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Large $48 bln quarterly interest payment yesterday.

Summary:
Interest payments into the economy are increasing. It shows that rate hikes are fiscal expansions.

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Interest payments into the economy are increasing. It shows that rate hikes are fiscal expansions.
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.

7 comments

  1. great video man, love it

  2. Kino Casino VIP Fanboy

    Previous video you have warned us about the storm clouds on the horizon.

    This video… there storm is right behind you in the frame.

    Once again, 100% accuracy.

    You are the best!

  3. Great view. Enjoy the Gulf.

  4. Finance & Economics

    A storm's a comin', literally and figuratively.

  5. So crazy what u said about the June highs man wow

  6. Could you explain why the $47.5bn is on the DTS, considering you said before that the Fed is liable for it?

  7. I think shouldve sold

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