by Summary:
I predicted this from their very first forecast. 
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
I predicted this from their very first forecast. 
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Is the Labour government delivering on its promises?
Robert Vienneau writes Why Is Marginalist Economics Wrong?
John Quiggin writes Dispensing with the US-centric financial system
New Economics Foundation writes Whose growth is it anyway?
| I predicted this from their very first forecast.  |
You were right. I saw the ATL Fed revision this morning.
You do have an understanding unlike the rest of the analyst on CNBC or Fox business!
They understand their paycheck and how to read a teleprompter while appearing convincing
Thanks for the update, Mike. Will be interesting to see how the flows go in the next couple of weeks. Also, its hard to believe with all the money the gov is allocating that the economy is not doing better. I watch some China videos and the economy there is crushed. We need China and the other big countries to get back on their feet to help grow the global economy. I'm amazed China is not doing more.
Great work Mike!!!
Join our team!!! It doesn't get any better than MMT Trader!
Don't the Trump tax cuts last THROUGH 2025? I thought 2026 was when we would see a higher tax drain.
To your point about the mainstream discipline of Economics not understanding the discipline—perhaps the reason is that the entire school of (European/Keynesian) Economics, as a System, has been deliberately misleading all those who pass through that System of "Education". In a recent interview, Warren Mosler told of a department head at his university, who flat out told him, they KNOW that Money & Banking is taught wrong, yet they refused to entertain changing the curriculum—why…
I have a degree in Econ, and can attest that the fractional reserve THEORY of banking that is taught, is flat out (deliberately) wrong, and that the more accurate description, as Richard Werner (and Mosler, as well) has exposed, is credit creation. Rather than deposits being lent, as most people have falsely been led to believe, banks, instead, create money out of thin air, the moment a loan is originated. Banks are in the business of purchasing assets, they then create the "money" to lend, and they charge usury for that fictitious debt-based "money". This wholly monopolized, Babylonian System that has coerced humanity through legal tender law, and taxation (which is what fiat's "value" hinges, upon, that governments worldwide, only accept taxes in local fiat) is wholly corrupt, as it has been, going back to its origins in Mesopotamia by the Temples and Priests, who back then, were the bankers/Temple Treasury operators. The world's prevailing Abrahamic religious System, is even debt-based…wonder why… Anyway, here is the timestamp for the Mosler interview, for anyone interested: https://youtu.be/Ef7pqmV4ylA?feature=shared&t=1342
Good stuff Mike! Thanks man!!
We had a great day today, full of halts and glitches.
Yup, pretty underreported. Not to mention the sec letting the kitty dude break the law with the game stop fraud
So, last week was GDP contraction reporting and market expectations were bearish correction but with these “new”flows the picture is positive? Wooo hooo, whipsaw Mikey! Love how the flows follow the market.
So true so true
Hysterical. Ol Mikey, tail waggin the dog just like we commented last week. Flip flop again. Gotta love this dude. Reporting to support market direction, but entertaining no doubt.
Mike -you were right about the atlanta fed revisions!!!!!! 👍
The decline in net government transfers was mainly due to the April tax drain which ends up in the treasury account.
This could be be all respent back into the economy before the election bringing the flows back up above last year.
Taxation destroys money. Treasury account is just book keeping, not money.
The April tax drain has been discussed by me in detail. And net gov't transfers were falling y-o-y before the tax drain.
You still the best Mike, respect from Romania. 🙂
$WTI down again tho?
growth Slowing over….let the rally resume!