Mike Norman Economics

The real existential threat to the United States isn’t what’s in the bill or anything else we’ve discussed. The real threat arises if we DO NOT crumble as a result. If the American spirit, our drive to recover, and the Grace of God allows us to make it through all of these bailouts without tangible repercussions, then Modern Monetary Theory will have been falsely proven to be effective. At that point, the end of America will begin. Say what? NOQ ReportModern Monetary Theory: The...

Weekend reading.Brave New EuropeThe Economics and Politics of Social Democracy: A ReconsiderationServaas Storm

Second leg down risk is growing. Hopefully, these openings now start to lead to improvement. 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/

Alleges via the figurative language of sarcasm the Artist James Woods.... “Party of science” pic.twitter.com/rEvsQHKRBW — James Woods (@RealJamesWoods) May 14, 2020 Same thing here: President Trump has failed to listen to science and we have all suffered because of it.Let's be serious and prioritize our health over the bank accounts of billionaires and large corporations. https://t.co/5sbBXTCvb8— Bernie Sanders (@SenSanders) April 21, 2020 Both f-ing platonist Art Degree morons...

The glaring inequity of our system. Really maddening. 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/

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A.P. Moller-Maersk A/S, the world's largest container line, warned Wednesday that global trade will continue to falter with volumes declining by at least a quarter in 2Q20. Zero HedgeWorld's Largest Shipper Warns Of Collapsing Volumes, Dashes Hope For V-Shaped RecoveryTyler Durden

The gloves are coming off.RTBeijing signals harsh counter-sanctions for US lawmakers & STATES targeting China over Covid-19 outbreakAlsoSputnik InternationalTrump Warns US Could Cut Off Relations With China Completely Amid Coronavirus SpatalsoZero Hedge"We Could Cut Off The Whole Relationship" - War Of Words Between Trump And Beijing Is Heating UpTyler Durden alsoSputnik International5G is OFF: Trump Extends US Telecom Supply Chain Ban on Huawei Amid Calls to Wind Down Trade War...

70% of Russians have savings, that will see them through 1- 2 months without other income. In the US, on the contrary, 70% have virtually no savings.  In America, the bottom 55% have zero savings, while the following 24% – the core of the former middle class – have only $1,000 stashed away. A 2016 report, two-thirds of Americans are not able to afford even a $500 emergency cost of any sort. A staggering 78% of full-time workers are reported to be living from paycheck to paycheck. –...

Interesting.Intel TodayWikipedia : A Disinformation Operation? [UPDATE: Virgil Griffith, Aaron Swartz & Lockerbie]Ludwig De Braeckeleer