Mike Norman Economics

Fiscal flows will remain weak until we get a new budget out of Congress. Market going down.

Scammers who ask the public for money to help them pay for a cure for an injury they say they got from a vaccine. [embedded content]https://youtu.be/_X_ji7CEXqMExcerpt[embedded content]

Classic bear market trade pattern. Rallies fail, as fiscal support undercuts economic activity. 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/

Information warfare — "our news" you can trust versus "their lies." No, I am not talking here about US domestic politics, although it applies there, too.FAIRChinese ‘Disinformation’ and US PropagandaJoshua ChoSee alsoThe Scum"'Government without newspapers.'" The manufacture of ignorance.Patrick LawrenceRelatedMR OnlineBellingcat funded by U.S. and UK intelligence contractors that aided extremists in SyriaRTShelves Stripped Bare As Brits Rush To Panic-buy Ahead Of Christmas

 Boils down to emphasizing efficiency at the expense of resilience. The global system therefore became overly brittle instead of suitably flexible as interconnectivity increased.Naked CapitalismThe Supply Chain Crisis: How We Got HereYves Smith

I thought the replies were interesting, where not many people agreed with the criticism. [embedded content]https://youtu.be/rRU9Mq71HF0

My enemies on twitter nowadays seem to be the alt left, (well, I don't meet the alt-right very often), which includes Caitlin Jonestone, Jonathan Cook, and a few other leading left wingers who I've had fights with on twitter recently over their Covid conspiracies. And Richard Werner is completely off his rocker - a chemtrails guy. There isn't a conspiracy theory he doesn't believe. Taylor Hudak, Julian Assange's lawyer and a covid conspiracist, tweeted about Nick Hudson the other day. Who is...

A supposedly Orwellian system is fragmented, localized, and mostly targeted at businesses.The SCS’s main aim is to improve the enforcement of legal and administrative rules. Food safety scandals are a recurring problem in China, as are workplace safety issues, wage arrears, and noncompliance with contracts and court orders. When it came to tackling these problems, there were laws in place, but enforcement was lackluster,.. China’s Social Credit System Is Actually Quite Boring

 You've probably seen this reported already, but still.…SalonTrump tried to appoint Ivanka to head the World Bank: reportTom Boggioni

With improvements to be made in the standardized management system with Chinese characteristics, a market-driven, government-guided and enterprise-oriented standardized development pattern featuring mass participation and opening-up and integration will take shape in China by 2035....Longterm development strategy for a managed economy.ECNSChina issues outline to promote standardized national developmentXinhua (Chinese state media)See alsoNegative list for market access to be further...