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Manchin issues inflation warning

Summary:
I believe they also need Manchin vote to raise the debt ceiling…Democrat activists are ramping up pressure on Manchin and Arizona Democratic Sen. Kyrsten Sinema to support passage of the legislation in the Senate. "I'm not liberal," Manchin said on Tuesday evening. "I don't know what to tell you. I love you all. I'm just not. I don't try to change Bernie [Sanders]. Bernie is true to himself. I respect and appreciate that. Why do they want to change me?" Some in the business community, notably Tesla and SpaceX CEO Elon Musk, oppose Biden's bill, warning that the nation's record trillion deficit is not sustainable. "If this was a company, it would be a trillion loss," Musk said, addressing the federal government's level of spending. "This can't keep going." ?Manchin issues new

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I believe they also need Manchin vote to raise the debt ceiling…


Democrat activists are ramping up pressure on Manchin and Arizona Democratic Sen. Kyrsten Sinema to support passage of the legislation in the Senate. "I'm not liberal," Manchin said on Tuesday evening. "I don't know what to tell you. I love you all. I'm just not. I don't try to change Bernie [Sanders]. Bernie is true to himself. I respect and appreciate that. Why do they want to change me?" 

Some in the business community, notably Tesla and SpaceX CEO Elon Musk, oppose Biden's bill, warning that the nation's record $3 trillion deficit is not sustainable. "If this was a company, it would be a $3 trillion loss," Musk said, addressing the federal government's level of spending. "This can't keep going."

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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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