Monday , March 1 2021
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Mike Norman

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.

Videos by Mike Norman

I love down market days like today!

Down market days get me excited. I’m like a kid in a toy store. I can’t buy enough!

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
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The "Big Short" guy goes bonkers on inflation. And Tesla? I told you.

Things getting really silly. Stay focused and you will be okay. Also…Tesla back in my valuation level.

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
https://twitter.com/mikenorman

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Believe it or not, gold may be the best contrarian play right now.

Gold is very much out of favor, but the conditions that drove it above $2000/oz last August are still around.

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
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Massive reserve increases onto banks starting. Will it destabilize?

Problematic for bank balance sheets. Could be destabilizing.

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
https://twitter.com/mikenorman

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What’s up with gold? Why is it lagging?

Producer selling, but that doesn’t mean longer bull move is over.

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
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Treasury sales and bilge pumps. Keeping the ship afloat.

The sale of Treasuries acts like a bilge pump, draining all those excess reserves that could end up sinking the banks.

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
https://twitter.com/mikenorman

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Should the Fed just tear up all its Treasury securities?

The short answer is yes, and it should, immediately.

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
https://twitter.com/mikenorman

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The "business cycle" is a myth.

There is no amount of economic weakness that cannot be cured with a sufficient amount of fiscal support, provided the real assets are there.

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
https://twitter.com/mikenorman

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The reason behind Bitcoin’s (and other crypto’s) ascendance.

Mistrust of state currency brought about by U.S. efforts to destroy the global dollar-based financial system.

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
https://twitter.com/mikenorman

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Are the dollar’s days as reserve currency numbered?

Weaponization of the dollar has left many countries, and the world, really, with no other choice but to find an alternative.

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
https://twitter.com/mikenorman

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Was canceling the XL pipeline a good move?

This is a controversial topic. I state why I think it was the right move.

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
https://twitter.com/mikenorman

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Tesla buys $1.5 bln worth of Bitcoin.

The action switches back to crypto’s. Historic fiscal expansion underpinning this.

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
https://twitter.com/mikenorman

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To make big money trade like Mr. Barilla.

I knew Mr. Barilla. He taught me a very valuable lesson. He showed me that to make big money you had to put on a position and hold it.

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
https://twitter.com/mikenorman

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The dollar bulls are back.

They never learn.

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
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Bank reserves. Where they come from and their implication.

Many people have the wrong understanding of reserves. Hopefully this clears some of the misunderstanding up.

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
https://twitter.com/mikenorman

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When the Hunt bros tried to corner the silver market.

Spoiler alert…it didn’t end well.

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
https://twitter.com/mikenorman

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Wall Street billionaire says YOU wanting some fairness is b.s!

A Wall Street billionaire is crying about having to pay taxes and says YOU wanting fairness in the system is Bullshit. Leon Cooperman.

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
https://twitter.com/mikenorman

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Outrage! Small investors get screwed by Robinhood and the hedge funds!

It didn’t take long for the tables to turn once again. Robinhood shuts down trading in Gamestop and AMC, forcing liquidation only to protect the losing billionaire run hedge funds.

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
https://twitter.com/mikenorman

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The revolution has begun! Wall St under attack by small investors!

An army of little traders are attacking the shady hedge funds and financial elites, attempting to claw back decades of ill gotten gains. And they’re succeeding!

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
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Is the Gamestop game the new Bitcoin?

Robinhood traders blowing up the shorts. Go get ’em!

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
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Gamestop debacle: short selling is a useless economic activity.

Short selling is a wasteful and useless economic activity akin to gambling. You should avoid it.

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
https://twitter.com/mikenorman

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The reflation trade is over! (Says Wall Street.)

Short-term thinking is not unique to amateur investors. The "pros" do it too.

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
https://twitter.com/mikenorman

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The big lie: We’re leaving a debt to our kids and grandkids.

The only true way to burden future generations is to consume real assets to the point where they cannot be replaced and shortages are the norm. Or, destruction of the environment. Government deficits do not present a burden to future generations.

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
https://twitter.com/mikenorman

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What caused the 2008 housing market "crash."

It was a failure of a proper response. It could have been avoided.

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
https://twitter.com/mikenorman

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Janet Yellen. She was good, then maddening.

Janet Yellen should know something about interest rates and how they are set. She ran the Fed. So maddening.

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
https://twitter.com/mikenorman

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Doesn’t the debt ceiling "prove" the government must borrow?

Debt ceiling is a self-imposed constraint. Treasury is not allowed to run an overdraft in its account at the Fed. Meanwhile, all banks can. It’s absurd.

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
https://twitter.com/mikenorman

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Does gov’t spending crowd out private investment?

We’ve often been told that government spending crowds out private investment. Is this really true?

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
https://twitter.com/mikenorman

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Why does the Treasury sell securities when the gov’t can issue money?

A question from a viewer answered. Debt sales are a reserve drain operation. That’s all.

Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Download my podcasts! New one every week. https://www.buzzsprout.com/1105286

Mike Norman Twitter
https://twitter.com/mikenorman

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