by Summary:
Strong fiscal flows, deficits rebuilding. I can't get bearish with 0 bln plus per month of federal spending. 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/
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Strong fiscal flows, deficits rebuilding. I can't get bearish with 0 bln plus per month of federal spending. 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/
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
| Strong fiscal flows, deficits rebuilding. I can't get bearish with $600 bln plus per month of federal spending. 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/ |
Thanks for your wisdom Mike. 11:04 nice point. Off topic you have got some good white teeth
Buffett is buying a lot of oil companies. Maybe he watches this channel lol.
Yep. Rough Day.
Housing single family week over week in the toilet, higher interest rates crashing this market AGAIN.
So trillions in credit to the street (inflation too many dollars) at sametime Powell making this credit expensive? who wins?
not the size of the basis point move but the RATE OF CHANGE OF THE INTEREST RATES, 2.0 percent interest rate (rate of change to 3.0 %) is not incremental rate of change this is the key rate of change.
Buffett is an insurance man not stocks, he took the premiums from his insurance companies and bought into equities, INSURANCE RUNS THE WORLD.
Warren Buffett wasn't sitting it out. He was just being more targeted. He's a value investor. And being a value investor means that you invest when something is undervalued based on fundamentals, and the trends in the markets.
His quote the other day was just to tell people that if they're invested in good companies that those companies should be able to weather bad times and recover.
He never said just leave your money in speculative positions. A lot of the unwinding going on is in speculative and overvalued stocks. Those are exactly the types of stocks that Buffet avoids until he sees corrections in their price that brings them down to valuations that make sense with production and conservative growth projections.
11:40 I'd listen to Mike Norman over Warren Buffett any day!
wrong comparison. Norman vs Schiff!
Great work Mike! My money is on you because we've been here before and you've only gotten better! You rock Mike!
Why? He has been wrong on just about everything…
Thanks, Mike!🤍✨
How much are u investing?
Yep. Anyone who still subscribes to monetarism is deluded and should not be working professionally in banking, finance or government policy.
You're so two minded mike.. talking out of both sides of your mouth… you say Biden is pushing for a balanced budget one day, then say how great all the spending is the next.. There is a story that combines both of these into a fuller picture but you continue to miss it…. The market is crashing because the Fed stopped QE and spending has reduced (yoy) more than any other time period EVER.. Sure, spending might be happening but it's the RATE of spending that affects the markets not the totals…
USA headed for recession with these relative cuts in spending as well as interest rate increases… gonna have to be some big adjustments.. and until the govt or fed steps in the hurt will continue..
UPDATE: Come back to me when you see I'm right and the stock market has shrank another 50% from today..
Anyone who doesn't take everything this MMT(MoronMikeTheory) quack says with an oversized grain of salt, needs to just donate their money to a better cause 👉🙄👈
Even goldbug whackjobs like Peter Schiff embarrassed Mike off MSM TV almost 2 decades ago 🤣
more pain to come
Doooooood Dow Jones = KAKA! Baja is a great place to hide way cooler than Marfa
You don’t have to be bearish on a bearish market. It’s already bearish! It doesn’t need you to be bearish. It’s going down regardless. The line is pointing down. Lots of shitwinds
No amount of lipstick is gonna make this market look good, to me.
You’ll lose everything listening to this guy
Stocks will rebound violently on Monday morning.