Mike Norman Economics

Sleight of hand.Naked CapitalismNathan Tankus: What the Hell is Going On With CARES Act “Funds”?Yves Smith

The notion that racism and sexism were the primary factors driving the Trump vote is not born out by the data, economics was very important too. The rural working-class found their lives a little better under Trump and don’t believe the Democrats care about them. Will Biden address the inequality or bend to the demands of Wall Street? Thomas Ferguson joins Paul Jay on theAnalysis.news podcast....Transcript.The AnalysisEconomics Not Culture Wars Drove Most Trump VotersPaul Jay interviews...

Tax flows indicate a further slowdown in economic activity. Further stock market consolidation coming. 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

Interesting and about what one would expect from a digital-native generation. Looking good for the new program of "double circulation," that is, exports along with developing the consumer market domestically. That will mean breaking the traditional saving habit and Gen Z seem to be into credit.A modern consumer economy depends on three things — 1) low-cost plentiful desirable goods through technology and innovation, 2) demand stimulation through marketing and advertising, and 3) easy credit....

Divide and conquer.Zero HedgeFor What Are America's Wealthy Thankful? A Worsening Culture War: TaibbiMatt Taibbi

This was an incisive post from B. Gray, which I thought deserved much more attention:It follows:Austerity has two parents: greed and fear, both of which are powerful motivators among the wealthy elites and the politicians that do their bidding....Short.Elites fear if the public understood MMT and the power of the government purse, it would lead to anarchy in the allocation of real resources, which would lead to a reduction in the elites share of resources, as well as their influence in the...

 A seemingly strange phenomenon of a smaller dose of the Oxford-AstraZeneca Covid-19 vaccine being more effective than a bigger one is reportedly explained by it first being tested on a younger group.RTPuzzling higher AstraZeneca vaccine efficacy for smaller dosage explained: It was reportedly tested on people only under 56

Got that. Criticism now joins BDS. Right out of 1984.Middle East EyePompeo spells out the new normal: All criticism of Israel is ‘antisemitic’Jonathan Cook

Finally!The Case for Concerted ActionGita Gopinath On Fiscal PolicyV. Ramanan