Friday , April 19 2024
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This is why I want to leave this business.

Summary:
Too much credibility and importance placed on people who are elitist, arrogant and ignorant. Note: my apologies to Cleveland Fed president Loretta Mester. I used the wrong pronoun. I said "he" when I should have said, "she." 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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Too much credibility and importance placed on people who are elitist, arrogant and ignorant.



Note: my apologies to Cleveland Fed president Loretta Mester. I used the wrong pronoun. I said "he" when I should have said, "she."



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.

25 comments

  1. 40% bankers went broke in 1929 crash…Maybe the "smartest guys" in the room are just pretending?

  2. Minethis1 Real Macro Investing

    WTF are you babbling about again? AMC is not part of savings rate. Dirp!
    Gov't taxing $1.7 trillion is spend instantly back into the economy. It doesn't fly to never never land never to be seen or heard of again.
    Your ignorance is beyond comprehension at this point.

  3. Thanks for the insights, Mike.

  4. I really appreciate the education you dish out Mike. Not a trader but I am learning through your discussion of daily events and reasonableness. Really clear how you tie these events together and how they can equate to movements in the market. Appreciate it.

  5. Couldn’t agree with you more about these people not understanding anything.

  6. I purchased 4 acres of country property around 2 yrs ago and have only 3 automatic monthly payments. Vehicle insurance, utilities and the monthly MMT Trader subscription. I will tell you this Mike! If you decide to take a haitis, I am totally grateful for all the insight and wisdom I have exponentially learned from you over the years and the property I now own outright due to your immeasurable generosity, hard work, experience, dedication and most of all Mental Game! You're second to none Mike! You are the GOAT! Don't let emotion or feelings get in your way! Shine Brotha! Shine! Nobody is as good as you! I know this for all the money I lost betting against you prior to joining MMT Trader. Peace

  7. When both Mike Norman and Peter Schiff agrees that the Fed Reserve don't understand the economy and are doing harm to Americans, then you know for sure that the Fed is doing a great job balancing a soft landing.

  8. I personally learned a lot from you sir.

  9. Thanks Mike! So many big wigs that still have no idea..

  10. there has to be a point where rates break the back ..what is it ?? lol

    • Mike Norman MMT Economics

      It could be zero. It could be 100. Totally arbitrary and not really a factor beyond what it implies for income distribution, price and fiscal contribution.

  11. FYI…He's a she….Mester was born in Baltimore, Maryland on October 24, 1958.[2] She is married to George Mailath, an economist at the University of Pennsylvania.[3]

    • Mike Norman MMT Economics

      Yes, I was aware of that after I made the video, and I noted my pronoun error (he/she) in the description. However, I really don't care. As you may have noticed, I have complete contempt for these people.

    • @Mike Norman MMT Economics oh I hear you… Im with u 🥰

  12. Like you said Mike in the trading pits most of the guys were short, rooting for the demise of whatever it was. Related to people's egos.

  13. My antivirus is blocking the Pitbull website due to four security issues.

  14. Thank you so much Mike. Learning real financial flows and market movers so much from you. Take care 🙂

  15. Amazing video. Another one to save in the library. thx

  16. Been a subscriber since your count was in the hundreds. Thanks Mike for your forceful MMT defense and attempts to educate over the years.

  17. Finance & Economics

    We can remain positive about our personal lives, while accepting the reality of the situation we're facing globally.

    I for one, think that lower prices create opportunities.

  18. hey did u see ecb le garde & fed j powell giving the pheening market gamblers the scare

  19. I know you’re not a conspiracy guy but it truly is orchestrated stupidity to play on technical levels and emotions. Blow off top to new ATHS coming Mike don’t leave us before that!🎉

  20. Mike, shouldn't it only be shocks that affect stock prices?

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