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Deficit is $930 bln. Why are all the prominent MMTers silent on this? They should be cheering, no?

Summary:
The deficit as of August 15, was 1 bln. That's the highest in 7 years. And as a percentage of GDP it's now at 4.4%, the highest in 6 years. So why are all the prominent MMTers silent about this?Nothing from Kelton. Mosler continues to put out bearish forecasts. (Going on 5 years now!)They only talk about deficits when it's convenient for them?They say they're not political, but it seems to me that not mentioning the deficit is a way of not giving credit to Trump, even obliquely.Their information and analysis is discredited in my opinion. If you want to play objective you have to be objective.

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The deficit as of August 15, was $931 bln. That's the highest in 7 years. And as a percentage of GDP it's now at 4.4%, the highest in 6 years.

Deficit is $930 bln. Why are all the prominent MMTers silent on this? They should be cheering, no?Deficit is $930 bln. Why are all the prominent MMTers silent on this? They should be cheering, no?

So why are all the prominent MMTers silent about this?

Nothing from Kelton. Mosler continues to put out bearish forecasts. (Going on 5 years now!)

They only talk about deficits when it's convenient for them?

They say they're not political, but it seems to me that not mentioning the deficit is a way of not giving credit to Trump, even obliquely.

Their information and analysis is discredited in my opinion. If you want to play objective you have to be objective.

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.

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