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The Fed told us that it was not going to raise rates and I TOLD YOU that bond yields would fall. 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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The Fed told us that it was not going to raise rates and I TOLD YOU that bond yields would fall. 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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| The Fed told us that it was not going to raise rates and I TOLD YOU that bond yields would fall. 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/ |
I’m not gay, but Mike has a purdddy smile ?
I think u might be gay? Bi?
I can appreciate his good oral hygiene but that doesn't take a gay man to see
@bicylindrico ya man, he looks to have good teeth. That's not the same as saying a dude has a nice smile.
I mean, maybe a dentist can get a free pass for saying a dude has a nice smile because the are talking about teeth at that point.
@Tom S Guess that was my perspective. Maybe 'smile' requires a gay element
Mike u still bullish on gold?
No.
Absolutely!!! 😉
Also, monetary inflation doesn't set private interest rates. If inflation were 1,000%, does this now mean that banks would only lend at, say, 1,070%? No. Why not? Because extreme inflation creates extreme desperation to spend money. If you just hold money that is losing 90% of its value year over year: you will lose 90% of your value over the year. If you loan it at 100% interest, and that loan is paid back, you now have an asset that only loses 80% of its value year over year. In that margin there is a real protection of value: it is better to only lose 80% than to lose 90%, so there would still be demand to acquire such an investment.
That is another power that the monopolist has: it has the power to create an omnipresent tax of purchasing power in all units of currency yet printed. And that is ALL spending. The spread between how much you pay for a treasury and how much a treasury is bought back for merely represents another spending program into the economy, and is one that does not require a good or service to be exchanged, and is only inflationary to the degree that that money spent has velocity and creates demand in the economy: and the larger that spread is the more money that is spent, and, therefore, the more of an inflationary pressure that is in the economy.
yup, exactly.
But mainstream falsely believes in an interest equilibrium, including across all countries. So they don't get it. See my latest rant video.
Lumber is tanking. 500 by EOY?
It’s fascinating how even Tim Pool also promotes this high inflation mania as well.
By the way, real estate prices can also fall even if rates don’t go up. More listings, boomers selling, lack of corporate buying, more construction, improved land use codes, and more importantly 3D printing.
Even Tim Pool? More like "of course Tim Pool" believes this nonsense. Given that Tim Pool is an ignoramus I dont find that too surprising at all. The man has zero expertise in anything as far as I can tell. The big question is why anyone would identify Tim Pool as a thought-leader in any context.
But yeah, of course housing prices can fall by mechanisms other than rate increases.
@Will Finn Question is that how does he have over a million subscribers? Basically he just re-reads news articles. I hear he is controlled opposition.
Low interest rates do, all other things being equal, create land price inflation which we know from 2008 can be highly destabilising- despite the 'experts' view that they would fall last year many markets saw double digit price growth, and lower yields for longer will keep that momentum up. Rewarding the asset rich and pricing out the next generation.
Ideally rates should stay low and you tax the inflation away directly via land value tax, given that is not going to happen moderately rising yields would be a welcome limit.
Mike – Excellent video, Man – The explanation of the redistribution of wealth, debtors, creditors, savers – Excellent – Thank You!! ✌✌✌
I hope his message never becomes popular…taking money away from the 'they are printing money' crowd is so easy…
Great work as always!!!! You're the best Mike!!!!
Looking forward for the podcast Mike, love them!
Usually those that talk inflation get paid based on just the headlines like what mike has been saying all along at least by default it has helped those that buy gold
But then again they get paid either way thats why they diversify into so much they make a career out of hedging which is all they are doing
Aren’t real rates already negative? Nominal rates matter less? When you reference inflation you are referring to CPI and excluding costs of housing etc? I am new to channel and curious how you are playing your thesis on rates? Buying gov bonds?
These MMT fanatics on this podcast never answer a question directly. They talk in circles because they think in circles.