Mike Norman Economics

I knew about this and only drink one or two mugs of green tea a day, but I might have to cut back to one as they are large mugs.But it turns out there can be too much of a good thing in this case. For some, drinking excess amounts of green tea can lead to iron deficiency—and for one 16-year-old, drinking three cups of green tea per day as part of a weight-loss plan led to herb-induced hepatitis—yikes! To find out why these things can happen, we chatted with NYC-based nutritionist Jennifer...

I had them all raging at me on Twitter yesterday, including Peter Hitchens, because a Carl Zha tweet I tweet I put out about a rave concert in Wuhan.The anti-China xenophobes then started really attacking me, but I had loads of twitter videos and pre-written articles in my files folder to counter them with.Many accuse China of causing the Covid-19 outbreak, and some said China created the virus, but I was able to show them a Reuters article where researchers had found Covid-19 in a drain...

Vietnam is among a handful of countries to have reported no fatalities from the coronavirus pandemic. Timothyna Duncan reports on how the country, which shares a porous land border with China, defied the odds. [embedded content]

A showdown looms in the fight for control of the country – with Africa’s largest oilfields as the prize I bet Hilary sleeps sweetly at night.  In August 2011, as Libya’s rebels and Nato jets began an assault on Tripoli, Colonel Muammar Gaddafi delivered a speech calling on his supporters to defend the country from foreign invaders. “There is a conspiracy to control Libyan oil and to control Libyan land, to colonise Libya once again. This is impossible, impossible. We will fight...

Hint: it's not because we stopped going to restaurants and movie theaters. 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

Backgrounder on Chinese tech. China is way bigger than the US — the market numbers are astounding.  They are also a lot more focused, and they have a plan. Looks to be working. The US is getting worried that it may no longer be #1 — by many metrics this is the case already. The numbers suggest the US is losing its competitive lead.And the US is (fill in the blank) because the Chinese government is providing venture capital, improving STEM education, building infrastructure, and, of course,...

The standard MMT position is that the money multiplier is wrong (doesn't exist in the real world of banking). MMT explains this is in terms of the erroneous loanable funds assumption.Brian looks at the assumptions of the model, on which the model is built. There are still quite a few people that believe in the money multiplier and it appear to be still prevalent in texts books. So it is worthwhile knowing the background, which Brian's post summarizes.Bond Economics Primer: Understanding The...

They say buying an password app that generates passwords and keeps them in an online vault is the best method, not I've never done it, I just have a book full of random passwords that I hope no one ever finds. When I go on holiday I hide it where I know no one will ever find it.Take a look at these two passwords jK8v!ge4D greenelephantswithtophats Which password do you think takes the longest for a computer to crack? And which password do you think is the easiest to remember? The answer to...

Fiscal flows have not moderated. That means stocks will continue to rally. Some things to watch.

Assad Doesn’t Care if More of His People Starve This article frames the US as the good guys, but says sanctions won't work.  In the real world, “quagmire” is simply a misleading term for a failed state. And failed states leave their populations exposed to hunger, disease, poverty, and predatory warlords. The Trump administration skirts this grim reality by insisting that sanctions work. Yet there is little evidence that economic sanctions ever achieve their objectives. Even the...