Mike Norman Economics

JP Morgan CEO suggested that massive reserve additions by the Fed have essentially "maxed-out" bank capital to where they can no longer lend. Trade and invest using MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Two months before the novel coronavirus is thought to have begun its deadly advance in Wuhan, China, the Trump administration ended a $200-million pandemic early-warning program aimed at training scientists in China and other countries to detect and respond to such a threat. The project, launched by the U.S. Agency for International Development in 2009, identified 1,200 different viruses that had the potential to erupt into pandemics, including more than 160 novel coronaviruses. The...

The reproduction factor is declining. We need to push it below 1 for the virus to start to fade away and then we can move to safety protocols and mass testing. The problem is that without mass testing, R remains uncertain or "Bayesian." The results so far are "estimates" that will be revised as testing progresses. Marginal Revolution Suppression is Working, R is Declining Alex Tabarrok | Bartley J. Madden Chair in Economics at the Mercatus Center and Professor of Economics at George...

My blog is on holiday today. There is a lot going on at present and I will report on analysis and upcoming events in the coming period soon. MMTed is coming together, slowly, thanks, in part, to the donations that have been coming in. We need more funds but we appreciate the support so far. Call for MMTed Support I imagine the current crisis will put a halt on people donating to causes.But we are making progress in developing the program that will become – MMTed. I ran my first...

Professional physicist (and amateur economist) Jason Smith ask professional economists some potentially embarrassing questions.Information Transfer EconomicsWhat does this physicist think of economists?Jason Smith

Covid-19 driven collapse of global supply chains, demand and mobility will painfully spawn next great tech-led economic models According to Pepe Escobar, the East has dealt with this much better than we have.  Pepe Escobar - Total system failure will give rise to new economy

Punk Rock: “Commies Don’t Surf”. A San Diego surfer protests closure of the beaches. For people who spend the time in the water he does, closures are a crushing blow. He’s right. People are out walking, jogging, riding bikes and their rights have not been trampled. https://t.co/7I7dFEvsgn — Robert Brack (@robertbrack) April 10, 2020 [embedded content]

The Depositories are more or less tapped out...Total Assets of Banks already up to nearly $20T at $19,700B.... Residual $2,040B... this ratio now down to 10.3% from 11.2% back in January...They're going to have to start to accrue additional Residual for a while to get this % stabilized... The baton is going to have to be passed over to Fiscal Policy at this point... From Tuesday, customers applying for a new mortgage will need a credit score of at least 700, and will be required to make a...

Which kind of capitalism?UK-centric but applicable elsewhere, like the US.Stumbling and MumblingWhat centre?Chris Dillow | Investors Chronicle

Maybe this is why Buffet sold his DAL and LUV at the bottom.... maybe he gets back in after this effective ownership  dilution by the govt is over... he normally holds through or even adds... Treasury Secretary Steven Mnuchin’s insistence that America’s major airlines partially repay taxpayer funds aimed at shoring up the industry has set up a clash between the Trump administration and the carriers https://t.co/DWhv6FQFwT — Bloomberg Economics (@economics) April 12, 2020