Mike Norman Economics

What's happening now in response to the Fed's policy shift is the exact opposite of what investors believed would happen.

This has all the earmarks of a US led color revolution.

In a recent tweet Schiff says higher rates by the Fed will fuel inflation. This is a reversal of his long-held stance that low rates (i.e. "cheap money") fueled inflation.

You can watch in real time now as the deficit shrinks, and what that means.

Balance sheet operations are relevant only in how they affect the composition of dollar assets in the economy. Other than that, nothing.

First-of-month spending boosts flows. But full picture is still uncertain. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

A plunge in gov't spending y-o-y, but that doesn't tell the whole story.

Not a good development for the economy and stock market.

A lot will happen in 2022. Fiscal. Fed. Midterms and more. Get ready for a wild ride.

Wasn't expecting such a slowdown. Could be end-of-year stuff or the new normal, but at the moment looking soft.