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Big miss on today's ADP payroll number. This could portend a weaker than expected job number on Friday and market reaction. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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Big miss on today's ADP payroll number. This could portend a weaker than expected job number on Friday and market reaction. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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Michael Hudson writes Beyond Surface Economics: The Case for Structural Reform
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| Big miss on today's ADP payroll number. This could portend a weaker than expected job number on Friday and market reaction. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ |
tapering next year, nasdaq rules once again
i see the repubs cryin bout food stamp "abuse" in expansions today.
The Reps want socialism only for the rich ? !
@Jari Rutanen so do the dems. i recall solyndra very well. they're just more sneaky bout it.
@Punch_Bowl_Turd , true as well. It was Bill Clinton who repealed Glas-Steagal act in 1999 making the fin.sector a huge casino. Dotcom bubble popped march 2000.
Dow 36k?
When is it priced in though?
so… sell stocks now?
New podcast stoked
Mike is the GOAT
Really appreciate your opinion
The correction may either be through time, or 0.45%, or upwards.
It might also be 2%, but why bet on a small move with quite low probability that will only last a brief period of time?
Hey Mike, what do you think of the fact that leading up to the Great Depression, money velocity became inverse with the Dow, then after that, the Dow was roughly correlated with money velocity, and then, since the 2000 crash, the Dow, S&P, etc. became once again inverted from money velocity, and after 2008, the divergence became extreme? I see it as a case of the regular peoples' economy being starved of dollars, while the rich are getting a bigger share. The last time money velocity became this low, it lead to an inflection point, the New Deal. The stock market may not be a financial bubble, but it will be a political/social bubble, once material conditions become bad enough for the average person.