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Little change in policy but highly emotional reaction. Not to mention the interpretation of what it all means was wrong. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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Little change in policy but highly emotional reaction. Not to mention the interpretation of what it all means was wrong. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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Matias Vernengo writes Milei’s Psycho Shock Therapy
Bill Haskell writes Population Growth Outcomes
Robert Vienneau writes Books After Marx
Joel Eissenberg writes Undocumented labor: solutions, not scapegoating
| Little change in policy but highly emotional reaction. Not to mention the interpretation of what it all means was wrong. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ |
If the Fed raises rates, other rates will rise and it will be followed by another downturn
The .05% increase in IOER was an operational move intended to alleviate some of the stress on banks and the SLR. It's not a policy rate change.
@Michael Norman Okay thanks
Mike: Jump!
Me: Hu Ra … with both feet, thinking even if I die, I'll become a zombie 😀
Cheers for the dose of sanity. ??
superstar soccer player Ronaldo sends Coke Cola stock price dropping today as he moves Cola bottle out and tells people to drink water at press conferences now that's emotional stock sellers
I see some of that, well not quite that stupid. But one of the pharma announces a new drug or new approval, BOOM, up 6%. Next day, falls 5.5%.
The weird one today, Oracle had huge profits and beat it's own expectations, but it came in a little under what analysts expected, so huge decline.
I couldn't do day trading on intersecting lines, but it almost feels like I could do two-day trading on this emotional instability. Not always reliable, but it's a lesson to never jump on one of these rockets after it's launched. It's coming back down .. probably quickly.
@dilbertgeg WTF are you talking about , C'MON MAN !!!!! sounds like a youtube bot
Michael,
Always enjoy your input. I have been following you for years now and you have been right 99% of the time.
You have a big fan out here in the provinces……Kansas!
Make it two in Kansas.
Mike,you said last week, when Jeff Gundlach is bullish on gold and bearish on dollar,you need to go against that. You were right 🙂
Pronounced "Goondlach" for a reason 🙂
Mike the podcast was great one of your best
Mike's Story Hour is inspiring.
Short till 30 June for stocks
Hope youre still bearish on the dollar, cause right know you either adding to the position or watching yourself being f***
good mike ?
Maybe the slight policy change was just the fed intentionally seeing what the reaction would be
I agree with Mike Norman about the over reaction to what the fed said. I always felt that the fed is in the pocket of the Wall Street bankers. The average Joe on the street is always last in line.
Mike, I think the thing you said about "dollar as a weapon" makes sense on some level. But I think the main thing with Bitcoin is
a) gold bugs always whining that the Dollar is melting away and collapsing, and how it's a sin and "theft" to fund the govt. Never mind that the ubiquitous currency and steady increase in deficits is necessary for ordinary commerce, production, consumption, and an overall profit margin
b) Bitcoin was marketed as the opposite of that, a fixed quantity of currency, which therefore MUST inevitably rise in value as the Dollar "collapses"
c) so getting revenge on liberal spending
d) the sheer techno-novelty of it, and how nobody understands WHY it's rising when it's rising: other people going with hype and herd and buying in
and how nobody understands why it falls, other people cashing out before other-other people cash out
so it seems like magic and hope.
One contrarian investor on MarketWatch, whose thinking is somewhat similar to yours, minus the MMT, he pointed out that the hot new trend in Bitcoin is a lady on TikTok who predicts whether Bitcoin is going up or down based on her readings of ASTROLOGY , and the star signs for the day Bitcoin was "born".
This alone was enough for him to stay away. (Although anyone could have gotten a nice fat gain on it if they got in early when nobody heard of it, and held on for a while.)
X-D My dude… *That* sounds like something we need to find a video of & share around LOL
Norman is the true Robinhood of Wall Street
Fade the fade when its over.
Mike! Move your camera further away from your face. I think you'll get more views..
Is gold dead? Everything has gone exponential during the last year except gold. Stocks, cryptos, all commodities except gold… Gold not hangning in up but hanging in down when Fed is becoming hawkish. Is there any hope for gold?
Everything has gone exponential during the last year cause of Fed printing. Cryptos, commodities, stocks. Except gold.
Is gold dead? Why is gold not even reacting to inflation? Is this a rigged game or is gold's time just over?
Frustrating everything is going up except the place where I put my retirement money… I feel completely robbed by Fed and their bankers smashing gold to damage chart as much as possible.
Any hope for gold or is 1000 the next stop?
Hoorah!