Mike Norman Economics

Warning: This is a rant. But it is a pretty good one.Caitlin Johnstone — Rogue JournalistThe Official Bad Guy Of The Day: Notes From The Edge Of The Narrative MatrixCaitlin Johnstone

They are doing this again, same as last time at QE2.... Mike explained it here 10 years ago here....Why are they doing this?  To lower rates?  Yo rates are GOING UP.... To provide Reserves that banks can “lend out”?  Yo you are reifying accounting abstractions idiots...Here’s Mike FROM 10 YEARS AGO you morons: The Fed is buying "scale down" and in effect, causing the selloff. They're doing this because they're fixated on quantity ($600 bln) as opposed to price (interest rate). I remember...

If there were no chance of growing ourselves out of these dire circumstances, one would not produce documentaries, write columns, or get out of bed in the morning. But we must grasp and address four essential truths if we are to do any of this growing.... Consortium NewsThe National Emergency Patrick Lawrence

The increased flow of information about the coronavirus means that we can think about scenario analysis. This, as well policy actions, are probably explaining the pause in the bear market for risk assets. I want to outline what I see as important about looking at potential scenarios for the economy. I will try to keep this as brief as possible, since I am not advancing any particular scenario as a forecast.... Bond EconomicsOn Pandemic Economic Scenario AnalysisBrian Romanchuk

There were people whose lives were in danger, and we acted. Period." The manufacturer sells the part for £11,000, but they were out of stock so a couple of guys 3-D printed the parts for a dollar each instead. The parts saved the lives of eight people, but the manufacturer is threatening to sue. After two Italian volunteers used a 3-D printer to manufacture a desperately needed ventilator component for those stricken by the coronavirus, the medical company with the patent for...

I have great people with me. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Years ago I remember reading how vigorous excercise suppresses your immune system, which seemed contrary to all the other benefits that excercise brings. I'm a keen cyclist so I thought I would check it out and it turns out new research shows it isn't true. Excercise is more likely to strengthen your immune system.We do not know exactly if or how exercise increases your immunity to certain illnesses. There are several theories. However, none of these theories have been proven. Some of...

Hmm. Bill Totten's WeblogUS CDC Director Robert Redfield Admitted… that Coronavirus Deaths Have Been Miscategorized as FluLarry Romanoff

The U.S. Senate on Tuesday prepared to weigh a multibillion-dollar emergency spending bill passed by the House of Representatives offering economic relief from the coronavirus pandemic as the Trump administration pressed for $850 billion more.... Reuters Senate weighs emergency coronavirus pandemic funds; Trump seeks $850 billion moreDavid Shepardson, Susan Heavey

Against the background of the previous economic crisis from 2008, and the apparent difficulties that more traditional forms of economic stimulus have faced in trying to help their economies and their people — especially against a background of low wage growth, and actual and perceived rising inequality — other ideas have emerged. Both modern monetary theory and universal basic income essentially owe their roots to the judgement that conventional economic policies have not been helping. At...