Friday , April 26 2024
Home / Video / We’re approaching the "event horizon."

We’re approaching the "event horizon."

Summary:
We're approaching the point where tax flows suck all the liquidity from the economy and market, dragging both down an inescapable black hole. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

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We're approaching the point where tax flows suck all the liquidity from the economy and market, dragging both down an inescapable black hole.



Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader.

https://www.pitbulleconomics.com/



Mike Norman Twitter

https://twitter.com/mikenorman



Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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.

15 comments

  1. Reverend 'Tacos' Entertainment Channel

    Market gonna crash bet against the debt

  2. So recession will come?

  3. The market is still flush with cash. Every day near bankruptcy companies pump up 500%. Still a long way to go…

  4. Flip flop again?

  5. Mikey – you think we need to start giving cheques directly to people ?

  6. Punch_Bowl_Turd

    HEY MIKE I HAVE 1 FOR YOU! last few yrs ESG has become a thing goin fwd. quote from CF industries in reference from a UNP response. "On Friday, April 8, 2022, Union Pacific informed CF Industries without advance notice that it was mandating certain shippers to reduce the volume of private cars on its railroad effective immediately. The Company was told to reduce its shipments by nearly 20%. CF Industries believes it will still be able to fulfill delivery of product already contracted for rail shipment to Union Pacific destinations, albeit with likely delays. However, because Union Pacific has told the Company that noncompliance will result in the embargo of its facilities by the railroad, CF Industries may not have available shipping capacity to take new rail orders involving Union Pacific rail lines to meet late season demand for fertilizer. "

    we have a planned shortage going into the future. if ppl think this is fake CF indusries headline itself "CF Industries: Union Pacific Curtails Fertilizer Shipments, Delaying Deliveries and Preventing New Rail Orders from Being Taken"

    this global corp governance appears to be usin the white supremacistic bs of climate change to create shortages for inflation central banks failed at dong last 10 yrs +. i see this as a desruction to. MMT as you promote it, thoughts?

  7. It seems with QE the Fed gets no inflation, but with PPP "loans" and direct "stimmy" cheques to the public… all of a sudden they get more inflation than they wanted or were anticipating. They were trying to "stimulate" the economy in 2019 with continued QE and couldn't get inflation above 2%, even though the Fed wanted to let it "run hot" at 2.5-3%.

  8. So we are going down harder, credit creation is fuked because of rising interest rates, low gov spending and QT. Its a deflatio period, healthy for the economy but still bearish. QT will jump to 95 billion in 2 months, time to short and have cash at the ready to buy low.

  9. tomvorapot tomvorapot

    It's not only the dry air Mike. I noticed that as I get older and when I have to talk continuously for a length of times, the throat becomes dry easier than when you're young. I solve this by having a bottle of water nearby and take a sip when that happens, that solves the problem every time.
    BTW, great insights you share in every video. Thank you for this!

  10. Is there any reason why these 'tax drains' are not 'predictable'?

  11. Artificial intelligence plays the stock market with itself 💰💰💰

  12. all money is fiat currency no backing with real money which is its creation from thin air to run the economy so it is expected to face up with an event on the horizon.

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