Mike Norman Economics

The United States has spent nearly $6 trillion on wars that directly contributed to the deaths of around 500,000 peoplesince the 9/11 attacks of 2001. "In sum, high costs in war and war-related spending pose a national security concern because they are unsustainable," the report concluded. "The public would be better served by increased transparency and by the development of a comprehensive strategy to end the wars and deal with other urgent national security priorities." Newsweek Tom...

Reminiscence of the FutureNoblesse Oblige. Andrei MartyanovThe Unz ReviewTrump Asks Putin for Help in Oil War Mike WhitneyZero Hedge$81 Billion In Rent Is Due Today And No One Knows What Will HappenTyler DurdenZero HedgeHow Americans Are Responding To The Coronacrisis: A Gallup PollTyler DurdenZero Hedge (Russia isn't saying, ZH speculates)Why Did Russia Just Halt Domestic Gold Purchases?Tyler Durden Zero Hedge (uncertainty, no data or unreliable data)UBS: Does Anyone Know What Is...

Temporarily, for one year.Zero HedgeIn Groundbreaking Move, Fed Excludes Treasurys From Leverage Ratio Rule: Here's What That MeansTyler Durden

US at hair trigger weapons free status.. and the whole country is in a very bad mood...“We're at war with COVID-19, we're at war with terrorists, and we are at war with the drug cartels . . . We're the United States military and we will defend our country." —General Mark Milley, Chairman of the Joint Chiefs pic.twitter.com/hHDPBcgf6b— The White House (@WhiteHouse) April 1, 2020

Here we go.....  this would be one way to get rid of a bunch of petroleum production....Upon information and belief, Iran or its proxies are planning a sneak attack on U.S. troops and/or assets in Iraq. If this happens, Iran will pay a very heavy price, indeed!— Donald J. Trump (@realDonaldTrump) April 1, 2020

This could be exactly what we needed. 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/

My plan was to write a MMT primer in between the publication of Volume I and Volume II of my text on recessions. The manuscript for Recessions: Volume I is still being edited, and I hope to do its final formatting (which will take away from writing time). I am considering pivoting the MMT primer to be a discussion of how MMT fits in with the challenges of the post-pandemic world.... To my way of thinking, the post-pandemic economy and its economics will be determined by the degree to which...

[embedded content] Crikey! I'll be more vigilant tomorrow.

Looks like it might be the game-changer we've (MNE) been looking for the last few years...  will have to look at it some more... looks good on surface...Prior to this the Fed was quickly bankrupting the Depositories in a similar way they caused the GFC back in September 2008... they have been adding 100s of $B of non-risk assets for the last few months and even have accelerated the rate over the last two weeks...It may have been so bad that the banks would not have even been able to...

[embedded content] I came across this in an instruction video yesterday showing you how to put solid tyres on your bike. I thought I would never be able to find out who made it but Shazam bought it up. It's rather nice!