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Mike Norman Economics

Oil spreads indicate market is still "tight."

The oil market backwardation has narrowed over the past 3 days, but it's still historically high. This is bullish. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

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Euro tumbling to parity with USD. (And beyond.)

Current U.S. European policies ensure the euro will continue to fall. Parity to USD and then below. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

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Like pulling teeth.

Market's slow grind higher is like pulling teeth. Be patient and disciplined. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

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Dreaded QT has begun. Watch the doomsayers go down.

All the catastrophic predictions with respect to the Fed's dreaded "QT." Watch how wrong this will turn out. I predicted this a long time ago. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

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Heavy speculative liquidation of gold and oil.

Market bounced as I told you it would. Meanwhile, heavy speculative liquidation of gold and oil. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

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Market rebounds, as I said. Positive fiscal flow. What’s ahead?

Like I said, in the lead up to today's action, large first-of-month gov't disbursement would boost stocks. Rally should continue into early next week, then slowing fiscal should create a pullback. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

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Bond yields coming down as economic recession takes hold.

Atlanta Fed now forecasts negative second quarter GDP growth. Bond yields coming down. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

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More signs of weakening economic activity.

Diesel fuel demand (commerce) and rising unemployment benefit flows. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

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Fiscal is now recessionary. Not enough.

Tax drain is now an everyday feature, with a few exceptions every month. However, those are not enough to avoid recession and rising unemployment. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

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We’re approaching the "event horizon."

We're approaching the point where tax flows suck all the liquidity from the economy and market, dragging both down an inescapable black hole. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

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