Mike Norman Economics

If this report is any indication, recovery may be slow globally even after the virus dies down. A "V" shaped recovery is looking Sixth ToneIn Virus-Free Wuhan, Businesses Are Still Recovering Zhang Zizhu

On the other side of the ledger we’ll be starved of interest income to the same degree... ie lowest in 50 years...Net interest costs on deficit are expected to reach as low as 1.14% of GDP in 2024, which would be lowest in 50 years @biancoresearch @USCBO pic.twitter.com/Z8etMyzPgZ— Liz Ann Sonders (@LizAnnSonders) January 7, 2021

 Nikita Khrushchev's granddaughter puts it in historical perspective. She is a regular contributor to Project Syndicate. I don't usually agree with her analysis, but this is worth reading for an international perspective.The storming of the US Capitol by Donald Trump's supporters in a last-ditch effort to overturn the result of the 2020 election was as predictable as it was shocking. Four years of Republican complicity in the face of Trump's erosion of US democracy have brought the country...

I don’t say this lightly, and I don’t say it WILL happen. I don’t know if it will. But the conditions for it are there....Ian WelshTrump Has Proven The US Is Ripe For A Right Wing Coup

Even by the standards of the past four years, the dismay among U.S. allies came strong and fast on Wednesday, as the chaotic—even terrifying—footage of Trump supporters breaching the Capitol building in Washington, D.C., blew apart regular programming around the world, and millions sat glued to their televisions for hours, aghast as the events unfolded.Leaders across Europe took to Twitter to express their outrage at what they were seeing....Gérard Araud, former French ambassador to...

OK, I couldn't resist the headline.PoliticoTrump’s America Becomes One of Those ‘Shithole Countries’John F. Harris

We gotta heal as a nation. Trump is too divisive. 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

Exchange Stabilization Fund $40b clawback yesterday.... negative withdrawal from TGA....  TGA still being held above $1.6T ... 

 The United States Congress is meeting today to formally count the Electoral College votes in the 2020 presidential election. Under normal conditions, this process is a formality. Today’s vote, however, takes place under conditions of an active and ongoing effort by President Donald Trump to stage a coup d’état, nullify the results of the election and establish a presidential dictatorship.Trump, with the active support of a majority of Republican House members and a substantial number of...