Steve Hanke
@steve_hanke
Professor of Applied Economics @JohnsHopkins | Senior Fellow @IndependentInst | @NRO | FX & Commodity Trader | Reagan White House | Views are my own
ID:863527548
https://www.independent.org/aboutus/person_detail.asp?id=516 05-10-2012 19:10:03
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#EconWatch :
From 2018-2023, 114,345 small boats ferried illegal immigrants across the English Channel into the UK.
#EgyptWatch 🇪🇬: Thanks to President Sisi, Egypt is drowning in debt.
Its current debt-to-GDP ratio is ~ 96%.
Data from Robin Brooks continue to support the scholarly literature on sanctions.
SANCTIONS = A MILLION WORKAROUNDS
= NEVER WORK AS INTENDED.
#TurkeyWatch 🇹🇷:
CBRT Gov. Fatih Karahan = ASLEEP AT THE WHEEL.
Turkey's money supply (M3) SURGES at ~65%/yr. That’s ~5.4x Hanke’s Golden Growth Rate, a rate consistent with hitting the CBRT’s 12%/yr inflation target. Today, I measure Turkey's inflation at 73%/yr.
BIDENOMICS = ECONOMIC PAIN = PLUNGING POLL NUMBERS.
An April poll from Echelon Insights found that 57% of voters disapproved of the way Pres. Biden is handling the economy.
It's no wonder Pres. Biden's approval rating is IN THE TANK.
abcnews.go.com/538/voters-bid…