Mike Norman Economics

Is the market on the verge of another big advance?

Still have to watch net government transfers. If they keep falling, economic growth may go flat. 

 Back in April, the Atlanta Fed's first GDP forecast for Q2 was 4.2%. I said that was ridiculous based on the year-over-year drop in net government transfers. I said they would have to revise that lower, probably equal to Q1 GDP of 1.6% if that. And sure enough, they did...FIVE TIMES, until they got it down to 1.5%-1.6%.Then, because of one strong retail sales report in May, they boosted it back up to 3.2%. Once again, I said they'd have to bring that down because the year-over-year drop in...

Classic topping action when economic growth is slowing. 

A picture is worth 1000 words and that certainly true here. 

Dems doubling down on their current moron monetarist thesis that a plurality of voters will prefer the current regressive high interest rate policy over some other less regressive Trump fiscal/monetary policy…Sixteen of the world's most notable economists — all Nobel Prize winners — are warning that former President Donald Trump could stoke inflation if he wins the presidency in November and moves forward with his economic plans. https://t.co/JRbXTuje2F— CBS News (@CBSNews) June 26, 2024...

Wait patiently for your opportunities. They will come to you. 

Expect to see at least one percent reduction in GDP growth going forward and possibly no growth at all. 

The Daily Kos is influential "on the left." This is good review of "Finding the Money" and hopefully it will wake more folks up to the fact that affordability is not the issue but rather the availability of real resources.Daily KosWatch this MovieBethesda 1971

Nvidia aside, fiscal flows will remain strong through the end of the year.