Mike Norman Economics

Well at least they WERE $32 trillion....As of the end of December 2019, #retirement assets accounted for 34 percent of all household financial assets in United States. https://t.co/GoBbh4X9wS pic.twitter.com/Be396MGhEX— ICI (@ICI) March 29, 2020

Lots of hardware in this:With the courage of our doctors and nurses, with the skill of our scientists and innovators, with the determination of the American People, and with the grace of God, WE WILL WIN THIS WAR. When we achieve this victory, we will emerge stronger and more united than ever before! pic.twitter.com/sFmxKzXdGC— Donald J. Trump (@realDonaldTrump) March 28, 2020

Might help:This is excellent news. American innovation is our best weapon against this pandemic. https://t.co/EFoVv1Ntmj— Dan Crenshaw (@DanCrenshawTX) March 28, 2020

Johnson's Russia ListRUSSIALINK: “Spend an Evening at the Bolshoi; The ‘golden collection’ of ballet and opera will be broadcast online free” – Moscow Times Moon of AlabamaIt Is A Time Of Crisis And U.S. Foreign Policy Is Becoming Unhinged AntiWarPoll: Only 3% of Venezuelans Say Guaido Is President, Only 4 % Trust Him Jason Ditz Internationalist 360ºTrump’s Narcoterrorism Indictment of Maduro Backfires TASS [expect more sanctions on Russia] Russia's Rosneft stops operations in...

In the medium term, the U.S. government has now joined other countries in putting Modern Monetary Theory into operation. The lines between fiscal and monetary policy have been blurred: the Department of the Treasury is providing $450 billion in seed capital for the Federal Reserve to use as leverage to buy loans and investments. These purchases will be designed to help the economy and the financial markets recover. Reciprocally, the Fed will undertake open-ended quantitative easing, which...

Originally at Project Syndicate. Reposted at CGTN. CGTN (China Global Television Network), formerly known as CCTV-9 and CCTV News, is an international English-language news channel. A part of the China Global Television Network group, it is owned and operated by China Central Television (CCTV), the national media organization of China, under the control of the Publicity Department of the Communist Party of China. Wikipedia CGTNThe helicopters are coming Willem H. Buiter | former chief...

Behind a paywall, but you get the picture. Stephanie now has star power and she is a great explainer. MMT just moves to the front burner.Barron'sStephanie KeltonBen Walsh

This is useful not only as a primer on recognizing and rebutting science denialism but also as a contribution to critical thinking in general.I should be obvious by now that dismissing something as "conspiracy theory" without an adequate foundation is just another means of discrediting opponents and  achieving narrative control. But there are conspiracy theories out there that need debunking based on sound reasoning grounded in evidence.Crazy UncleA history of FLICC: the 5 techniques of...

Wow now going full Darwin and open season on New York people ...Mike's not leaving and is riding it out at ground zero in NYC... he's chronicling some of it on his Insty here: https://www.instagram.com/stories/mikeydoggy/So this is where we are in America:Starting tomorrow, the Rhode Island law enforcement and the National Guard will knock on doors and stop cars to find New Yorkers.Pray tell, will they give us stars to wear if they find us?https://t.co/Bs8IyLc9Jp— Amy Siskind ?️‍?...

This "virus!" thing just accelerating the already projected retail closings ... CMBS have to be in BIIIIIIIGGG trouble... I don't see how Treasury's $400B of Fed guarantees is going to cover it... unless Fed plans on spending 25 cents on the dollar to begin with... How U.S. retailers are closing stores in the U.S. over coronavirus concerns https://t.co/tGznu3jwRt— Bloomberg Economics (@economics) March 28, 2020