by Summary:
Received a lot of nice emails today. 
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Received a lot of nice emails today. 
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model
Mike Norman writes The Accursed Tariffs — NeilW
Mike Norman writes IRS has agreed to share migrants’ tax information with ICE
Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius
| Received a lot of nice emails today.  |
I've been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?
I will advice you should stop trading on your own if you keep losing.
If you can, then get a professional to trade for you I think that way your assets are more secure.
I'd recommend Fiona her profit is great even when there's a dip
I thought I was the only one who knew her well. I guess her reputation speaks for her now…
She has changed my life and the lives of my colleagues since she took over our company.
❤thank you Mike for sharing your view on gold position❤superb
We are also waiting on the EU response.
Thanks Mike. GLD down nice call. Gotta admit, confusing to non experts like us viewers. Flows strong=good Econ, with no recession? And markets follow Econ, so when debt ceiling bilge pump situation is resolved, leads to bullish market conditions? Or are you perma bear for 2025?
I believe he said interim rally. Too soon to tell how sustained it would be.
Recession incoming
@@reneeh8578 could be if US consumers start pulling back on spending due to higher prices from the tariffs. That would trigger job losses and market declines. Treasuries would be very bullish in that situation as there is a lot of cash 'on the sidelines' looking for somewhere safe to invest.
Every time you say you called the bond trade, I'm going to remind you that you called it 5 months too early (check the videos in early August and before)! Maybe if you'd read your comments at the time, you would have seen me questioning you on whether it was wise to wait, using information I got from your own teachings on this channel.
This
Well I bought some Tsy ETFs on election day and they did go down a bit since then, but are now higher than when I bought them. In contrast, equities have lost value (around 10%) since election day, thanks to Liberation Day sell off! so Mike was mostly correct with his call
@@alextok_84 OVER 5 MONTHS TOO EARLY (before early August – go back and check)! A clock is right twice a day.
I love what Mike does, and this channel, but the channel would be far bigger and stronger if he engaged with his community, as the questions we ask would give him a different perspective on his trading and also give him new discussion points in his videos, to fill out everyone's understanding of MMT. It would have also helped him to hold off on this trade until a more optimal entry.
I am having trouble with the idea of a buildup in system reserves.
What I am seeing is that the Federal Reserve has plenty of government bonds to sell to banks if they need them. Monetary policy requires the Federal Reserve to satisfy the needs of the market in this regard.
What might I be misunderstanding?
As I understand it, when the Treasury issues new bonds to cover deficit spending, the primary dealers always buy because they can make an arbitrage selling the bonds on the secondary market, compared with keeping their reserves and making the lower rate on interest that the Fed pays them. What Mike is saying is that the Treasury is operating under 'extraordinary operations' or something like that, which means they are trying to shift assets around the balance sheet to free up room for spending, but they can't issue much more debt for the dealers to buy. If that is true, then it should mean the Fed will have to do more open market operations in order to hit its overnight rate target. I don't know exactly what the implications are for the broader financial markets thought – Mike has been saying that it is negative for markets, but I'm not sure how it's impacting equities etc.
@alextok_84
Right. And thanks for the answer.
So, the Treasury shifts assets around internally, but that can only do so much. Eventually, they will be forced to stop some government spending unless maybe they "Mint the Coin" or something just as dramatic.
What I think the concern Mike is talking about is that the Treasury is not adding bonds to the marketplace. This could mean that there is a shortage of bonds developing, making it difficult for the banks to meet the required ratios.
My objection to this rationale is that monetary policy forces the Federal Reserve to make available all the government bonds the market, including banks, need. They don't get the brand new government bonds coming from primary dealers, but there is no reason that makes a difference in the marketplace. They still get them. The Federal Reserve still has a few trillion in government bonds on its own books that it can still sell for monetary policy purposes. There is nothing to worry about until those are used up.
I know I don't have the full picture. I see that the Federal Reserve has been reducing its holding off government bonds very steadily, and I do not understand fully how this fits into its monetary policy operations.
The Federal Reserve thinks it is doing tightening by taking reserves out of the system. Mike is saying that reserves are building up in the system and may be causing the banks some stress. I know the Federal Reserve is wrong in its thinking. But I also don't think there is any stress building up because of too many reserves. Maybe no one cares about the capital ratio because of QE or something. I just do not think there is any current concern, and I don't think Mike has made a good case for it.
you trust the jobs report as they manipulate wall st. with tariffs, why trust the report. what makes people think elon cannot control things remotely after going through the gov. i don`t trust any gov. figures anymore, good luck
Americans giving paper to other nations in return for assets does sound good. But also… what are people here supposed to do for jobs? We can't all be managers of outsourced jobs, can we?
We're at an unemployment rate of 4.2%, I don't think too few jobs are an issue
They will get back to the factories instead of being influencers and tiktokers. At a competitive salary of course because otherwise it doesn't make sense. Looking forward to buying US brand clothes made actually in USA and not in Bangladesh.
@@gritheo I'm sure Americans are clamoring to take textile jobs from the Bangladeshis, and to buy $250 t-shirts
@@Cos_Why_Not Millions of people unemployed and you don't think too few jobs are an issue. Did you leave your moral compass at home?
@@gritheo Sounds about right, but just remember the quality of those clothes won't be much better, and the price will be a lot more. So that does lead to an overall lower standard of living for a lot of people. Some people will be better off, if they can get out of the gig economy and get jobs in manufacturing etc.
Gold is up over 15% this year, TLT is up about 9%. Both have been decent hedges with gold absolutely crushing everything. 🚀🚀🚀
I shorted gold after one of your last vids and made $100. Bought a cheeseburger as a celebration.
Congrats, i got stopped out at 373 euro loss
CD rates are 4.4%
The market is on sale. Lower prices are good.
Have to agree with this! I'd been selling for months but don't have spare cash at the moment to buy, but would if I could
Looking to buy the dip when spy loses 30%