Mike Norman Economics

SputnikBelgium Confirms Case of COVID-19 Transmission From Human to Cat – National Centre The Unz Review [sad. we hardly knew ye.]Tulsi Gabbard Falls on Her Sword, by Philip Giraldi Philip Giraldi, former CIA counter-terrorism specialist and military intelligence officer, now Executive Director of the Council for the National Interest and founding member of the Veteran Intelligence Professionals for Sanity TASS [corona virus doesn't mutate]US scientists’ findings indicate vaccine against...

The Right is on the warpath against China out of all of this... Bannon: The #CCP will not survive this, are a threat to the Chinese peopleThese oppressors have now shown what they've done to the entire Earth. They're an enemy to humankind #CCPVirus#WarRoomPandemic returns LIVE 5PM on @77WABCradioListen & watch ⬇️ https://t.co/6epKW1mS1H— War Room: Pandemic ☣️ (@WarRoomPandemic) March 26, 2020

Hybrid war with China intensifies.SputnikSenior White House Officials Agree to Cut Huawei From Global Chip Supply – ReportAlso at Sputnik US Resorts to Bashing Chinese Government Over Own Coronavirus Failures

Oil glut?SputnikSaudi Oil Industry at Risk as American, European Refiners Refusing Riyadh’s Crude – Reports

Whaaaaaaaattttttt??????? If one assumes that the number of asymptomatic or minimally symptomatic cases is several times as high as the number of reported cases, the case fatality rate may be considerably less than 1%. This suggests that the overall clinical consequences of Covid-19 may ultimately be more akin to those of a severe seasonal influenza (which has a case fatality rate of approximately 0.1%) or a pandemic influenza (similar to those in 1957 and 1968) rather than a disease similar...

The Fed's swap lines ballooned by $206 BILLION last week. Biggest increase ever and highest level in 11 years. Get a 30-day free trial to MMT Trader. Use MMT concepts to invest and trade. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

The American Economic Liberties Project (my org) put out a statement against the bill, AFL-CIO official Damon Silvers, who oversaw the 2008 bailout, put out an article against the bill, as did dozens of economics and finance professors. Congresswoman Alexandria Ocasio-Cortez warned of the risks of a bill tilted to big business, as did libertarian member Justin Amash. John Cassidy wrote in the New Yorker how to do a bailout without corruption. And Georgetown law professor Adam Levitin...

The United States is not only in the grips of a COVID-19 crisis that threatens to derail the economy and potentially take millions of lives. It is also suffering from a president who is deeply suspicious of expertise and of governance generally.... In my view, the second sentence should read, "Americans that are deeply suspicious of expertise and of governance generally elected a president that shares this view. Blaming government policy on the president rather than the political process is...

Economic Lessons for 2020: A Conversation with Dr. Michael HudsonPeoples Forum, December 12, 2019. Michael Hudson re-posted this today on his site.Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismPeople’s Forum: Economic Lessons for 2020 Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest...

Major developments across the globe in monetary and fiscal policy keep happening on a daily basis at present. We are now hearing conservatives, who previously made careers out of claims that government deficits would send nations broke and more, appearing in the media now claiming “We need the state to bail out the entire nation”. Not too many economists are pushing the line that the market will deal with this crisis. They all the want the state to be front and centre as their own personal...