by Summary:
Economists and Wall Street analysts simply do not understand accounting. 
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Economists and Wall Street analysts simply do not understand accounting. 
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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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.
| Economists and Wall Street analysts simply do not understand accounting.  |
Stay safe Mikey! Hey, so what the heck is juicin the market right now, because it ain’t fiscal! The deficit projection for the FY is over $1.8T, yet we are still at around $1.3T with only 37 days to go. If the Dow was at like 40k I’d be all in through Turkey Day, but I just don’t get this spike. 🧐
i went to a biz skool in 90s and it is true that assets= liabilities + expenses if i recall correctly with EOM adjustments for expenses & depreciating assets.
Must be psychological Mike but every countrys stock market has ripped on rate cuts
Thanks for the updates, Mike. If there are any big hotels in your area consider booking a room in case the power goes out at your place.
Mike I worked through the T account examples from Wrays MMT primer. Like you said, I was not taught this in school
don't worry, Mike I think you'll be OK. I think the storm is going to be above you. I'm not exactly sure where you are but just chill baby. You'll be OK.👍
Too bad I did not know your videos and your teaching years ago` today my financial situation would be much much better. I followed all these guys like Peter shift or Jim RIchards and I do not follow them anymore thanks god, but nobody let me understand how works the financial world as you. Thank you Mike, real many thanks.
Question. Doesn't increased government debt increase inflation and potential taxation?
😎😎 new highs in gold ..How's your short position
Loving the weather in So. Cal.
Good luck with the storm!
❤👁
Why won't lower interest income transfers push yield seeking capital out further the risk curve into equities?
What happened to hold you accountable? No way new highs or V reversal…here we are
They dont. I remember asking an ex-trader from london about monetary operations at college & he replied “I’m not an accountant”
@@dh-1501 Hahaha. There you go!
Hope y’all faded Mikey’s short gold call and did the opposite. Seems to be a reliable theme with his analysis.
Unbelievable. Yes!
Are you on Treasury Island, Fla.?