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Will $600 bln per month be enough to keep the party going?

Summary:
Fiscal flows peaked in March at 4 bln for the month. They've been trending lower. This month, gov't spending could fall below 0 bln. Will it be enough to keep the economy growing and stocks moving higher?

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Fiscal flows peaked in March at $984 bln for the month. They've been trending lower. This month, gov't spending could fall below $600 bln. Will it be enough to keep the economy growing and stocks moving higher?
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.

21 comments

  1. glad you got it checked out Mike. ?

  2. I'm glad your alright Mike

  3. If Mike thinks Commodities are coming down, he should have made a specific prediction of Gold prices, as he has in previous videos.

  4. Hope you heal up well Mike.

  5. Glad you are doing better and everything is ok uptop.

  6. I am guessing your face looks like my hands after an average days work. Also guessing your hands look marvelous.

  7. Mike question here about MMT, I've heard money gets destroyed when loans are payed is that true? And if it's true why do they destroy it?

  8. But the bank reserves are not part of the tier 1 capital?, so that should help with the leverage ratio not restrain banks to do the loans? That 5% as per basel

    • Yes bank reserves are not part of tier 1 capital, they are assets, and the banks can only have so many assets before they need to raise more capital to conform to regulations, so the banks will slow lending if it gets close to the limit. Remember that banks do not own the bank reserves, they are just borrowing them from depositers, that's why bank reserves are assets and not capital. Capital is what the bank owns outright.

    • @Alex Butler Thank you Alex, I got it now

  9. Do you think China can be the new Lehman Mike? How might that effect everything over here? Also, the banks are buying their stocks back at record amounts which is keeping the stock market lifted …from what I'm seeing

  10. I'm glad you're doing better Mike you are my shining armor

  11. Glad you’re ok

  12. Speedy Recovery, Mike. Trust that all is always well with you. Glad that you are going strong. Stay Blessed.

  13. There's definitely nothing wrong with the inside of your head, Mike. Heal well.

  14. Mike. Glad your doing better. Cheers

  15. Rate of Change…

  16. It doesn't matter as long as a deviated septum doesn't cause breathing issues

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