Mike Norman Economics

I was bored, so I wanted somebody to talk to, so I’m making his video.

Down week for the markets. Trend is still up. Oil is bullish. 

The same psycho behavior by the monetarists over and over again. It’s comical. 

Physical flows are strong. The trend is up through August 15.

Happy Fourth of July, everybody! My thoughts on the market and looking forward.

What was so evident with the massive failure of investors’ beliefs about how the economic system works. The elites were so wrong.

People ask me what’s your track record? Is it audited? To which I answer are you me? Would do exactly as I do? Every individual has their own temperament and emotional make up. People quit. And timing is not to be all end all. Patience is.

Some people may see this as a moral victory, but in the macroeconomics sense, nobody wins from this. In fact, we all lose. 

All the monetarists got it wrong. They are all going to have to cover their shorts as the economy is doing well and the market is going to go higher.

Still $73 billion of outstanding tax drain needs to be recovered. You need commitment to be successful.