by Summary:
A day when the monetarist zombies should have been selling like crazy, they were running for cover.
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Mike Norman considers the following as important:
This could be interesting, too:
A day when the monetarist zombies should have been selling like crazy, they were running for cover.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Robert Vienneau writes Alienation And Commodity Fetishism
Robert Skidelsky writes Letter: The reason Keynes argued for an active fiscal policy
Robert Skidelsky writes Interview with Martin Burckhardt
Stavros Mavroudeas writes Το ψηφοδέλτιο της ΑΝΤΑΡΣΥΑ-Ανατρεπτική Συνεργασία στις ευρωεκλογές
| A day when the monetarist zombies should have been selling like crazy, they were running for cover. |
I arrived today on this channel , let see how is going to end.
Cheers
Stay on it you well make money, I have.
Welcome. Be ready to unlearn a lot of things we were taught in school. The very first thing to unlearn is that America is 30 trillion in debt. That is total money created. What Mike shows is the stock market is dependent on how much money is being created and spent. I recall growing up in the south as a republican and always wanted the gov to balance the budget and spend thriftly. For the federal gov It's actually the opposite if we want the economy and stock market going up. We want them creating lots of money and spending responsibly. Mike will explain it better, but this is a brief summary how I understand it now.
Glad I went back long the market last week
zombies were following the debt decision. also typical friday optimism eh
rowen grey is one of them talked about the trill coin so has steve grumbine.
Rohan. Also, why "one trillion". They could just go to permanent unlimited overdraft at the FED, or The Infinity Pt Coin. What really should limit payments Gov can make are sustainable real resource constraints, nothing else.
Thank you for the insights, Mike. Also, you sure did recover quickly. Looking good and sounding good too. Keep up the good work!
dear mike, its good to see you getting better. was it new york where the injury occurred?
anyway, with the current rates and less demand on short term t-bills and notes, treasury would not have time to fund itself in time to start spending on the immediate dues such as gov work payments and the other usual gov programs. that will cause some issues on the bond markets and so eventually, fed would have to drop rates and treasury would have to start sending out payments asap, dont you think? powell alone seemed to be freaked out on interest payments if debt ceiling is not raised, and now its resolved, why would treasury issue short-term securities first before ungent spendings now?
Thanks Mike
If the USA spends, go long!
The thunder in the background is ironic.
Thank you mike norman
Love and look forward to hearing your thoughts, you are one of a kind, thank you Mike.
i never fretted the debt ceiling. just kept buying 5 shares at a time as my losers kept falling & sold calls on the 1s that went up. speakin of thunder, mike you;re the best weather man ever.
❤👁
Great work Mike! Looking forward to Monday morning's MMT Report for sure!
I like you and have listen to you for a coupel of year. Now I miss you when you dont make an youtube. You have more right than wrong that is good for mee and i have learn a loot of you how the system is working. Thank Mike
And You've said, interest rates add to inflation and create a lower dollar, i.e. Turkey. Right?
I love Manhattan, Mike, and right after you said it the thunder and the ambulance both went by lol
Why u look like u touched a live wire
did not found the instagram page
Try searching @mmttrade
@Mike Norman MMT Economics there are several @mmttrade accounts. What the logo look like?
@9:30 oh, so the mainstream say it's a "gimmicky thing" do they? What about self-imposing a positive number in the Tsy account at the FED in order to "allow" the software to make payments? Left-pocket pays into the Right-pocket so the Ayn Rand lunatics can cry hysterically about "national debt" and "burdening our grandchildren". Pretty high level of gimmick there.
Lucky 99 Like.