Mike Norman Economics

Today is Wednesday and I have been tied up a lot with various meetings – all on-line these days. I don’t enjoy them as much as face-to-face, given that I spent a considerable part of each day in front of my computer or with my head in books and so the human contact is a welcome variation. But needs must, as they say. Anyway, just a few snippets today, being Wednesday. I can say that in between all this Zooming and writing, I have now nearly put together a complete on-line learning system...

As central banks act, ‘independence is a myth’ Sheng recognises the social impact of central banks taking widespread action to curb upsets. ‘Central bank independence has always been a myth, like the emperor with no clothes. When push comes to shove, we have seen central banks funding government deficits carte blanche.’ Injecting liquidity ‘is the right short-term move because we are in wartime conditions of grave uncertainty. But quantitative easing has been increasingly interpreted...

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I'll drink to that!Air Co takes captured carbon dioxide and turns it into vodka, offering the tantalising possibility that men and women of good conscience can drink to save the planet.The Times - Vodka made from carbon dioxide could be a tonic in climate fight

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