Mike Norman Economics

Reddit WSB people starting to pick up on the Trump thing:

Jack thinks we’re going “hyperinflation!”… “hahper!”…  if we don’t get it, this could turn out to be another Trump Curse situation… he’s already dressed for it… wouldn’t have to change clothes…Twitter CEO Jack Dorsey's dire warning: 'Hyperinflation' will soon 'change everything'https://t.co/dsP3ZoNhFO— FOX Business (@FoxBusiness) October 24, 2021

 American comedy this week. I don't look for comedy, it just turns up in my YouTube app, but not so much has turned up lately. [embedded content]https://youtu.be/m1bLXk6UVtsFAT DRUNK PIG ROLLS DOWN A HILL[TRY NOT TO LAUGH][embedded content]FAT DRUNK PIG ROLLS DOWN A HILL [TRY NOT TO LAUGH]

This thing had a good 2 days Thursday and Friday… and it appeared to be in “liquidation only” on Friday my broker would not accept a market order to buy….  I don’t know if an ipo was ever treated like that before…This is interesting from the Zero Hedge people here I don’t know if this is accurate or not:Finally, we note that DWAC would have to reach $1,739 to be as large as Twitter... food for thought for analyst price targets.And if Pinterest is supposed to be worth $50b I have to think the...

One topic in the coalition talks to form a new government in Germany is the legalization of cannabis products. All three parties are in favour of a regulated system for cultivation, trade, and sale. German pharmaceutical companies are also hoping for a boost from this.When cannabis was legalized in Canada three years ago, many customers were eager to make the first legal purchase of marijuana. Today, the legal cannabis industry in Canada posts more than two billion euros in sales annually....

Bank credit will be the next driver of economic activity. Loans are starting to accelerate. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

 How to scuttle relations right out of the box in choosing diplomats.First, the Biden administration sends Victoria Nuland to negotiate with Russia, and now is proposing an outspoken China hawk as ambassador to China. Beyond dumb unless you want to program the outcome to fail, where in your own mind failure of better relations is success. A similar situation is unfolding in negotiations with Iran that guarantee no deal.The US is sounding more and more like the British Empire before its...

The method is revealed by the numbers. China is tightening ship.MacroPoloIs There a Method Behind China’s Tech Crackdown Madness?Ruihan Huang

Interesting comment from a PhD economist. Seemed to completely lack an understanding of where savings come from.

Fiscal flows picking up. Good news for stocks and economy. Inflation will fall. I will be on RT tonight at 7pm.