Saturday , November 16 2024
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Not too bad, considering what just happened.

Summary:
Ecocnomy's balances have been drained by 5 bln already from taxes and more is coming. Despite this, stocks held up well. For now. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://www.pitbulleconomics.com Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes

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Ecocnomy's balances have been drained by $125 bln already from taxes and more is coming. Despite this, stocks held up well. For now.



Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader.

https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes



Mike Norman Twitter

https://twitter.com/mikenorman



Mike Norman Economics: https://www.pitbulleconomics.com



Understanding the Daily Treasury Statement video course.

https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes
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.

11 comments

  1. Hi mike thanks for the content. Wanted to let you know here in California and I guess Arizona as well the tax date was moved to October due to some fire. Maybe this means this year so far the drain will be slightly lower than usual as California takes tons of taxes. Just wanted to share that info. Thanks again!

  2. excellent

  3. Home Youtube Channel

    Mike – how are you? I hope u are feeling ok and healthy. The sound of your voice felt a little different than usual and i hope you are taking care of yourself ❤

  4. Austerity is Murder-Genocide! They better keep their hands off of the little that's left!!! #LearnMMT!

  5. Looking good Mike! Great work as always!

  6. It never stops getting exciting when you realize how much you've learned from Mike! True wealth in realized gains!

  7. Don't the interest incomes compensate for the drains?

  8. garyseeseverything

    The money is being replaced by digital and they will now tax and follow our every move! We’ve known this for 5 years.

  9. Why buy Treasuries when I can buy HEX?

    Legitimate question..

  10. Decentralised store of value, it secures 38%+ APY on the blockchain.

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