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My podcast with Matt Franko

Summary:
Franko is a contributor to my blog and has come up with many new insights on the Fed, monetary policy and markets. We discuss.

Topics:
Mike Norman considers the following as important:

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Franko is a contributor to my blog and has come up with many new insights on the Fed, monetary policy and markets. We discuss.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

18 comments

  1. Hi Mike – Yo MATT…sup babe! Economic Myths and Facts was the name of the podcast I began listening to in 2008

  2. Whenever you find yourself on the side of the majority it's time to pause and reflect.

  3. Mike, thank You for Your videos. When are You going to make Zoom with subscribers? I think we all would be happy to do it. Maybe once per month or quarter?

  4. Jan 4th Michael Hudson said on an interview that the 2019 overnight interest rate spike was due to banker corruption. He has no idea.
    https://www.youtube.com/watch?v=m7eAbbVMr_4

  5. Mike, new sub, thanks 4 calling out the Schiff's of the world and data 2 follow…

  6. I have a question – if space on the balance sheet is required for banks to issue credit again, and QE or QT doesn't change the size of the bank's balance sheet ( only the composition of it, ) can you explain how banks now holding more treasuries and less reserves affects the leverage ratio you mention?

    Thanks in advance.

    • Hey Mike?
      I think Sned has good question. I've seen this question come up before.

      I understand the SLR requirement explanation, but if reserves and/or treasuries on banks balance sheets are both counted as (low-risk-carrying) assets , and SLR says that excess assets of that nature forces banks to raise capital or else reduce new lending, then it seems like that composition shift of QE vs QT wouldn't change the overall excess assets issue.

      It must come down to specific legal and rules definitions, I would guess, such that reserves are counted one way and treasuries a different way. Maybe I need to read the SLR rules for a clue.
      Mike? I can't think of anyone else on planet Earth who could clarify that.

  7. Better than 'insider information'

  8. Better than 'insider information'

  9. Have you considered doing book recommendations or giving any advice for studying economics? You two touched on some individuals not being trained economists, so it would be interesting to know what sort of economic education you do respect.

  10. Thanks Mike…awesome. Just a thought, get a good microphone.

  11. Great guest, Mike. You should do more of these.

  12. Interesting discussion. Thanks for sharing 👍

  13. This video version of the podcast was much better than the audio ones, just make sure to stay far from the windows so that we don't hear police alarms!

  14. Great interview Mike. you should invite Emil and/or jeff snyder to your podcast.

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