Mike Norman Economics

NBA personality and owner of the Dallas Mavericks franchise Mark Cuban shares Buffett’s sentiment. He believes the stock market’s breathless rally will end once the magnitude of the pandemic’s devastation is known. Day traders are making money thinking they are geniuses in a bull market. Howard Marks, another billionaire investor and CEO of Oaktree Capital in the U.S., said people are buying stocks for fun. Don’t look at it as a gambling game because reckless trading is not healthy. Many...

Knut Wicksell quote along with Lars's commentary on Chris Dillow's review.Lars P. Syll’s BlogThe Deficit Myth: a review Lars P. Syll | Professor, Malmo University

The issue Canada faces now is that it is unclear what the strategy is. In my view, the only clear option is eradication, as it presents an obvious endpoint. However, the situation south of the border is worrisome, and it cannot be sealed forever. We are stuck in the position of hoping for a vaccine, or medical treatments that can greatly reduce the effects of the disease. I am not a fan of relying on hope as a strategy. As for the economic strategy, it will be necessary to decide what to...

Do an internet search on China and most likely eight out of ten articles that come up will be from Western news agencies and be negative. YouTube demonetizes pro China video channels.  Tianxiang Tan says he felt as a child he was very unfortunate to grow up in China as it had no democracy and Western people were said to be better off and happier. Tianxiang Tan moved to the US when he was 19 but now he loves China realising that what he saw told about his country was Western propaganda....

Hey, the US bought the Louisiana Territory and Alaska. Why would someone be interested in buying Uncle out of PR? (snark) SalonTrump looked into selling off Puerto Rico: Ex-DHS chiefBob Brigham

Proclamations of a New Cold War between China and the US herald a clash between authoritarianism and liberal democracy. But what we’re seeing in the growing rivalry between the two countries isn’t based on ideological difference but on inter-capitalist competition.... No Marxism in the post. Straight up analysis that is US centric (aka biased). But an interesting take.Marxist SociologyDisintegrating US-China Economic Symbiosis and the New Inter-Imperial RivalryHo-Fung Hung | Henry M. and...

Is Russia taking the gloves off in the information war?Fort Russ NewsLAVROV: ‘NATO Aircraft Are Used to Traffic Afghan Drugs’ Drago Bosnic

Venezuela has the largest proven oil reserves in the world. But this intervention is about "spreading freedom and democracy."Zero HedgeTrump: Something Big Will Happen With Venezuela & "We'll Be Very Much Involved"Tyler Durden

Chris Dillow wrote a review of Stephanie Kelton's The Deficit Myth. It was a fairly positive review, but I wanted to discuss some of his commentary on MMT. In my view, the aspects of the book that Dillow questioned are probably the reasons why the look is a best seller.I agree that the strategy is working and MMT is positioning itself to become the next big thing. If there is a global recession as a result of the pandemic and it looks like there will be one, then MMT stands ready with policy...

A Covidiot  If I tweet this out under the Covid-19 conspiracist tweets they will say Bill Gates funds this charity. They are quoting a 99.97% survival rate and saying it's no worse than flu. They believe the government is doing this on purpose to control us and to make people accept Bill Gates' vaccines.They say the elite are destroying our economy to bring in the New World Order, microchip us, and depopulate the planet. It doesn't seem to occur to them that if the elite were to...