by Summary:
Everyone at the Fed and FDIC should be fired IMMEDIATELY! Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Everyone at the Fed and FDIC should be fired IMMEDIATELY! Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Mike Norman writes Class
Mike Norman writes Episode 8 (S2) of the Smith Family Manga is now available — Bill Mitchell
Michael Hudson writes Beyond Surface Economics: The Case for Structural Reform
Nick Falvo writes Homelessness planning during COVID
| Everyone at the Fed and FDIC should be fired IMMEDIATELY! Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes |
@5:11 and 5:46 Mike has seen the light.
Could the Fed be allowing this to happen to shock the economy and attack inflation?
I own a few shares of SVB Financial Group (SIVB), whoopsie daisy. Luckily, this was a very small part of my portfolio. I've never seen any of my holdings blow up so much so quickly.
You can't help it Mike, it's in your blood.
The SVB had a special type of clientele, mostly startups, that in times of funding crunch, had to draw down on their deposits
I am one of those startups in silicon valley
I didn't want to pay interest on new loans or lines if credit so I decided to use my cash in the bank to pay bills
I suspect many of us did that simultaneously
SVB went to liquidate their assets and their assets marked to market sold for less than book value
Then rumors started, idiots wondering is the bank insolvent
It was an irresponsible, uninformed rumor
Then, based on the rumors, startups were advised by their venture investors to move their funds out
That created a run on bank
Most big banks are well capitalized
But we have plenty idiots who are self defeating, they all deserve to lose money
I never thought you would leave NY. That is your home and your life. It fits you.
I lived in NYC for 3 years and it was amazing!
You can take Mike out of New York but you can't take the New York out of Mike
Mike Norman for Pres
I agree with you! I have deep roots as well.
Sometimes you have to go make that change, live there and experience first to make the final decision. Why not stay in rent for some time?
They aren't called BANKSTERS by accident…. definitely END the Fed! They are all criminals
Sounds like they failed to ladder their bond portfolio.
WAMU…Washington Mutual
Right!
Great video thanks for your input
Love hearing you spell this out with SVB. Btw Ft Lauderdale not so great. I see why you don’t love it. Check out St Petersburg near Tampa Florida. I have a feeling more up your alley
Jerome Powell is the worst Fed Chairman in history!
Gotta love Mike! Keeping it real!
Thank you sir we missed you