Mike Norman Economics

The amateurs panicked and sold. I could see them a mile away so taking their money is easy. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman

One phrase that keeps being used by mainstream economists is "fiscal dominance." This is a fuzzy term that is being used to express disapproval but yet appearing to be a neutral technical term. However, the simplest way to view the discussion is that neoclassical economics was ambushed by reality, and that they are hiding behind jargon to distract from this....Bond Economics Fiscal Dominance As ObfuscationBrian Romanchuk

 What a world - I hope there's a reason for it all!And I'm scared of heights, so it was even hard watching it [embedded content]

 Reports of atrocities supported by the American intelligence agency underscore the need to end America’s longest war.Trump wanted to bring the troops home, so his administration loosened the rules of war and sent in the CIA to set up Afghan paramilitary units to subdue the Taliban. A report in The Intercept, written by reporter Andrew Quilty, documents the horrifying consequences of this policy: Afghan paramilitary units, known as 01 and 02, have acted as death squads, launching raids...

Overall, it is too early to confirm the depth and the sustainability of the current wave of deglobalisation, but an increasing number of signals suggest a trend of deglobalisation is underway.Bruegel Deglobalisation in the context of United States-China decouplingAlicia García-Herrero and Junyun TanSee alsoSputnikUS Commerce Department Lists 103 Russian, Chinese Companies With Alleged Military TiesMintPressNewsTrump Enacts Sweeping New Sanctions on China, Iran, Venezuela. Biden Promises More...

Backgrounder.Russia ObserverTHE ARCTIC OCEAN IS A RUSSIAN LAKEPatrick ArmstrongSee alsoTASSMoscow presumes that US under Biden to regard Russia as an adversary, says ambassadorTASSPutin signs decree to transform Northern Fleet into military districtTASSPutin says Army’s provision with advanced weapons guarantees Russia’s securityTASSAI use in controlling weaponry in future will largely determine battle outcome — PutinTASSPutin instructs to focus on developing all components of nuclear...

As if it mattered. Seems like almost no one understands how the system actually works.Wall Street On ParadeResearch Arm of Congress Confirms that Mnuchin Never Released Bulk of CARES Act Money Earmarked for Fed’s Emergency LoansPam Martens and Russ Martens

Nas Dailly says that the English speaking Aljazeera puts out liberal views, but for its own domestic audience back home it does the opposite. Could this be happening with other state broadcasters? [embedded content]

So WE do mRNA now of course THEY have to do mRNA... they are not spies and hackers and “strategic adversaries!”....  they are deranged stalker USD zombies...  get a life already...China’s First-Ever mRNA #COVID19 Jab Plant Breaks Ground https://t.co/WppoowxzFF pic.twitter.com/XwDu64tKCb— Yicai Global 第一财经 (@yicaichina) December 21, 2020

China is getting a grip on its financial centre before it's too late. China should consider further tightening control over fintech giants by restricting the number of banks they can partner with, the Securities Times cited a former finance minister as saying.Lou said China needs to prevent a “winner-takes-all” and “too-big-to-fail” situation in fintech, according to the report. He joined a chorus of voices from the nation’s top financial regulators vowing to step up oversight over the...