Mike Norman Economics

I told you this would happen. My subscribers making $$$$. Trade and invest using the concepts and understandings of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

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...

The Hindu (India) U.S. adds new sanction on Chinese tech giant HuaweiAP Zero HedgeUS Blocks Shipment Of Semiconductors To Huawei In Latest Procovation Of BeijingHere Is The Simple Reason Behind Trump's Escalating Feud With China Tyler Durden See also Sputnik InternationalChina to Take Measures against Apple, Cisco If US Continues Hitting Huawei With Sanctions - Report The Chips Are Up: Huawei Mass-Produces Mobiles With Mainland Chipmaker SMIC in Major Trade War Win Beijing Hands...

Amen. Caitlin Johnstone — Rogue JournalistRevolutionary Boiling Point, And Other Notes From The Edge Of The Narrative MatrixCaitlin Johnstone

Getting used to MMT. Investment WeekJames Anderson: The era of modern monetary theory has arrived