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Is this a surprise to anyone? I bought. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes
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Is this a surprise to anyone? I bought. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes
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Mike Norman writes Class
Mike Norman writes Episode 8 (S2) of the Smith Family Manga is now available — Bill Mitchell
Michael Hudson writes Beyond Surface Economics: The Case for Structural Reform
Nick Falvo writes Homelessness planning during COVID
| Is this a surprise to anyone? I bought. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes |
Making money is an action. Keeping money is behavior. Growing money is knowledge.
Wow!!! I thought I was the only beneficiary of Mr Avi trading services. His technique and strategies are the best.
Same here, I'll praise Mr Avi over and over again because he has great skills, i started with $2000 and after 2week i received a returns of $6,000 then i continue with him ever since he has been delivering.
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MIGHTY MIKE !!!!
Rates should go much much higher. End all this gambling and inflation.
@Roanora Yeaaahhh… 🤨 Now everything in Turkey is more than twice as expensive and at the same time the currency lost half its value. SUCCESS!!
@Roanora The facts are: the government had to backstop the lira through capital controls. Which also helped cool inflation (still at 57%!!!) If your country was in this situation, would you be happy? 🤡
“However, these temporary gains have some significant side effects as well, including credit rationing by private banks, a lira that remains too expensive to reduce Turkey’s foreign trade deficit, and anxiety among both the private sector and wealthy households over the prospects for additional capital restrictions.”
@Dan B They were dealing with an inflation problem by raising rates, it didn't work, so they reversed course and our now printing 3 consecutive months of lower inflation. As long as they keep lowering rate policy inflation will continue to fall. Argue with reality all you want. Facts don't care about your feelings.
@Dan B According to you what is happening shouldn't be possible. How can Turkey lower rates during an inflation crisis and start getting YoY reads that are lower and lower each month?
@Roanora read the last comment again 👀 also some basic googling will explain
Stocks way to high, good luck.
nope you got it right first Mike…. BULLSHART
You might not be a psychiatrist. But your diagnosis on the Monetarists is spot on.
what your saying is absolutely correct. When congress abdicated their constitutional responsibility to another entity, so they could say well the economy collapsed its the FEDs fault, thats great it their fault, but then where does the responsibility then devolve to? There are countless vids on utube of the cops interrogating psychopaths interviewing them about a murder and they show them irrefutable proof they committed the murder. NO no no wasnt me not me, you all wrong it was the one armed fat man not me.. Irrefutable chain of proof you did it psycho. This is congress, no no no not us somebody else is responsible we love all our constituants. It was YOUR job under the constitution. Well its complicated. No the eff it isnt. Ultimately its congress who killed everybody isnt it? The FED and congress have Munchausen by Proxy and the population has Stockholm Syndrome, theirs your pathology.
There is a substitution effect. If investors can get 5.5% guaranteed from a government bond, they are less likely to buy stocks.
Less likely to margin due to more expensive funding. The aggregate saving increase will push spot buying.
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Truth be T mike, these zombie sells get stressful
Why are you even exposed to the markets? The bond market has been portending this for over a year! Historic curve inversion for the last year …. you should have been out a long time ago.
go mike, thanks again.
I like drunk Mike better. Anyway, MMT has no practical solution to inflation other than raising taxes and that's a hard sell given the strain on the average consumer. Let's talk about fiscal, the reason why we're here is the last 40 years of unconstrained fiscal stimulus … it's time for our comeuppance. There are no easy solutions (the pain is coming), but the honest way out of this is to cut government spending in half, deregulate ALL industries, and crank up the interest rate to 10% over the next 18-months. Shake out all the weak hands and let the best prepared businesses survive so the consolidations can begin – NO BAILOUTS or picking of winners or losers. I've said it here before, Powell has cocked this up (like his predecessors), but his message has been clear since Nov 2021 and he will continue to raise interest rates until 1) economic growth slows 2) wage growth slows / unemployment increases and 3) achieving a 2% YoY inflation rate. I bet dimes to donuts there is a better chance of fed funds rate going to 10% vs. 0% over the next 8 quarters.
They will keep raising for sure because they think that works to slow things down but it won't, not at our debt to gdp level. Money printers are going brrrrr. They could raise things high enough and fast enough they just break things like Volcker did but I tend to think they will eventually figure out the interest channel is driving inflation and then they will reverse policy. You can def bet on inflation running hotter and hotter until they reverse course.
@Roanora It will work. There has NEVER been a fight with inflation that didn't end in a bad recession. When enough people have lost their jobs, inflation will stabilize. What Mike doesn't like to say is that QE=MMT. This is all you need to know about MMT … the MMT guys stole the concept from the government's action in 2008-9 and now QE ends. It doesn't work … this is what happens when the cost of capital is ZERO and you don't let the bad actors fail. Good luck … put your slicker on because the shit storm's a com'in.
Great work Mike!
The only place where success comes before work is in the dictionary. ﹥﹥Vidal Sassoon
This is one of my favorite video's! This is one of the many, many reasons that I joined MMT Trader! Classic Mike!
Correctly understanding MMT is a must if you want to outsmart the inconceivable corruption within us all. Uncontrollable consumption and greed from top to bottom. Oh, and war. Peace
Only a seasoned pro who is as generous as Mike, could communicate this very important information to others with a limited understanding such as myself in such a short video. Always learning from Mike!
No new videos? Things not looking good.
Just did one give it 15 mins to upload