Mike Norman Economics

Its increasingly looking like these numbers are going to ZERO before this is all over.... The China USD zombies are going to....  FREAK....OUT!!! SCARY!!!!!

Researchers of Italian IRBM, Oxford University to start human testing on 550 volunteers late April Italy-UK team hopes to have COVID-19 vaccine in Sept

Could have Covid-19 originated outside of China?Variant A is the “original human virus genome” and is closest to the “root of the outbreak”, researchers believe. It was found in Wuhan and is most similar to the type of virus found in bats. COVID-19 is believed to have originated in horseshoe bats and transferred to humans via an intermediary animal such as a pangolin. The epicentre is thought to be a Wuhan seafood market. Surprisingly however, researchers found the A variant was not Wuhan’s...

The US is the Indispensable Nation. [embedded content]

David Ruccio compares MMT with Marxian economics.Occasional Links & Commentary Modern monetary theory—pandemic editionDavid F. Ruccio | Professor of Economics, University of Notre Dame

Treasury has been accruing Reserves in the General Account to record high levels... here on Tuesday the account closed at $958B: A few thoughts on this new policy:Looks like what SOT Mnuchin has worked out is that he is allowing the Fed to acquire assets with new Reserves BUT he is "draining" them from the Depositories by increasing the TGA $4$ with what the Fed is doing and protecting the Depository System's Leverage Ratio from a catastrophic collapse... Its actually kind of a nice work...

Fiscal is surging. If they get the economy open it's bullish like crazy. This is MMT in action! 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/

Without strong mental game the market will just play with your mind. That's what it does. 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/

Sometimes things aren't propaganda, we will have to wait and see. But on Tuesday, the narrative flipped. It’s no longer a story shared by China bears and President Trump fans. Today, Josh Rogin, who is said to be as plugged into the State Department as any Washington Post columnist, was shown documents dating back to 2015 revealing how the U.S. government was worried about safety standards at that Wuhan lab. In fact, they were worried that one day, one of these experiments — including the...

It will help keep the economy going, so it's good for the wealthy too, like Jeff Bezos, so if would have been nice if Amazon had paid its fair share of tax. But this could save many businesses.The Emergency Money for the People Act, introduced by Reps. Tim Ryan and Ro Khanna, would give $2,000 a month to Americans over the age of 16 who make less than $130,000 a year. The payments would count zz_inue for at least six months and would last until unemployment falls to pre-coronavirus...