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The stock market is trading like there's been a 30% contraction in the economy, when in actuality the economy is growing at around 2%. Some stocks at generational lows. You won't get these bargains ever again. 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 stock market is trading like there's been a 30% contraction in the economy, when in actuality the economy is growing at around 2%. Some stocks at generational lows. You won't get these bargains ever again. 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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This could be interesting, too:
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| The stock market is trading like there's been a 30% contraction in the economy, when in actuality the economy is growing at around 2%. Some stocks at generational lows. You won't get these bargains ever again. 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 bet the inflation numbers are going around 9% right under 10%.
Don't be the last man on a sinking ship! We'll rendezvous at Dow 15,000ish. 👋😃
mike has all the right calls————– they not printin da muney so its falling
Its by design, theres a reason they push proven false economics and panic. I call it a manufactured feeding frenzy, those who have can gobble up everything from those who are stupid and let it go in the panic, but also those who are pushed down by the whole operation, which is basically everyone else in the country.
How is the economy growing when we have shortages of everything? Printing funny money isn't growth, it's debt aka negative. How dumb is this duck? Taxes don't even cover the government's operational costs. This "economy" is mathematically finished. Get over it. Go shake hands with your local farmers to secure real food and stack sats to secure real money. Much simpler than gambling.
Wow, reading you makes me bullish.. how many more are like you out there? Probably too many to count.. 🤑🤑
LOL
Lord have mercy
The economy is absolute trash….not a recession but a depression. Worst ever. Anyone who thinks otherwise is listening to the rackateers
This was the recession we were suppose to have in 2020 instead we prolonged it
Are you hearing me Mike? The economy is absolute dog$hit. Stocks that don’t pay dividends and share profits with shareholders are worthless without a buyer. Do you guys understand what is going on here. Absolutely worthless…..the bottom nobody knows. A black hole. The cycle has reverted. You will own nothing and be happy Mike
Tech is overvalued
So is a college education.
Mike, is it possible GDP is lower becuase there are no stuff to buy? Once supply chain returns to normal…we could see a higher GDP…what do you think Mike?
No cuz imports (which are causing the trade deficit to be at record highs) count against GDP since they're not produced in the country.
Groupthink is more powerful than ever in the modern world. Time to take their money off them.
If you draw a trend line across the tops of the Monthly S&P chart prior to pandemic stimulus and huge run up, going back a decade or so, you will see that we have just retested that trendline on the downside. We may wick below before resuming upwards big, big big-time! Due to the USD finally topping out and resuming down creating real inflation in my opinion. Oil is being used to keep the dollar strong and the illusion of inflation due to net exports and supply issues. Hence: Petro dollar USD$
Also, draw a Topping trendline dating back to 1984 to early 2000's on the USD index, you'll find us topping out around 110.00 or so. If we blow thru and close above 110.00, all hell breaks loose and look out below in just about everything!
In my opinion they used OIL to pump the USD to creating huge buying opportunities in TECH for the big boys! At least, that's how I am playing it and it's working so far. HOORAH!
Great work as always Mike & your weekly MMT Reports are a must have for sure! Thank you for all your hard work and dedication! You're a friggin machine! Mental game! Hoorah!
Mike, your website has a virus, fix it please
coeusQuantitative
I watch APPL to find the bottom for the markets. Shorts couldn't take it below the key 150 level – the bottom is in?
Buy the surplus sell the deficit
Mike – can you run us through the accounts of spending and data you’re using?! I think even a daily checkin on that spending or taxing would help… (like show us the charts and numbers not just tell us) it would really drive ur point home.. cheers
When i look at the numbers (yoy) spending has greatly reduced… the surplus of jan didnt help at all either.. i can see why its cutting back so much after spending has decreased so much yoy…