Mike Norman Economics

In a full about turn, Gordon Brown, has now decided that Jeremy Corbyn is a the right person to lead the UK out of it’s troubled times.... Brown, whose leadership of the country was fraught with setbacks, said that Corbyn’s war on rising inequality and stagnant wages was “absolutely right.” The London Economic Ex-PM Gordon Brown has backed…Jeremy CorbynJoe Mellor

His "get even!' principle at work here.If he is able to pull this off then all the "deficit too small!" people are going to look like idiots as the deficit will collapse and US economy will increase growth thru exporting or reduced importing in the GDP.Also, note the Trump people have stopped using the figure of speech "Asia-Pacific" and are now instead using "Indo-Pacific".  Reaching a bit further west  bringing in India now. Trump at #APEC: "I will make bilateral trade agreements with...

I'd say not clear yet in the period of this diagram.What is clear is you can see how this flattened out during the 'debt ceiling!' thing this year, March 15 thru Sept. 7ish as reserve 'drain' mechanism was rendered inoperative and risk-free assets were piling up.BTW now 30 days away from end of current 'debt ceiling!' suspension on Dec. 8th.  If they use the 'extraordinary measures' again it won't last as long as the Fed will be at the same time letting its holdings of UST securities roll...

John Quiggin on Kartik Artheya's Big Ideas in Macroeconomics. Incidentally, it is often useful to ask, What's the big idea? Lars P. Syll’s BlogBig — and not so big — ideas in macroeconomicsLars P. Syll | Professor, Malmo University

Today’s infographic from Raconteur highlights survey data on the topic of globalization for 19 countries.The survey, published by YouGov just under a year ago, covers international trade, foreign direct investment, and the impact of immigration. Here is the highest level data, which focuses on globalization in general. Visual CapitalistWhat People Think of Globalization, by CountryJeff Desjardins

The propaganda is getting weirder. The anti-Iran powers in the U.S. again try to smear Iran as allied with al-Qaeda. The accusations will be used to justify further hostilities against the country. Suddenly an anonymous, and likely fake, document appears and is prominently launched into the public circulation. To provide plausibility for the publishing the new CIA director Mike Pompeo ordered his staff to release additional data allegedly found in Osama Bin Laden's compound in Abbottabad in...

Sputnik InternationalAnalysts Explain How China May Respond to US Push to Militarize Asia-Pacific Deutsche WelleNATO to beef up in face of 'assertive' Russia The Cipher BriefSecuring Orbit: Countdown to a Space Corps? Russia FeedCrimea has a shipyard ready to build a new fleet of Russian aircraft carriers USNIUPDATED: 7 U.S. Aircraft Carriers Are Now Simultaneously UnderwaySam LaGrone

The equivalent of Photoshop in cyberspace? WikiLeaks says it has published the source code for the CIA hacking tool ‘Hive,’ which indicates that the agency-operated malware could mask itself under fake certificates and impersonate public companies, namely Russian cybersecurity firm Kaspersky Lab.The CIA multi-platform hacking suite ‘Hive’ was able to impersonate existing entities to conceal suspicious traffic from the user being spied on, the source code of the malicious program indicates,...

Iran Accused of Using Afghan Child Soldiers in Syria Human Rights Watch says Iran has sent thousands of Afghan refugees to fight in Syria, including children as young as 14. We speak to journalist and author Emran Feroz. Iran Accused of Using Afghan Child Soldiers in Syria I was pleased to see that in the comments section under this YouTube video no one was falling for this propaganda, the public is getting savvy. It's sad about The Real News Network, though, they are usually quite good but...

A massive transfer of wealth from the poor to the rich. The militarily- Industrial complex is raking it in.  The United States military has spent more than $5.6 trillion on conflicts since 2001, more than three times the Pentagon’s actual estimate, according to a new study. The Department of Defense reported earlier this year that it had spent around $1.5 trillion on conflicts, including putting putting troops on the ground in Iraq and Afghanistan, air raids in Syria and Iraq to battle...