Mike Norman Economics

A study finds 50 to 85 times as many infections as known cases—meaning a faA study finds 50 to 85 times as many infections as known cases—meaning a far lower fatality rate lower fatality rate. Trish Keenan, the singer/ song writer in the British avant-garde band, Broadcast, was touring Australia 9 years ago when caught the flu and died of pneumonia. She was only 42. Covid-19 may be very contagious but could possibly less lethal than the flu, according to new research. The high numbers...

WEAK.... just WEAK.... The Bank of Mexico on Thursday rejected a proposal by President Andrés Manuel López Obrador, who was hoping for an advance on money... Mexican President Seeks Early Money Transfer From Central Bank https://t.co/uGKvByGVtt — WSJ Central Banks (@WSJCentralBanks) April 17, 2020

Interesting article at Nature.... Companies are doing their best to accelerate experimental drugs and vaccines for #COVID19 through the pipeline. Each faces its own set of challenges, but all agree on the need for a radical rethink of the clinical development process for pandemics https://t.co/8KUnbLzf22 pic.twitter.com/mOmfttYOQf — Nature Biotechnology (@NatureBiotech) March 22, 2020 No surprise...  the "out of money!" morons at work here too: In addition, John Rex argues that, since...

UN Secretary-General Antonio Guterres has said that the effects of the Covid-19 pandemic will massively increase poverty worldwide, as the number of confirmed cases continues to grow.... RTPossibly ‘deepest since Great Depression’: UN chief Guterres warns about pandemic-induced economic downturn

The Trump administration quietly ordered the transfer of some $342 million in funds from a Venezuelan central bank account at Citibank to an account controlled by opposition leader and self-proclaimed Venezuelan ‘president’ Juan Guaido at the New York branch of the US Federal Reserve.... Sputnik InternationalVenezuela Blasts Trump After Central Bank Assets Quietly Transferred to Guaido’s Fed Account

Mathew Seligman lost his fight against COVID-19. He had played bass for Morrissey, David Bowie, Sinhead O'Connor, Tori Amos, Chrissy Hynde, The Thomson Twins, The Soft Boys, and Robyn Hitchcock, amongst others. Outside of music he worked as a human rights lawyer.Robyn Hitchcock fondly remembers Seligman in his tribute, referring to him as “a joyous and funky bass player.” Hitchcock continued: “He made Underwater Moonlight an exuberant LP to record and listen to. His manic bass run at the...

Will Marble writes: I’m a Ph.D. student in political science at Stanford. Along with colleagues from the Stanford medical school, law school, and elsewhere, we recently completed a white paper evaluating the evidence for and tradeoffs involved with shelter-in-place policies. To our knowledge, our paper contains the widest review of the relevant covid-19 research. It summarizes research from a number of fields, including epidemiology, economics, and political science. I just have a few...

Announcement from Fed here yesterday: They have been reducing the amount of these daily purchases from $75B per day back in March when they were crashing the whole thing (before Treasury increased their rate of UST issuance)...  then down to $60B/day... then $50/day .... and last week's $30B/day... and now next week $15B/day...Last week the Treasury was doing "pop up" issues of Cash Management Bills (CMBs) in equal amount per day that was the Fed's policy of  the $30B/day: We can watch...

 Paris: France said on Friday there was no evidence so far of a link between the new coronavirus and the work of the P4 research laboratory in the Chinese city of Wuhan, where the current pandemic started. France contradicts US on coronavirus link to Wuhan research lab

Yeah morons don't want to "waste money!"...Senator calls for Justice Department to investigate IRS sending stimulus checks to dead people https://t.co/Ip6NYCUBlJ— John Solomon (@jsolomonReports) April 18, 2020