Thursday , September 28 2023
Home / Mike Norman Economics / Fiscal Flow from Interest payments now equals Defense payments

Fiscal Flow from Interest payments now equals Defense payments

Summary:
👍U.S. Interest payment is now equal to Defense spendingAnd 30% of the debt has to be refinanced in the next 12 months at todays higher rates!!Hang on! 🚀 pic.twitter.com/stDRMEkpSm— Mark Moss (@1MarkMoss) May 11, 2023 And Fed’s IOR policy (now at over 5% annual) providing B/mo. of additional Capital to Depository system leading to a recent all time high in Depository system Residual:Hard to imagine how the Art degree brain could see any of this as debilitating…. 🤔

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Mike Norman writes Challenges to the strong golden rule: MMT and bond market paranoia — Simon Wren-Lewis

Mike Norman writes Trump is Fighting an American Class War – and Winning — Joel Kotkin

Mike Norman writes Remembering Jim Crotty — JW Mason

Mike Norman writes At Least It’s Not As Bad As 1994 — Brian Romanchuk

👍





And Fed’s IOR policy (now at over 5% annual) providing $14B/mo. of additional Capital to Depository system leading to a recent all time high in Depository system Residual:


Fiscal Flow from Interest payments now equals Defense payments


Hard to imagine how the Art degree brain could see any of this as debilitating…. 🤔






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Your email address will not be published.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 *