Mike Norman Economics

In case you were wondering. Toilet paper is a business where we run all of our assets 24/7…, so it wasn’t like there was an opportunity to just say, ‘Oh, just run more hours.’ All the hours were already accounted for. Shows that retail is based on administrative pricing rather than market pricing. Under market pricing with quantity limited, the price would have risen to ration available supply based on price. Would that have prevented hoarding? Would this have been a better solution? An...

It will never stop being fall-to-the-floor laughcry hilarious that the US has an evil idiot president who can’t form a coherent sentence and exacerbated a deadly pandemic, and the only answer has been a fake Russia scandal, a fake impeachment, and a candidate with holes in his brain.... Caitlin Johnstone — Rogue JournalistFriendly Reminder That This Photo Happened, And Other Notes From The Edge Of The Narrative Matrix Caitlin JohnstonealsoDissident Circles Too Often Become Another Nerdy...

A Yale researcher poised to start a crucial clinical trial received an ominous email from a pharmaceutical company. “There is undoubtedly a financial motivation,” he said—and there could be millions on the line. A look into how the system works.In New Haven, meanwhile, Dr. Joseph Vinetz, an infectious disease doctor at Yale School of Medicine, is seeking to launch a clinical study of the drug camostat mesylate, a generic medication approved in Japan to treat chronic pancreatitis that he...

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The more the United States struggles with the ravages of COVID-19, the more President Donald Trump and his Republican Party will blame China. The facts hardly matter, as their exploitation of the tragic case of Wuhan doctor Li Wenliang shows: If Trump and the GOP think a conspiracy theory will win votes, they will run with it. Of course, it's not only the GOP that will run with a conspiracy theory and this is not the first time, either. Recall the run up to the invasion of Iraq because...

I went on a data excursion for part of today to update the flows data from the US Bureau of Labor Statistics. They published the latest JOLTs data last Friday (May 15, 2020) – Job Openings and Labor Turnover Summary – which reveals data up to March 2020. So in a sense it is the calm before the storm. I also reconstructed some of the indicators I compile from that data set which give me a broader impression of what is happening in the US labour market. Clearly, things are going to get worse...

As the coronavirus continues to kill thousands each day, tech companies are seizing the opportunity to extend their reach and power.  China zooms ahead with its big tech private public partnerships, where its private sector receives an enormous amount of public money from the government. But the US is falling behind, say the industrial military complex and the Silicon Valley, who are asking for massive amounts of public money to catch up.But big tech are putting everyone into low...

Short intro to the Bank of Canada, which most people probably don't have a lot a familiarity with.Bond EconomicsBank Of Canada: Repo Printer Go Brrr!Brian Romanchuk

As expected, the internet and media is being flooded with re-opening stories, contrasting and comparing the situation in different countries or American states.... From the economic debate perspective, it is way too early to draw any conclusions.... Observed cases will follow with a considerable lag after the essentially random spreading incidents. We will not be able to draw any conclusions about the effects of policy changes (which only have a limited relationship to actual behaviour),...

This dropped late after the close yesterday... in the PR business, if you want something to be overlooked in the news cycle, it is well known you release it late on a Friday after COB...They don't want to address this question:  "Under very similar conditions, why didn't you do this same regulatory modification in September 2008?".... this is what they are trying to avoid hence the Friday evening news dump... because 1. they would have no answer and 2. it would demonstrate that they...