by Summary:
A massive release of pent up angst.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
A massive release of pent up angst.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Building hope
New Economics Foundation writes Are oil and gas workers the coalminers of our generation?
Mike Norman writes Tariffs As A Fiscal Tool? — Brian Romanchuk
Michael Hudson writes A Concept of a Plan … for the National Interest
| A massive release of pent up angst. |
Another argument I’ve stumbled upon is that the reason for the yield to go up is economic growth expectations. That could makes sense but the follow up was that the growth is the only way to pay down the debt and inflated away. I’m still wondering what this commentator is smoking…I want some of it!
Long bonds is an easy trade just look at oil. Oil down bonds up.
Protectionism is great. Its also better for the environment because shortens suply chains.
And protectionism is great because in times of war all those civilian factories will be converted into war factories.
Dumb bull run! Tax cuts + fiscal constraints + rate cuts + tariffs…cluster f**k of nonsense.
As always, thanks Mike. Look forward to hearing from you everyday.
#47 Baby.
Let's hurt some feelings, cut some red tape and get shit done.
Really good Mike! Please keep sharing your knowledge it is much appreciated. Best regards.
These people know what they are saying is crap. They say it to scare the market into investing in Gold & BTC. It's a pumping scam and they are making the profits.
Whenever Mike says Goooonlaaarrrag, I press Like
Trump exploits the anger of the average american at the system for not Clinton revoke of Glass Stegall, Bush , Obama failure to break up the big banks in 2007, Democrats need to grow some balls to break up the big banks and return glass stegall. Talk about a perfect storm for a black swan, remove all financial cops on the block at the same time very very high private debt. 2007 here we come. Mike question: How do you account for assets veruse debt in the dark pools and is this private debt accounted for in the system? In the dark unregulated market in which Gensler has stated " We have no idea the exposure risks for speculation by the dark pools. Perfect storm for another black swan.
Glass Stegall worked for 6 decades, and prevented putting the deposits of savers in commercial banks at risk, due to financial fraud of commerical banks putting bank deposits at risk due to non regulated reckless bets with other people's money. Clinton removed this safeguard, Bush (GOP) and Obama (DEM) under AG Holder did nothing to break up the banks, now even more risk. Borne time line " The Warning", says it all. The champagne democrats are captured now by the banking system and unable to do the right thing by americans. Trump is an evil man who can be relied on to continue his heist. FASB back than in 2007 Market to Fantasy became rule of the day. I am not surprised at the exploitation of anger of the average american by godless evil men like Trump.
Musk will put the country in a recession at best depression at worse. Meanwhile Musk gets federal transfer payments from Nasa, and transfer payments in the form of 7500 dollars per car. You are absolutely right about modern money theorey, Kensian versus austrian economics. The best of Kensian provide the money to encourage growth, down side which also is the best of Austrian economics, "The Fed can never price control the real time order flow of the millions of transactions in the economy every day, and every time the Fed causes malinvestment and bubbles. Who wins over the next 4 years, continuation of exploitation by financialization of america by bloated financial system and Trump or as you say the idiots like Musk and Trump bring us down.
Well, here's the thing with the protectionism: It may be good for you as a consumer to get cheap stuff from China but not so much as someone in manufacturing stateside competing with industries abroad. Not everyone's in the financial industry.
All these anti-immigrant sentiments and the calls for getting rid of free trade agreements are motivated by voters feeling they're being screwed over in the labor market, rendering their lives precarious and stressful. True or false, that's what brings them to the ballot box.
Mike – why is your X account suspended?
So your point is, you're hoping the second Trump term to be basically the Hoover administration, in hopes that it is succeeded by an FDR 2.0 and a new New Deal…?
Well, I wouldn't want to actively contribute to such a thing, but if it happens through no fault of mine it's a great experiment to watch. Unfortunately if I had voted for Trump I'd feel just a little bit responsible. I'd be running an unethical experiment because I contributed to causing the malaise in just the minutest way. It's like the difference between an anatomist who studies dead bodies that had died anyway and one that studies bodies he's whacked himself.
I'm not eligible to vote in the US elections, so to me it was never an issue.
Also it can go disastrously wrong sometimes. When chancellor Brüning imposed austerity on Weimar Germany in the early 1930s, guess who was chancellor one year after him…!
Not every country went FDR.
Like I said, interesting experiment to watch as long as I don't feel partially responsible…
Which I don't, so I'm watching it.
"No V shape", i remember
Thank Mike for MMT ❤👁
Mike The Legend 😂💯🤝🏽❤️🔥
One reason for the protectionism is that the $USD China receives is used to fund it's military ambitions. Europe right now is a good example. Russia sells Europe natural gas and makes a fortune, and with that money they funded their invasion of Eastern Europe. Iran expanding it's proxy wars after receiving billions in aid from the USA is another example.