Friday , May 3 2024
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$10 bln drain yesterday with more to come.

Summary:
Fiscal transfers are peaking for this cycle. Fading support for the market.

Topics:
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Fiscal transfers are peaking for this cycle. Fading support for the market.
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.

26 comments

  1. mikey pipes !!!!

  2. stupid, yappy dogs lol you’re funny luv ya Mike

  3. Thanks, Mike

  4. BRO!!! (WTF Is MMT)

    i hear you on yappy dogs lol

  5. ❤👁

  6. Same process no matter the magnitude? The laws of physics may not apply to finance, but the size economically, mentally, and even physically sound untenable in a real world setting.

  7. The US doesn’t have to pay interest on debt to anyone because it’s a sovereign nation. It should default instead. Destroy its credibility and shrink the pool of debt buyers until sovereignty is worthless 🫠

  8. How do we bet against those that are hung up on deficits if you and them have the same bearish call now?

  9. Betting on Mainstream media narratives, results in Chihuahua economics.

  10. My 11 year old son pulled a stunner out of the blue, referring to my neighbours annoying little dog: "… I wish that living pinyata would shut up…" 😂😂😂

  11. Cryptonite Clark

    It's typical to have a surplus of between $6b and $14b on the second Monday of the every month, due to Withheld Individual employment taxes. Until a couple of days after the interest payment on the 15th, surely, from a fiscal perspective, the top shouldn't be called?

  12. Could you explain why most stock market crashes happen in September and October?

  13. 🎶 A little bit of strychnine makes the medicine go down, the medicine go down… 🎶

  14. They're like Dodo birds who should go extinct, but somehow persist.

  15. Only Monetarists like yappy dogs. True story!

  16. Your comment about those dogs almost shut up them up.

  17. Lol and my mom wants to shoot the rabbits for eating her lawn?!!!! Lol

  18. looking at the DTS everyday bc of you Mike. It's a lonely MMT world. Nobody believes rates increase inflation.

  19. Downgrade is for the mainstream economic zombies. Mike, YOU SAID IT. THEY NEED SOMETHING TO EXPLAIN MARKET DIRECTION. They will never say fiscal flows on mainstream media. You taught this to us. Thanks

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