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Student loan payments

Summary:
-B per month net fiscal flow starting Aug 1st… more regressive fiscal policy on top of regressive interest rate policy… Brandon’s economic polls should take another hit…Student loan repayments are about to start again on August 1st, after 3 years of being able to skip without penalty.40 million people paying an average ~3 per month each will be pulled from the economy in discretionary spending.Should be interesting to see how this plays… pic.twitter.com/MLYSX72IC6— Wall Street Silver (@WallStreetSilv) May 31, 2023 Already in the toilet:Fox News Poll: Across the board, voters say economy getting worse for them https://t.co/AwjsaqF15k— Fox News (@FoxNews) April 27, 2023 Will get worse with these payments being reinstated and more policy interest rate increases…

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-$16B per month net fiscal flow starting Aug 1st… more regressive fiscal policy on top of regressive interest rate policy… Brandon’s economic polls should take another hit…



Already in the toilet:




Will get worse with these payments being reinstated and more policy interest rate increases…


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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