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Links — 21 OCT 2021

Summary:
India Punchline (US preparing for a three-front war with China, Russia, and Iran, ie., a suicide mission. But, hey, ka-ching for the MICIMATT/Military-Industrial-Congressional-Intelligence-Media-Academia-Think-Tank complex.)Biden gets predictability in Russia tiesM. K. Bhadrakumar | retired diplomat with the Indian Foreign Servicehttps://www.indianpunchline.com/biden-gets-predictability-in-russia-ties/TASS (Stating the obvious — except to the oblivious)The existing model of capitalism has run its course — Putinhttps://tass.com/economy/1352463RT (arms race on as China and Russia go asymmetric, US cries unfair.)Washington must be going MAD: Nuclear-era logic of Mutually Assured Destruction will make America safe, Chinese media boss

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Robert Vienneau writes Another Hayekian Triangle Not Supporting The Austrian School

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NewDealdemocrat writes Production turns more negative

Bill Haskell writes Lawler: Early Read on Existing Home Sales in October

India Punchline (US preparing for a three-front war with China, Russia, and Iran, ie., a suicide mission. But, hey, ka-ching for the MICIMATT/Military-Industrial-Congressional-Intelligence-Media-Academia-Think-Tank complex.)
Biden gets predictability in Russia ties
M. K. Bhadrakumar | retired diplomat with the Indian Foreign Service
https://www.indianpunchline.com/biden-gets-predictability-in-russia-ties/

TASS (Stating the obvious — except to the oblivious)
The existing model of capitalism has run its course — Putin
https://tass.com/economy/1352463

RT (arms race on as China and Russia go asymmetric, US cries unfair.)
Washington must be going MAD: Nuclear-era logic of Mutually Assured Destruction will make America safe, Chinese media boss jibes
https://www.rt.com/news/538095-china-us-washington-hypersonic-missiles/

Washington’s hysteria about Chinese hypersonic missile threat is just an excuse for its own military expansion, says Beijing
https://www.rt.com/news/537867-wang-china-hypersonic-missile-us/

https://www.rt.com/news/538075-ipcc-climate-report-lobby-fossil-fuels/

Open Culture (FB relevant )
How Neal Stephenson’s Sci-Fi Novel Snow Crash Invented the “Metaverse,” Which Facebook Now Plans to Build (1992)
Colin Marshall
https://www.openculture.com/2021/10/how-neal-stephensons-sci-fi-novel-snow-crash-invented-the-metaverse.html

Sputnik International (calling "dibs" doesn't count in the grown-up world)
Pyongyang Points to US ‘Double Standards’ in Wake of Sub-launched Ballistic Missile Test
Ilya Tsukanov
https://sputniknews.com/20211021/pyongyang-points-to-us-double-standards-in-wake-of-sub-launched-ballistic-missile-test-1090102972.html

ECNS
China remains world's second-largest importer for 11 years: MOC
Xinhua (Chinese state media)
http://www.ecns.cn/news/economy/2021-10-22/detail-ihasacat0474345.shtml

Chinese cultural tide sweeps young consumers
China Daily (Chinese state-sponsored media)
http://www.ecns.cn/news/2021-10-21/detail-ihasacat0474109.shtml

China seen as well positioned to lead global shipping industry

China Daily
http://www.ecns.cn/business/2021-10-21/detail-ihasacat0473859.shtml










Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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