that POTUS was out of the loop and now he has confirmation of it. AntiWarRussia Thwarts US Cyber Attacks on Its Infrastructure Jason Ditz

Last week, the EU finance ministers (the ‘Eurogroup’) met (June 13, 2019) in Luxembourg as part of their regular schedule. There was a lot of talk in the lead-up to the meeting whether Emmanual Macron’s push for a more coherent EU fiscal capacity to act as a counter-stabilisation capacity for the beleaguered Economic and Monetary Union (EMU). As is normal, there was no progress made and the press reports said that the finance ministers “continued to clash over almost every feature of the...

Longish and detailed American view.Oil PriceDeclassified: The Sino-Russian Masterplan To End U.S. Dominance In Middle East Yossef Bodansky, the Director of Research at the International Strategic Studies Association (ISSA) and Senior Editor of Defense & Foreign Affairs publications (including the Global Information System: GIS), was, for more than a decade, the Director of the US House of Representatives Task Force on Terrorism and Unconventional Warfare

Debt ceiling must be raised or it will slow the economy to a halt.

Iran is at the heart of the BRI-SCO-EAEU integration road map – the nuts and bolts of Eurasian integration. Russia and China cannot allow Iran to be strangled. Iran boasts fabulous energy reserves, a huge internal market, and is a frontline state fighting complex networks of opium, weapons and jihadi smuggling – all key concerns for SCO member states.... The article is about much more than Iran.Iran is a a key piece in Eurasian integration. This is a major reaons that US strategist have...

Just as Turkey lost access to Lockheed Martin’s F-35 Joint Strike Fighter, Turkish Aerospace Industries unveiled a model of its indigenously designed fifth-generation fighter jet, dubbed the TF-X, at the Paris Air Show on Monday. Turkey’s primary aircraft design bureau put forward at the air show Ankara’s answer to the loss of the F-35, a plane Turkey had once hoped to buy 100 of from the US. Washington recently put that deal on hold over its continued objection to Ankara’s purchasing of...

Moon of AlabamaIran To Exceed Some Nuclear Deal Limits - EU Under Pressure To Fulfill Its Commitments b RTUS planning ‘tactical assault’ on Iran in response to 'tanker attack' — report RTTrump not in control of Iran policy, should perhaps fire Bolton – EU foreign policy chief’s adviser