Mike Norman Economics

I guess she is saying to expect Reserve Assets to go even higher, and that Fed can still maintain interest rate policy under those conditions... which I guess is their one job...Nothing about their figure of speech “inflation!”...A Return to Operating with Abundant ReservesRemarks by Lorie K. Logan, EVP, Markets, before the Money Marketeers of New York Universityhttps://t.co/Y4QOtT7Vxk pic.twitter.com/ojJ4tGqRMd— New York Fed (@NewYorkFed) December 1, 2020

With interest rates hitting their effective lower bound, and the general skepticism towards the effects of growing central bank balance sheets via buying central government bonds, central bankers are being forced into a role they had largely avoided: directly extending credit to actors other than the central government. In some ways, this is a reversion to pre-World War II norms. From an analytical perspective, this shift largely eliminates the usefulness of most macro theory with respect to...

Injections starting next week... US a week or two after that...These will be REAL injections ... as opposed to the figurative “injections of money!”....  ofc Art Degree morons in charge will continue to think they are both real...Coronavirus live updates: U.K. greenlights Pfizer vaccine; U.S. OKs a new antibody test https://t.co/ljXE14bU3F— CNBC (@CNBC) December 2, 2020

Trump going scorched earth?   Govt shutdown looming December 11th.........Therefore, if the very dangerous & unfair Section 230 is not completely terminated as part of the National Defense Authorization Act (NDAA), I will be forced to unequivocally VETO the Bill when sent to the very beautiful Resolute desk. Take back America NOW. Thank you!— Donald J. Trump (@realDonaldTrump) December 2, 2020

 Coronavirus was present in the U.S. weeks earlier than scientists and public health officials previously thought, raising questions about the pandemic originNational PostCOVID-19 was silently infecting Americans before first cases emerged in Wuhan: CDC /

Russia advocated developing its own settlement systems that will not depend on Western payment mechanisms, Foreign Minister Sergey Lavrov said at a press conference following an online meeting of the Council of Foreign Ministers of the countries participating in the Collective Security Treaty Organization (CSTO).When asked what steps Russia and Belarus will take if they are disconnected from the SWIFT system he said: "The conclusion is very simple. We need to develop our own mechanisms that...

Markets and economy should continue to be supported by highly bullish fiscal flows. Plus, dollar decline. Gold. Oil.

The headline is a bit sensational (clickbait?) The article about determining limits on the legislative branch delegating powers to the executive branch. Conservative justices do not favor broad delegation. It is about increasing specificity. Not as dramatic as the headline makes out but it would have an effect on the power of the executive, which is a good thing from the point of view of democracy if not efficiency.Now if they would just apply this to foreign policy, military in particular,...

' Falling life expectancy in the poorest communities is a deeply worrying indicator of the state of our nation’s health, and shows that we are leaving the most vulnerable out of the collective gain’The Independent Poorest dying nearly 10 years younger than rich in 'deeply worrying' trend, study shows946.html

I've been saying this for years, but Noam Chomsky manages it in two sentences. All public resources go to the rich. The poor, if they can survive in the labor market, fine. Otherwise, they die. That's economics in a nutshell.Noam Chomsky[embedded content]