Friday , May 9 2025
Home / Mike Norman Economics / Debt Ceiling MAGA breakdown

Debt Ceiling MAGA breakdown

Summary:
Bannon, Navarro and a gold dude provide a breakdown on the current debt ceiling situation… I think this segment identifies pretty well the current populist libertarian MAGA GOP wing position on “debt ceiling”… MMT gets a disparaging mention…If it is re-suspended they think it’s bearish USD, if US defaults they think it’s bearish USD, if it is re-suspended -they think it is bearish bonds and if US defaults they provide no opinion on bonds…

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model

Mike Norman writes The Accursed Tariffs — NeilW

Mike Norman writes IRS has agreed to share migrants’ tax information with ICE

Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius

Bannon, Navarro and a gold dude provide a breakdown on the current debt ceiling situation… I think this segment identifies pretty well the current populist libertarian MAGA GOP wing position on “debt ceiling”… MMT gets a disparaging mention…

If it is re-suspended they think it’s bearish USD, if US defaults they think it’s bearish USD, if it is re-suspended -they think it is bearish bonds and if US defaults they provide no opinion on bonds…



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Your email address will not be published.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 *