Mike Norman Economics

Commie USD zombie hackers still "pumping!"... will this ever end?  Will these morons ever be able to figure it out??? PBOC's Net Cash Injection Fails to Stem Rise in China's SHIBOR https://t.co/bF5hF2QI8H pic.twitter.com/d1JlLHEyKF — Yicai Global 第一财经 (@yicaichina) June 6, 2019 Shanghai breaks 2850... CHINA: Shanghai down another -1.2% overnight making a fresh 3 month low and remains Bearish TREND @Hedgeye pic.twitter.com/QzqDIIUwKM — Keith McCullough (@KeithMcCullough) June 6, 2019 Oh...

Interesting question. One can argue that Reggie Jackson was all three- Oakland A, New York Yankee and California Angel at different times. But owing to his career slash line (.262/.356/.490), Jackson was fundamentally a power hitter, or in fans of the post-season playoffs terminology, "Mr. October." However, he was not always a one dimensional player and also had a sense of the game that made him open to situational hitting in some circumstances.

Henry Kissinger is rolling over in his grave. Oh wait, he is not dead yet.The Vineyard of the SakerRussia-China SitRep: Double Helix Strategic CoordinationLarchmonter445

Lots of people get the relationship between gold and stocks wrong.

Interesting post. Michael Roberts argues that Keynes was all three–socialist, liberal and conservative at different times. But owing to his social status, Keynes was fundamentally a British upper-class conservative, or in Marxian terminology, a "bourgeois liberal." However, he was not hidebound and also had a sense of reality that made him open to accommodate changing circumstances.Michael Roberts BlogKeynes: socialist, liberal or conservative? Michael RobertsSee alsoThe Political Economy...

MH17 was a Malaysian airliner. Now that Russiagate has imploded will this affair, too?Dances with BearsMALAYSIAN PRIME MINISTER MAHATHIR ACCUSES US AND ALLIES OF MH17 FABRICATION, VIOLATION OF RULE OF LAWJohn Helmer

By attempting to "get tough" with China, US President Donald Trump's administration is highlighting the extent to which America's star has fallen this century. If the US ever wants to reclaim the standing it once had in the world, it must become the country it would have been if Al Gore had won the 2000 presidential election.... GOP smackdown. Project SyndicateWhat to Do About China?Brad DeLong | Professor of Economics, UCAL Berkeley

James Meadway recently published "Against MMT" (Modern Monetary Theory), in which he lays out a number of criticisms of the theory. Although it might have helped my readership numbers, I really did not want to get drawn into the mudslinging around MMT that erupted this January. One of the public relations problems MMT faces is that it seems that MMTists are in continued arguments with seemingly everyone. The negative tone of these arguments distract from the constructive aspects of the...

In recent days the international policy-making elite has tried to distance itself from MMT, often going to hysterical extremes to dismiss the approach as crazy. No one does this better than the Japanese. As MMT began to gather momentum, its developers began to receive a flood of calls from reporters around the world enquiring whether Japan serves as the premier example of a country that follows MMT policy recommendations. My answer is always the same: No. Japan is the perfect case to...

If these libertarian morons really wanted to help the USCoC they would raise the gd "Debt Ceiling!" straightaway....The “Big Club” Fights Back Against Trump Tariffs – Senate Republicans, Paid by U.S. CoC, Prepare to Mount Assault… https://t.co/ezzJSIrXPG pic.twitter.com/6bBv7UBBAG— TheLastRefuge (@TheLastRefuge2) June 5, 2019