Mike Norman Economics

A shorter blog post today (Wednesday). On Monday (July 29, 2019), the British Social Metrics Commission published their – 2019 Report – which reveals (staggeringly) “that 4.5 million people are more than 50% below the poverty line, and 7 million people are living in persistent poverty” in Britain. So around 22 per cent of people in the UK are living in poverty. In this day and age, poverty is like polio – it is completely avoidable if governments adopt the right policy mix. Persistent...

New UST issuance estimates for July/Aug/Sept quarter now assuming an imminent suspension of the 'debt ceiling':   $271b increase.TGA target balance for end of this quarter is also increased to $350b almost $200b higher than recent.  Close to a $200b decrease in Reserve Assets at the Depositories in about 2 months time...Fed still planning on lowering reserves at the system level by another $35b per month for those same two months so another $70b reduction there over the same...

Many Labour Party members are being accused of being antisemitic, but what about the blatant the anti-Russianism that is rampant in the West. Why doesn't the liberal and anti-racist Guardian call this out?  Pretending to ‘understand’ Russia has become quite the lucrative business for Western media professionals in recent years – and “leading” Russia expert extraordinaire Keir Giles is the latest to believe he has cracked the code. Generous Giles has published a list of 10 “ground...

Despite all the propaganda, the British people do not believe that anti-Zionisism is anti-semitism. It's interesting because the Guardian and Owen Jones often bash Russia, but is that not anti-Russianism?  [embedded content]

Bernie seems to be getting better, but I hope that he, and Jeremy Corbyn for that matter, are fully aware of what these people are capable of. They have no conscious and any diabolical crime is fine by them. They are like the mafia. For instance, coming in and trying to change how the City of London works could be very dangerous.It's been reported that Jeffrey Epstein tried to commit suicide, but his lawyer doesn't seem to think so, he says a lot of very poweful people want to see him dead....

Just where in the hell do these moron liber-tarians come from?  Apparently, there is a whole history of these people... again not much has changed...  some excerpts from the wiki on this pagan faction/cult of people: In ancient Roman religion and mythology, Liber /ˈlaɪbər/ (Latin: Līber [ˈliːbɛr], "the free one"), also known as Liber Pater ("the free Father"), was a god of viticulture and wine, fertility and freedom. He was a patron deity of Rome's plebeians and was part of their Aventine...

The pound's weakness to Brexit is one of the most extreme FX msipricings I have ever seen.

Reminiscence of the FutureToo Late, Too Little. Andrei Martyanov India PunchlineRussia wades into oily waters of East Mediterranean M. K. Bhadrakumar | retired diplomat with the Indian Foreign Service Fort Russ NewsMAJOR: Russian 5th generation Su-57 fighter launches serial production Paul Antonopoulos MIT Press JournalsMary Elise Sarotte: How to Enlarge NATO: The Debate inside the Clinton Administration, 1993–95Armstrong EconomicsMacron’s French Police Openly Attacking the People...

In Monte Python’s Life of Brian we were introduced to the “People’s Front of Judea”, which was “one of many fractious and bickering independence movements, who spend more time fighting each other than the Romans”. The segments featuring the Front were very amusing. It was humour but redolent of the sort of historical struggles that have divided the Left over the centuries. In Australia, the history of the Communist Party, for example, is one of many factions, splintering into new parties...

Here you go moron..... dumb libertarians...Presidential Candidate Tulsi Gabbard Co-Sponsors "Audit The Fed" Bill https://t.co/7cbRHTjJI8— True Pundit (@true_pundit) July 29, 2019