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Goldman Sachs says public not afraid of banks anymore. So what was that all about?
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Goldman Sachs says public not afraid of banks anymore. So what was that all about?
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Mike Norman considers the following as important:
This could be interesting, too:
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| Goldman Sachs says public not afraid of banks anymore. So what was that all about? |
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🎉 yay!
Media has programed people to think it has an answer for every dip & pop. Every time, market dips, CNBC asks random guy on tv and parlay it as the answer. Listening to media actually hurts investors.
The Wealth (Debt) Ceiling is not going to go good because the ReThugLicans want to cause a recession in order to turn a key against the Democrats in order to help their candidate in 2024.
Mike, at this point I feel it's clear that the FED and the government want to see stocks continue to get decimated. Continuing to increase interest rates in the current economic backdrop is a fkn joke. They know the effects of the rate hikes will take time to manifest, yet they continue on their war path. To continue with this type of recklessness can only be intentional.
maybe one of them had an account there lol
It’s very hard to understand how adding assets (reserves/cash) to banks, is NOT a benefit to banks. Why would they need to hold more capital in order to hold even more cash reserves? Cash is cash like why would you need capital to back it up?
There are regulations about the ratio of different kinds of assets. Surprisingly, reserves are not the highest class of asset. Treasuries are, though. So banks often need to purchase treasuries with reserves to get that ratio right.
(a) holding cash is an opportunity cost, they'd prefer the records to be earning interest. (b) reserves are just clearing accounts at the FED, they're not truly an asset (no matter what anyone tells you), but are rather a mere regulatory instrument (instead of allowing banks to run overdrafts at the FED, some countries drop RR and allow overdrafts). To avoid a penalty you could consider Reserves an asset, in the sense that with current regulations without sufficient reserve points on their scoreboard they get a penalty.
Great video Mike! Looking good!
If the tax day is supposed to be that bad for the market, why hasn't it caused any serious negative reaction in 2021, 2020, 2019, 2018, 2017, 2016 … ?
Probably because the tax payments are made throughout the year and refunds soften the blow this time of year. Another consideration is not all businesses file in April because their fiscal year ends on something other than December 31.
that was what i was starting to see few wks back.
Could you discuss Jeff Snider's eurodollar theory and whether it makes sense through the MMT lens?
Mike this debt-ceiling stuff has really got me concerned. If they cut Social Security I am going to be in a very bad way. What are you going to do people don't want to know the truth thanks Mike
Social security is protected.
@David Cann I know Social Security can't go broke you know Social Security can't go broke. And the lying politicians no social security can't go broke. That's not going to stop them from cutting it.
Shoot! when this video popped up on my youtube feed i really thought it was the cookie monster but no! Its Mike Norman!
Mike… When the logic being used seems too stupid to be true.. its because it's planned..
I've been yapping about it for almost 2 years now.