by Summary:
People freaking out over quantitative tightening because they don't really understand what it is or, its effects. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
People freaking out over quantitative tightening because they don't really understand what it is or, its effects. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Lars Pålsson Syll writes Post-real economics — a severe case of mathiness
New Economics Foundation writes Energy bills are falling – but the UK is still not protected from future price shocks
Lars Pålsson Syll writes Perché la trasformazione del capitalismo è necessaria
New Economics Foundation writes New Economics Podcast: Do we need to fight for the right to protest?
| People freaking out over quantitative tightening because they don't really understand what it is or, its effects. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ |
Consider the debt service alone is heading to $1 trillion per year and still using percentages of economic numbers that rely on the government that's paying the debt service and the insanity is really hard to justify unless you're one of the lunatics in the asylum or benefiting from the asylum.
Balance sheet reduction will be the nail in the coffin. Inflation will plummet.
The US exports oil because the refiners are tuned to heavier grades. Really, Mike, you still don't get that crude has to be refined to be economically viable, and the US refinery complex doesn't want US oil unless it can be blended with heavier grades from Canada and Latin America. You want to keep US oil in the US? It will pile up indefinitely unless you import more to make it usable.
You didn’t talk at all about slowing growth. I’ll be fading this rally.
We are going to get the CPI report and interest rates are going to keep going up. 4% goal end of year.
Mortgage loans are decelerating lol
good stuff, Mike!
Hi Norman- Question; Do treasuries get treated differently than reserves in terms of bank capital requirements? With QT, the Feds are taking back their reserves in place of treasuries so I'm wondering how and why that makes any difference with the banks in terms lending and their leverage ratios.
Not sure how it affects capital requirements but Mike has said previously they use a reserve ratio so the reserve side of that ratio changes.
New high before the end of the year?
Great work Mike!
Good advice, you earned a new sub.
It's easy to advice to buy the market in a technical bounce. Wait till it turns back down and lower, Mike will come out with a lot of formulas explaining that too.