by Summary:
Major government transfers, yesterday, but I’m still not a fan of this rally. 
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Major government transfers, yesterday, but I’m still not a fan of this rally. 
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it
Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister
New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice
Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.
| Major government transfers, yesterday, but I’m still not a fan of this rally.  |
GDPnow shows 3.8% for second quarter 2024 so they did revise down.
Crouching bull hidden Mikey… patiently stalking its prey.
Thanks Mike, some great insights and advice as usual.
If there is going to be a pullback, I wish it was sooner than later. At this pace most of my 401K contributions are at near all-time highs.
reallocate it into cash for awhile.
Mike Rocks! Join the MMT team!
love it when you impart your wisdom
Give us some bitcoin advice Mikey. First asset in history with a finality of supply.
I'm the same way I like when markets are falling/crashing. Negative change reveals opportunities.
Buffett has billions in cash right now just waiting.
Sage advice!
As treasuries keep getting rolled over they will be replaced with high interest yields. Would this not increase the leading flows more as the interest payments are now very significant and will become even bigger. Possibly closing the gap between this year and last year's flows.
Plus they could run down the treasury account which I think is very high right now.
When more and more of the collected taxes are needed to pay out the principle and interest on US debt, it will cause 1) an honest debate about the growth of debt, deficit spending and inflation or 2) damn the torpedoes and just MMT our way it. I pick #2. Those with assets will benefit greatly … while the poor will continue to get pulverized into oblivion. Cue the class wars!
❤👁
Thank God for the monetarist zombie morons- they're making us rich 😅
PBOC Unveils $42 Billion Monetary Cannon To Boost Debt-Stricken Housing Market. Chinese FX Outflows Soar To Highest Since 2015 Devaluation. All of this points to higher crypto and US equities. This fiscal dominated world order will continue pumping up the US markets. US is at war time deficit spending …. MMT in action … recession cancelled.