Mike Norman Economics

It's looks like I'm a gonna, if everyone is going to catch it. It's interesting how some people don't even know they have it because they don't get any symptoms.It has become clear that a hard lockdown does not protect old and frail people living in care homes – a population the lockdown was designed to protect. Neither does it decrease mortality from Covid-19, which is evident when comparing the UK's experience with that of other European countries. PCR testing and some straightforward...

I spent about a month arguing with the climate change deniers on twitter. Many were professional deniers who were extremely well versed in their arguments. I was lucky as I had a number of people on my side, including some climatologists. In that period, though, I learnt a lot about how the denier mind works.I follow a number of left-wingers on twitter who, like me, question 9/11, the Syrian war, Russiagate, the Skripal poisoning, etc, but when I found out that many these people were climate...

China intends to provide the best health care in the world at the lowest prices to its people. They don't have enough doctors so they are implementing AI. The US is slightly ahead in AI technology but China has more to reason to spend and implement it, which is concerning the US because China might soon lead in this new technology.They lead on High Speed Rail too. It looks superb! [embedded content]

New feature for all you Johnny One Note lefty "bailout!" morons...Here looks like Gold's got their big "bailout!" here for you guys:Gold's Gym files for Chapter 11 bankruptcy protection amid coronavirus closings https://t.co/wozHIRzDsg via @usatoday— Paychecks & Balances (@PayBalances) May 6, 2020

Total economic ignorance from a German court, but it could harm ECB's efforts to help the German economy. 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

Just for the record, I still believe in the all the things I've always believed in, but not in the way the alt-left do. I have also found myself to be in divergence with Paul Craig Roberts over the years on many topics, although I still find a lot of his posts to be good. But the alt-left have got me questioning everything.Anyway, although not current, this Bill Binney video on Russiagate is excellent. I have posted similar videos like this before, but I think this one is the best.And yes,...

This is excellent: David Fuller describes what has gone wrong with the alt-left. They have developed an echo chamber where they believe only they, 'the insiders', know what's going on. This movement is a combination of alt-left and right-wing, anti-government libertarians, like James Corbett. It is a kind of collective insanity.Anyone who disagrees with them is considered to be part of the enemy, so they have been calling me a neoliberal, a corporatist, and a Bill Gates shill. Their minds...

Important. What this will mean is that companies working with reduced efficiency and increased costs in markets where demand will be reduced will be under enormous stress. They will, absolutely inevitably, suffer reduced profitability from their trading activities, but will nonetheless be facing fixed financial obligations created in an entirely different era and market and, quite crucially, legally these obligations are not re-negotiable in most cases. It does not take a financial genius...

Russia’s economy proves strong in a global comparison With the corona crisis taking its toll around the world, Russia’s economy looks relatively strong in a global comparison. This should not come as a surprise to anybody who has been following our Awara reports on the Russian and global economies. In a seminal report with the ominous title With Global Recession Looming, Russia Looks Strong — which garnered across various platforms over a quarter of a million readers last August – we at...

In today’s ruling, the Federal Constitutional Court upheld several constitutional complaints against the Public Sector Purchase Programme (PSPP), stating that the ECB’s decisions on the Public Sector Purchase Programme were incompetent, as the proportionality had not been assessed:... In my opinion, this assessment is adventurous....  Conclusion: economic ignorance has led the BVG to make a hair-raising judgement. If the ECB’s PEPP also becomes the target of a lawsuit, this could mean the...