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Like I have been saying, conditions are benign (positive) for the economy and stocks. 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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Like I have been saying, conditions are benign (positive) for the economy and stocks. 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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NewDealdemocrat writes Coronavirus dashboard, 4 years into the pandemic: all-time low in hospitalizations, deaths likely to follow
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| Like I have been saying, conditions are benign (positive) for the economy and stocks. 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/ |
Educational, despite my Cointreau slide…
Another influencer on youtube, Patrick Boyle, published a video today titled, "What to Make of Turkey’s Latest Currency Move?". Much of what he says is the exact opposite of you. It would be good to see the two of you debate your different perspectives, as it would clarify some issues that you seem to refuse to respond to. He's got 217,000 subscribers, so maybe doing so would bring a few of them over to you.
Mike did I hear you correctly that Social Security and Medicare needs to be cut.
NO, he did not say that. He said Social Security, Medicare, Medicaid and Defense are the four biggest drivers of fiscal flows, which are what sustains the markets.
@2:40 – 3:11: "So, the key thing, I think, you know, we'll, we'll see early next year, what the flows look like. But, again, I don't anticipate a significant reduction from these levels, because you need to cut, really, the four main things, which is: Social Security, Medicare, Medicaid, and Defense. And those things are just not going to get cut, and those things are the four big spending items that support most of spending. Uh, so you have that going on: that is very positive."
He isn't saying that we should cut those things, he is saying that if you WERE to lower spending, you would have to cut one of those 4 big ticket items, which The Government isn't going to do, which is positive for macroeconomic stability.
Mike seems to understand that you can't actually generate macroeconomic stability unless the government prints more money than it destroys in taxes, such that the money supply steadily increases: because an economy literally HAS to have more money to pay off ongoing loan payments, or else huge amounts of people would necessarily default on their loans.
Maybe if Mike were dictator, he might slash worse parts of those programs, but only if he simultaneously created new spending somewhere else immediately: equal to if not greater than what was cut. But that would assume a level of expediency that our government is not generally known for.
Thanks, Mike!🥰
Cheers to keeping the swimming pool in balance. Enjoy and indulge Mike!
Merry Christmas Mike, thanks for everything
Mike – did you do blow back in the day, around the time you debated Schiff-ty, etc. And what about the days on the trading floor?
I tried to get into Pitbull but I was diverted to a robot spam page. Is this correct?
AAII bullishness bottomed out last week 👍
Carter opening up natural gas is what really laid the foundation to end inflation.
Just for historical perspective, the 1918 pandemic had 4 waves and was about a 2 year event. I am cautiously optimistic that this is the beginning of the end.
Doesn’t higher credit also dampen demand?
Merry Christmas Mike….I appreciate you and your straight shooting commentary.
Omicron is a sign that the pandemic is coming to an end. Same cycle as perSpanish flu. Omicron is positive news.
Who has a bigger account, you or oscar garboni 😄 every traders name is mike
You were right again
Why are americans all just going ‘oh its great omicron is not as deadly’ when if it’s way more contagious, then less deadly means basically nothing for hospitals and lives lost.. i see much more intelligent conversation in europe than us when us has been hit way harder 🤷♂️🤷♂️
Merry Christmas to you too Mike ⛄🌲
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It's over mate
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Mike why doesn’t the US remember the Cuban missile crisis when the USSR planted intermediate missiles in Cuba? It’s a little hypocritical really in my eyes. This need rowing back quickly so let’s hope Biden is another JFK and can resist the pressure from those who want war for the sake of war; Sun Tzu was right about that for sure. Happy Christmas, Mike and a prosperous new year to you and everyone that follows your channel.
New all-time high closing price, but the record high level is still Nov. 22 – 4743.8