Mike Norman Economics

Fed to reduce bond purchases to $60 bln/day from $75 bln/ day. Zombies sold. (Wrong.) Bank data surges higher. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

The worm turns.Zero HedgePentagon Fears Foreigners Will Buy Control Of US Defense Firms Amid Coronavirus VolatilityTyler Durden

15:51 "It is clear that we have entered recession," said IMF head Kristalina Georgieva. Due to the pandemic, the global economy experienced a "sudden stop" and the fund is now looking for a practical approach to prevent indebted countries from "falling off the cliff." 15:23 The ongoing pandemic will have a deep economic impact and recovery could be only expected in 2021, said IMF chief Georgieva. This target can only be reached if the virus is contained and liquidity problems are not...

This* is what #MMT has been arguing all along. It shouldn't just be for crises, and it's weird that anyone in favor of "central bank independence" doesn't think a central bank should have more tools.https://t.co/c6qSo4omNY — Scott Fullwiler (@stf18) March 27, 2020 *FT Opinion (Registration required)Why the Fed should put the Treasuries market on a war footing  Colby Smiththers

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/