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Economic numbers still good, as today's job report shows, but benefits' cuts in June could derail the economy and financial markets. 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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Economic numbers still good, as today's job report shows, but benefits' cuts in June could derail the economy and financial markets. 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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| Economic numbers still good, as today's job report shows, but benefits' cuts in June could derail the economy and financial markets. 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/ |
Pull It!
This plus the inflation may be big, but that's life. Gotta rip off the bandage and see
Dang, Mike. Last month you said we'd see something like 1 Million jobs and today the number is 978k. Superb accuracy. Bravo.
Your hero >>>>>>>>>
@Pete D Here, try expanding your brain about the possibilities of things beyond your simple-headed explanations of things https://youtu.be/XwV4wNzwawQ
@Pete D Meanwhile I keep asking you for predictions and all you do is embarrass yourself.
Good news is good news
big news move on Biden attempting to reach a deal with the GOP party on infrastructure, big surge up when news broke that Biden will not implement high corporate tax rate but instead offered a minimum 15% corp tax no matter what the company claims it is doing with it's profits, Amazon does not like this. Corps should pay for the infrastructure unlike Cargile and GE etc never paid for the canals of 1940's that moved their grain barges down the Rivers to the sea. They need to pay for this infrastructure.
next catalyst the passage of the infrastructure bill, when this happens another surge up in the indices, based on what happened in market action today.
Agree Dems will push thru the infrastructure bill before the end of the year and start of mid term elections before the dems lose control of congress, just like trump did.
120 billion per month fed hands over cash to the bank partners, cash is fungible they lever this up each month and hand it out to the hedge fund speculators, bubble blowing machine IE AMC, GME the retail crowd piling in, a rug pull will occur and it wont be pretty.
So you are saying that all these people who get government checks just put them in the stock market while refusing to go to work and this should go on forever? Do you even understand what you are saying?
he says it very clearly here – less buying power for people = less consumption and less company profits
@geromino2007 what about the profits of small businesses who can't fill their job openings?
Kevin Wayne this is not how capitalism works, buddy.
I would love the dip honestly
There is no risk for tbe economy. Broke people dont spend much. When people find work , they will spend more money. Its all about jobs, not supporting unemployment. If the government supports unemployment that's exactly what you're going to get –more unemployment.
It's x2, your expensive goes up also for gas, lunch, car, clothes, dry cleaning & wear & tear. I go though one tank of gas now working from home every 6 weeks vs once a week. Dry cleaning next to zero now and new cloths slacks and shirts 0 in last year. I figure $800 month I save working from home. Now these folks on the cheese get a pay cut plus exp skyrocket = hosed.
100% of portfolio = (1-3% of long options calls on SPY with Delta 0,1-0,2 expiration 3 month) + (97% money) ….. This is the best position according to Mike
yer good point government fiscal has been growing YOY for ever and this will be a first cutback in government fiscal, but yer that infastructure bill though could pull the economy out of the poo
who would vote for them after this? This is self sabotage of the party
Are you hinting at the need for UBI? I say look at Florida’s economy. BTW F’ck Biden flags are flying there now ?
You cannot blame Will Fin for having ultra Liberal ideas. It is not his fault . He was brainwashed while he was getting his college degree.
Don't agree. People staying home for $300 have crappy jobs anyway. Will not be a significant difference in our GDP whether they work or not. Higher income people coming back to work and new businesses being started up is what will be important and valuable.
Any and all government barriers to people going back to work, applying for jobs, etc. should be REMOVED. This is common sense. The more people are working the better the health of the overall economy and country. No brainer. Remove the barriers and put out the stimulus $ for infrastructure and all will go well.
Awesome video! Heres a question for you.
Many hard money people are harping on how the dollar is falling against other currencies as an example of “inflation.” They are saying that is an example of real inflation in action. Whats your take on that? Thanks for all the videos.