Tuesday , November 5 2024
Home / Mike Norman Economics / 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?

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.

Topics:
Mike Norman considers the following as important: , ,

This could be interesting, too:

Matias Vernengo writes Modern Money Theory in the Tropics: A Reply to Agustin Mario

Frances Coppola writes Pandemic economics: the role of central banks and monetary policy

Frances Coppola writes Pandemic economics: the role of central banks and monetary policy

Mike Norman writes Mnuchin says US must cut spending and reduce the deficit: Recipe for guaranteed recession.

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.

Leave a Reply

Your email address will not be published. Required fields are marked *