Monday , April 21 2025
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2025 Fiscal

Summary:
Looks like DOGE/Elon trying to reduce top line by T by September… US GDP T/yr…. So no multiple that’s a direct 3.7% … I guess they think they’re only reducing govt spending on unnecessary regulatory activities or something… climate nutter stuff etc… maybe the “Argentina model”… ?Reducing the federal deficit from T to T in FY2026 requires cutting an average of ~B/day in projected 2026 spending from now to Sept 30. That would still result in a ~T deficit, but economic growth should be able to match that number, which would mean no inflation in…— Elon Musk (@elonmusk) January 31, 2025 He seems to understand the Art degree figure of speech “money!” as rather a scientific abstraction:The real economy is not money, it is goods & services. Money is simply an abstract representation

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Looks like DOGE/Elon trying to reduce top line by $1T by September… US GDP $27T/yr…. So no multiple that’s a direct 3.7% … 

I guess they think they’re only reducing govt spending on unnecessary regulatory activities or something… climate nutter stuff etc… maybe the “Argentina model”… ?




He seems to understand the Art degree figure of speech “money!” as rather a scientific abstraction:






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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