Mike Norman Economics

Zero HedgeThe Decline Of American's Upward Mobility In One ChartTyler Durden

Monetary history. Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismDebt, Land and Money, From Polanyi to the New Economic ArchaeologyMichael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University See alsoDavid and Michael were friends and collaborators. More than a...

This guy is pretty angry, but the Democrats are war crazy too. In fact, the Industrial-Military Complex seem prefer the Democrats.  I am stunned that anybody in the United States military would consider you anything but a loser or a sucker. You’re no patriot.’ — Ret. U.S. Army Major General Paul Eaton has a scathing message for Trump. [embedded content]

Corporation tax deposits sinking y-o-y now. Stock market sensing slowing sales and profits. 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

Corporation tax deposits sinking y-o-y now. Stock market sensing slowing sales and profits. 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

The American consumer no long the buyer of last resort? McKinseyThe Chinese consumer: Resilient and confident Monica Toriello in conservation with Felix Poh and Daniel Zipser

In an op-ed published on Thursday in the New York Times, Nobel Prize-winning economist Joseph Stiglitz and his Roosevelt Institute colleague Kitty Richards argue that rather than wait for Congress to provide financial aid to deal with the economic consequences of the coronavirus pandemic, state and local governments should increase taxes on "their wealthiest residents" to "bolster their local economies" and meet pressing needs or else Americans will be forced to suffer an "unacceptable...

Ploy to disrupt Nordstream 2? Belaruss?Craig Murray Blog (Best analysis I have seen so far but it is early in the game.)Novichok, Navalny, Nordstream, Nonsense Craig Murray, formerly British ambassador to Uzbekistan and Rector of the University of Dundee Also Sputnik InternationalStoltenberg to Convene NATO Meeting on Friday to Discuss Navalny SituationAlsoAxiosMerkel urged to abandon Russia pipeline over Navalny attackDave LawlerAlsoTASS (Russia's export alternative to Germany and EU...

The cost of financing capital to the state is zero and there is no financial constraint on the amount. The issue is availability of real resources — chiefly state of the art chip engineers — and this is the limitation that China has to overcome. Cost is not an object and the Chinese leadership seems to get this. No talk of "affordability." China is hiring and pay "what it takes." Oh, and AI, too.Zero HedgeChina To Pursue Domestic Chip-Making With 'Same Priority As Atomic Capability' Amid...

I haven't been posting on Covid-19 since Naked Capitalism Links is the go-to place. But this link (ht Automatic Earth) is interesting.ElementalA Supercomputer Analyzed Covid-19 — and an Interesting New Theory Has Emerged—A closer look at the Bradykinin hypothesis Thomas Smith