Mike Norman Economics

Looks to me like they are rolling over…We expect spending in the UK to continue to rise, as more people are vaccinated and confidence grows. https://t.co/gZfLBg8Gqh #MonetaryPolicyReport pic.twitter.com/VjAswPDB3V— Bank of England (@bankofengland) August 5, 2021

Eat shit and die you detestable inflationista zombie assholes…The Monetary Policy Committee voted unanimously to keep interest rates at 0.1% and by a majority of 7-1 to maintain the amount of quantitative easing at £895bn. https://t.co/gZfLBg8Gqh #MonetaryPolicyReport #BankRate pic.twitter.com/IEjOh9YHsh— Bank of England (@bankofengland) August 5, 2021

 Trouble times, I think it's time to watch another episode of The Avengers!In the week prior to this high-level meeting, Washington had set the stage, signaling through its actions its intention to promote a hyper-aggressive Cold War 2.0 directed at China. Thus, on March 12, Biden met with the heads of state of Japan, India, and Australia, representing the new Quad military-strategic alliance led by the United States, widely seen as an attempt to construct an Asian analogue to the North...

 Who can resist a pizza, or a kebab - especially after the pub!? Oh well, those good old days are over now. I'm getting into the gardening nowadays too, and I look forward to getting decent night's sleep at night not altered by beer.64% of calories consumed by children in the UK are now from ultra-processed food. Dr Chris Van Tulleken finds out more.[embedded content]The shocking transformation of the UK household diet since 1980 ?? BBC

One could make a pastime observing the way that so-called ‘expert’ commentators change their commentary as the data unfolds. As one rather lurid prediction fails, their narrative shifts to the next. We have seen this tendency for decades when we consider the way mainstream economists have dealt with Japan. The words shift from those implying immediacy (for example, of insolvency), to those such as ‘could’, ‘might’, ‘perhaps’, ‘under certain conditions’ and more. The topics shift. The...

It is Wednesday and I have been quite busy today on non-writing things, including a very long lunch (yep), which may lead to progressing the development of the – MMTed – project. I also was thinking about Tunisia today. And, of course, I listened to some great jazz. So only a few snippets today as usual but hopefully something of interest....Bill Mitchell – billy blogTunisia is a classic example of the failed IMF/World Bank development modelBill Mitchell | Professor in Economics and Director...

Economism has been modern capitalism’s myth system, or in computer parlance, capitalism’s operating system. It has stressed utilitarian moral beliefs compatible with economic assumptions that are critical to neoclassical economic theories. These beliefs include the idea that society is simply the sum of its individuals and their desires, that people can be perfectly, or at least sufficiently, informed to act rationally in markets, that markets balance individual greed for the common good,...

The surge in new virus cases could have an impact on the market. Here's what you need to know.

 I used to love the Avengers as a boy. If there were any problems in the world, they would all dissappear when the Avengers was on. The Avengers - a world where there were no drugs, no divorces, no abusive parents, no difficult children, no depression, no anxiety. Just dodgy foreign agents, or a master criminal, and sometimes a mad scientist- oh, and it was chock full of S&M themes too! Diana Rigg as Emma Peel was stunning! During the 1960's Hollywood had decimated British cinema, so the...

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