Mike Norman Economics

A fellow heretic. Not just "liberals." There are also a good many "progressives" in that boat to nowhere. Not that many conservatives know the whole story either. Libertarians do better.Zero HedgeHow I Became A Heretic To My Liberal FriendsTyler Durden

Trump happy:We are seeing a continued strengthening of the Chinese RMB vs. the U.S. dollar. The USD/CNY rate is now retesting a double bottom of 6.7 USD/CNY that was reached for the first time 18 months ago. Read more: https://t.co/H17Nrhh1pa #fx #forex pic.twitter.com/VC4OTFQnjd— FactSet (@FactSet) October 27, 2020

This is advice? Useless if you ask me. 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

 Anti-Beijing bias has blinded too many for too long to opportunitiesThe FT is a bit fussy about copying and pasting, but it's a good article. They let me past the paywall now, but perhaps I will only get so many free goes. You have to sign up.  The FT - Don’t be blind to China’s rise in a changing world

Absolutely stunning, and just look at the gardens! This film isn't made by the Chinese government, or a Chinese media outlet. You won't believe what the inside of China's new Airport looks like! Worth over $18 Billion Dollars, it's the absolute height of luxury for the first class traveller! [embedded content]

People’s Bank of China stipulates for the first time that the digital yuan will be allowed to circulate and be converted like physical currencyHead of central bank’s digital currency research institute admits potential problems with digital yuan, but says they reinforce need for central bank oversightSCMPChina Moves To Legalise Digital Yuan, Ban CompetitorsFrank Tang

 It's 5 years old, so it hasn't been specially made for the present, that makes it even more powerful.Police officers in Corby, UK were attacked by a man with a knife. They used pepper spray and batons to take him down. But in the U.S., some cops have a very different way of dealing with the problem.[embedded content]

Slow news day.Zero HedgeElon Musk's Aggregate Compensation Reaches $11.8 Billion After Hitting "Adjusted EBITDA" MilestonesTyler Durden

MMT makes it to Pakistan.Dawn (Pakistan)New economic ideasAqdas Afzal teaches economics and public policy at Habib University, Karachi

Today, I celebrate – my home town of Melbourne has recorded zero new infections for the second time since June 9, 2020 and zero deaths. A consecutive day of double zero. My Melbourne band Pressure Drop is planning a live streamed gig soon – our first time playing since March. Details will come when we know more about when we can do it. Something to celebrate in a bleak year. Today I am writing about the underside of neoliberalism though. Nothing to celebrate about this at all. Revolving...