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Beware the fake freakout over reserve drain

Summary:
Media is pounding home the notions of a market and economic crash dut to renewed Treasury sales. It’s wrong!

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Media is pounding home the notions of a market and economic crash dut to renewed Treasury sales. It’s wrong!
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.

8 comments

  1. Home Youtube Channel

    Love the videos. Appreciate your take!

  2. great vid mike – all the best leaving manhattan for the keeees!!!!!

  3. There are now many reports that the Nova Kakhovka dam in southern Ukraine has been destroyed, which — if true — is expected to cause major flooding and cascading crises, including potentially cutting off the cooling water for Europe´s largest nuclear power plant.

  4. Economy Forecast Laboratory

    you will be so thankful for yourself having a career as a trader and investor than having a retail business selling stuffs. just dealing with inventories, you won't believe how miserable it becomes once it keeps piling lol

  5. Conor MCgregor.

    Feebay.

  6. The market did just fine after December 2021?! That was the peak!We haven’t revisited those levels on SP 500, Dow Jones etc since 🤔 It’s been almost 2 years!

  7. Totally! We started an EBay business 2 years ago- we got killed on shipping and made nothing the first year!

  8. "Journalists are not economists. And most economists are bad economists" 😆

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