Mike Norman Economics

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

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The virus, not politicians, will determine when economies can safely reopen. New studies show that it's more contagious and more resilient than previously believed. The Virus, Not Politicians, Will Determine When Economies Can Safely Reopen

The big macro issue facing us is the question of inflation that results from activity restrictions. I wrote about inflation forecasting earlier, and the key take-away is that CPI prints will depend heavily upon the weight of each component, and the components will be moving in different directions. However, one might want to step up away from CPI forecasting, and ask about the generic supply and demand situation, accepting that the resulting inflation might not be captured by the CPI. My...

The anti-China rhetoric is getting pretty hot... where is this going????Bannon: We're all house Christians now, compliments of the #CCPWhen you're sitting in your house on Easter Sunday and can't go to church, remember that it's because of the CCP#WarRoomPandemic #DescentIntoHell #CCPVirus?https://t.co/HuZDFNTwiv pic.twitter.com/pwQDG0B99I— War Room: Pandemic (@WarRoomPandemic) April 11, 2020

Researchers in China and the US find that the virus that causes Covid-19 can destroy the T cells that are supposed to protect the body from harmful invaders One doctor said concern is growing in medical circles that effect could be similar to HIVSCMPCoronavirus could target immune system by targeting protective cells, warn scientists

Ho! ho! ho! Well I bet this Art Degree moron has at that!!! I can't even make this stuff up... I don't have to.... Checkmate... AGAIN... just take the L... just take it...I’ve had about enough “science” to last me a lifetime. It’s painfully obvious that science has turned into a doomsday cult begging for attention by telling us all the sacrifices we need to make in order to be safe. Like the Aztecs carving out someone’s heart for better weather. https://t.co/YgECd5cGli— Jesse Kelly...

Some good news. Along with a possible vaccine in September things are looking a little bit brighter.It took China a month and a half to three months to return to normal capacity after hit by the COVID-19 pandemic, so the global economy could improve much sooner than the six to 12 months that some are predicting, said a report by a consulting firm. With positive progress made in coronavirus prevention and control in the first two months of the year, China's resumption of work and production...