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Looks like we will soon hit and surpass Dow 36,000. Crypto making new highs as more people jump on the bandwagon. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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Looks like we will soon hit and surpass Dow 36,000. Crypto making new highs as more people jump on the bandwagon. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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New Economics Foundation writes Moving forward
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| Looks like we will soon hit and surpass Dow 36,000. Crypto making new highs as more people jump on the bandwagon. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ |
the surplus forced the private sector to go into debt…
Yes
And vice versa. Huge volume of bank credit in that era was taxed as it was spent. Most likely Clinton's surplus was inevitable, as it's calculated after the fiscal year. But the fact that it was celebrated the way it was just appalls me. Then look at the recession that followed, with high levels of debt that needed servicing. Clowns indeed!
I'm thinking if bank credit go's up the Dollar will go down.
This crypto will make you RICH!! Ethereum SANA (Storage Area Network Anywhere) https://www.youtube.com/watch?v=KAdssdI7mv4
Mike – who's better for the economy? Brainard or Powell? Thanks !
Powell seems to be going with it, saying it is inevitable, Bitcoin. Maybe he is f-d up but this is what the US Central Bank is saying.
Brainard might be more on the dovish side. My only problem with Powell is that he tends to be swayed by market swings and external views and opinions.
what about the fiscal flow?! Sorry but we are going to a new ATH!
We should cut govt spending, along with taxes so we don't end up with excessive surpluses…Why you think the govt knows how to allocate through net transfers efficiently is beyond me…you even call the people in Washington stupid…so why on earth do you trust them with tax payer money…they waste it on B's like Afghanistan, Iraq, subsidies, these and cause higher taxes for the rest of us. The threat of higher taxes doesn't make me want to spend more and I'm well off. I'm sick of having money stolen by the govt and used on Bs.
It's not a currency. Every time you spend bitcoin it results in either a capital gain or loss.
That is true I wonder if Ray Dalio will end up being correct, if Bitcoin becomes to big or too poplular, they (the powers that be) have ways of killing it.
I'm starting to wonder if someone is paying Mike to promote a pure junk like Crypto.
well, doesn't really matter if stocks or crypto, it's basically all pyramid schemes.
Shouldn't you be squarely against crypto, given MMT
This is an interesting debate between "the hardest money" ever created and spending money until ones socks fall off. The 1970's off the gold standard definitely benefited the 1%, all the money (productivity) since then was drawn towards their wallets.
If you look at a chart of wages versus productivity growth since the 1970's, flat wage growth and booming productivity growth. The corporations with little union push back, made out like bandits.
My MMT view regarding crypto is that it's finite, like gold or some other fixed quantity money regime, and therefore flawed. It will create problems as a money system. But don't expect people in general to understand that. Now they are just looking to diversify away from the dollar, which has been "weaponized" by the US gov't.
"Only two things are infinite, the universe and human stupidity, and I'm not sure about the former." -Albert Einstein.
seeing as crypto is based on the greater fool's theory, it is a safe bet 😉
Crypto surges???Bitcoin is a the same place it was back in April. Mike…its the end of October. Is Bitcoin "Crypto". Yikes Almighty Mike….yeeesh
Dow 1,000,000 loaf of bread 200,000 No gain no brain
Inflation transfers wealth from the working class and retiree fixed income people to the Bezos bunch
How do you take advantage of the gross disconnects between loss of real goods on the shelves missing in action due to paying one trillion for people to buy up existing inventory at sametime guggament shut down the economy destroyed small businesses, and paid people to sit on thier ass and buy up goods, but not go to work to replace used up stuff. now disconnect no goods from china, this will take years to clear. Sorry for my amateur bad news for the recovery.