Sunday , November 17 2024
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$73 bln of tax drain still needs to be recovered.

Summary:
Still billion of outstanding tax drain needs to be recovered. You need commitment to be successful.

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Still $73 billion of outstanding tax drain needs to be recovered. You need commitment to be successful.
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.

17 comments

  1. darren delahunty

    Luvin the hat 😊jus a cool m.f.er 😊😂

  2. Looking good Mike!

  3. 3:30/4am and cold showers? You're a machine, Mike…

  4. superarsenal009

    outdoor videos, cool

  5. ToHellor Barbados

    Chin-line's looking better! Go man go…

  6. Excellent analysis, thanks for posting.

  7. cool hat man

  8. only worry is when we were all bullish back in 2021 and mmt looked bullish then the market tanked

  9. So true – thanks Mike. Good to see you enjoying Florida!! I think we will have a fake pull back than a blastoff in equities soon. These are REAL assets for the most part.

  10. Commit! Yes. Discipline is key. Thank you Mike. 330am rocks.

  11. ❤👁

  12. Awesome video. I personally think gold is headed back to $1820 or lower. The gold fear trade is off right now

  13. Cowboy Mike Norman. The hat looks good on you Mike

  14. Sailorforlife BESTTI

    The total investment in public infurstructure in this administration is unrivaled. We finally have an admistraion that has addressed Middle Classs, investments such as IRA, and just yesterday the Broadband investment for rural area and defense spening. These are good paying jobs Middle Class jobs that are being created. Thes are not FIRE investments that don’t land in the Rich pockets, ie…Trickle Down Economics. Wall Street is confused still looking at the interest rate hikes running around like chicken little. They don’t even know what’s going on. Mike you figured out a backdoor way to follow the money even w/ out knowing policies. Kudos!

  15. Great pep talk! Commitment is key!

  16. Is there a market for derivative contracts on the indices of stock markets. Could one buy calls on, say, the Turkish stock market without having exposure to the local currency?

  17. According to Federal Reserve the top 1% have 16X the wealth of the bottom 50 percent, so to put a dollar value on it, $43 trillions versus $2.8 trillions. Up from 5X during the Brady Bunch era. The TCJA tax drain on the treasury is a lot more than $73 billions a year, like better than triple that amount annually, 2018- 2025, and Mr. McConnell wants to renew & turbo charge that for the period 2026- 2033. We are a country who helps the rich, and we certainly commit to that. You got to commit.

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