Wednesday , October 16 2024
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You will remember this in six months.

Summary:
I am giving you the beginning of a major move that no one else sees. 

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I am giving you the beginning of a major move that no one else sees. 
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

26 comments

  1. Thanks for the updates, Mike. Hope your home power gets back on soon.

  2. Glad you are safe.

  3. Happy Italian Pride to all who are celebrating !!!

  4. Dont give into the fomo

  5. You are bang on again. Net interest income, yes, it is minor, but it's there. You can see it plain as day!

  6. And Wazza (in Australia, Wazza is a nickname for Warren) Wazza isn't holding Banks!

  7. The one painful thing about learning from you is knowing everything before it happens and arriving at the right conclusion early.

  8. Mike, just let us know how many hundreds of percents more will all the garbage stocks go up, which they did since the rate cut, before the downturn? How much more gains should we miss? This market action looks like a tornado of liquidity unleashed on the market.

    • Every stock trade has a seller and a buyer. Asset swaps i.e. dollars for shares. No increase in liquidity, just a change in hands.

  9. @nicholasgomez2485

    ANG Traders is pointing out that bank credit is more than making up for lower net-transfers…similar to the late 1990’s.

    • @@nicholasgomez2485 bank credit is exactly that, credit. There’s a liability attached whereas government transfers are net additions to financial balances. Furthermore, bank credit (I.e. loans) are growing slower than GDP.

    • @@nicholasgomez2485 And the late 1990s saw almost a balanced current account so there was little income transfer to the foreign sector. Not the case now.

    • +Average interest income yield is around 3.20% , cutting to 5% doesn't reduce interest income , only slows the growth in mid-term. So, Bank credit mis calc + interest income mis calc = This guy and his listeners loses out the rally

  10. im happy u uploaded very much anticipated have a nice weekend.

  11. i have positions in sells eurusd

  12. Her name is pronounced Comma-La, or better yet Vice President Harris (or just Harris). You wouldn't say Donald when referring to Trump so you should show show the same respect when referring to the Vice President.

    • As a general rule, that's true. Women tend to get first-named where men are "Mr. so-and-so," and it's crap. But in this specific situation, VP Harris has indicated she prefers people use "Kamala" (as long as they pronounce it right) because it's tied to her heritage (mom, sister, etc.) more than her common, very Anglicized last name.

      I do agree that Mike shows he's consuming a lot of right-wing media because he automatically defaults to mispronouncing her name and then saying 'whatever her name is," just like the talking heads and pols who lean way right. I try to block it out because, as an MMTer, I value his financial perspective.

  13. Thank you for a great video. So TLT for the long term?

    • Tactical long for me… I plan on shorting bonds eventually. Something is funky about this cycle. Smells like stagflation to me.

  14. Don't simply retire from something; have something to retire to..

    • It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days

  15. God I love your rants Mike

  16. Very astute observations…I used to think you were a crank, but I've come to appreciate your work. Cheers

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