Mike Norman Economics

Russia has halted official gold purchases. A sharp correction is likely. Invest and trade using the concepts and understandings of MMT. Get a 30-day free trial. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Protectionism. This would be a kiss of death for free trade, one of the three pillars of economic liberalism, the other two being free markets and free capital flows. OilpriceThe Cheapest Way For Trump To Save U.S. OilLourcey Sams

“Chaebols”, large business groups controlled by founder families, are usually considered a crucial ingredient of South Korea’s economic miracle. But after a process of consolidation, big chaebol firms such as Hyundai established exclusive supply chains with suppliers of parts and components and began to engage in price squeezing and intellectual property extortion in bargaining with its suppliers.... ProMarket — The blog of the Stigler Center at the University of Chicago Booth School of...

There were no sales in China either.Zero Hedge"There Are Basically No Sales": U.S. Auto Industry Enters Total Collapse As A Result Of Nationwide LockdownTyler Durden

Mostly analysis instead of oil politics.The Vineyard of the SakerOil Price Rises After Trump Phones Putin Gary Littlejohn for The Saker blog

China is hiring.TASSChina's Hainan offers more than 30,000 jobs to foreign specialists

Forget about that crash the media was forecasting.SputnikChina's GDP Growth to Decline to 2.3% in Baseline Scenario in 2020 - World Bank also Bounceback? China on Tuesday said the official Purchasing Manager’s Index for March was 52.0, beating expectations for an economy hit by the coronavirus outbreak. Analysts polled by Reuters had expected the official PMI to come in at 45 for the month of March, from a record low of 35.7 a month earlier. CNBCChina says manufacturing activity...

China ready to fire back in the trade war? "The Chinese government will not just stand by and watch Huawei be slaughtered on the chopping board," Chairman Eric Xu told reporters at the launch of Huawei's annual report. "Why wouldn't the Chinese government ban the use of 5G chips or 5G chip-powered base stations, smartphones and other smart devices provided by American companies, for cybersecurity reasons?" Hmm. The chairman of Huawei may not speak for the Chinese government, but it is...

It ain't pretty. I think he is trying to drive out complacency.I've been debating with some climate change deniers for 3 weeks, but they are also Covid-19 deniers too. They say it's nothing. [embedded content]

Bill McBride is an analyst worth listening to on the economy even though he specializes in real estate. He doesn't have an axe to grind. He doesn't see a fast snapback.Best line: (Note: This was NOT a "stimulus" package, this was disaster relief). Calculated RiskThe Economic OutlookBill McBride