Mike Norman Economics

As I type this (Sunday), I am heading to Brighton, England from Edinburgh. We had two sessions in Edinburgh yesterday (Saturday) and it was great to share ideas with some really committed people. We had to dodge a Hollywood closure of the streets (‘Fast and Furious 9 had commandeered the inner city to film a car or two swerving out of control or whatever, and I hope the city received heaps for the inconvenience to its citizens. But, with the direction now south, and tomorrow’s two events...

Micheal Hudson says debt is rising faster than the GDP, and Jimmy Dore adds that investors are taken out more than they are putting in. [embedded content]

Fed issued regulatory update January 2019 here: Approximately 10% of Deposits, I never figured it would be that high... somewhat shocking...Deposits September 4 were $12,963B (Mike's report has been documenting a recent rapid increase in Deposits as bank lending growth has been pretty solid) and Reserves at Depositories were last seen rapidly dropping towards $1,300B on the poorly executed post "Debt Ceiling!" fiscal adjustments so you do the math and see why FF market became dysfunctional...

Strategic Culture FoundationThe Deep State Is Dragging Trump Into War With Iran Robert Bridge Strategic Culture FoundationThinking the Unthinkable, Saying the Unsayable Patrick Armstrong Zero HedgeIran Vows Major War Even If US Conducts "Limited Strikes" Tyler Durden The Vineyard of the SakerWorld at a Crossroads and a System of International Relations for the Future [English] World at a Crossroads and a System of International Relations for the Future” by Foreign Minister Sergey Lavrov...

Why Chinese companies are leaving the West behind: Western companies ruthlessly compete with each other, while Chinese companies cooperate with each other.Jeff Brown says how China was always well advanced of the West and during past centuries traded all over the World through their silk roads, but they never colonised any countries. [embedded content]

Shanghai-Nantong Yangtze River Bridge, the world’s 1st rail-expressway cable-stayed bridge with a main span over 1km, completed closure on Sept 20. The 11072-m-long bridge is expected to bolster the integrated development of the Yangtze River Delta.

ProMarket — The blog of the Stigler Center at the University of Chicago Booth School of BusinessThe Surprising Twist in GOP Economic Thinking: Tax Cuts Might Be Bad for Business Matt Stoller Reminiscence of the FutureWhy? Would You Ask? Andrei Martyanov FAIRMedia Omit Context Behind Latest North Korean Missile Tests Joshua Cho Fort Russ NewsSecret Papers Reveal Russian Hero Scientists Who Prevented America’s Insane Plan to Drop 300 Nuclear Bombs on USSR After WW2 (VIDEOS) Drago Bosnic...

Thread by @NathanTankus: "There was obviously a ton of discussion of liquidity this week after repo rates rose a lot and the Fed conducted thcale repurchase agreements since the Great Financial Crisis. To explain what’s happening, we need to properly […]" https://threadreaderapp.com/thread/1174992669040422912.html

I am hereby on the record 100% opposing this.After pumping another $75 billion, FED announced more 14-day term overnight repurchase agreements, or repos, in the coming weeks.Long #bitcoin! pic.twitter.com/GCN67Wj7Qm— Nejc Kodrič (@nejc_kodric) September 20, 2019

An interesting video on the history of neoliberalism.If you've ever wanted to understand what neoliberalism is, this is the series for you. The story of neoliberalism is a story about the power of ideas. Embedded liberalism was in power, but it was not without resistance. Academics and businessmen who opposed the New Deal and British social democracy were only begrudgingly accepting of the situation at best, or on the warpath against government intervention in the economy at worst. These...