by Summary:
Last Thursday, I said we were just waiting on Congress to pass a continuing resolution to fund the government and the market would shoot higher.
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Mike Norman considers the following as important:
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Last Thursday, I said we were just waiting on Congress to pass a continuing resolution to fund the government and the market would shoot higher.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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| Last Thursday, I said we were just waiting on Congress to pass a continuing resolution to fund the government and the market would shoot higher. |
You were right
Yep he was right
For today 😂
They passed the CR on Thursday night, but the market crashed again Friday morning. It rebounded today primarily on Fauci saying omnicron looks non-dangerous. The real reason it crashed in the first place was Powell saying he will raise rates on top of the virus news. CR matters but I have to disagree that it was the primary factor in all this madness the past 2 weeks.
I was happy Laguardia Airport had a makeover. Born and raised in New York.
Me, too. I use that airport a lot. It really needed it.
Mr. Norman for President
If the Fed raises rates a couple of times, it'll crash the market, a repeat of Q4 2018.
If rates go up, the fiscal flows go up. Inflation goes up.
Rate of change the derivitive of interest rate change causes bigger effect. IE change interest rates up .25 basis points on 1.5% interest rate is a much larger rate of change than compared to .25 basis point of 5.0% interest rate. Maybe the rate of change of interest rates has markets worried?
Hey Mike, for selfish reasons, I hope your message never reaches the masses because I am making a killing from your videos…thank you so much for what you do and Merry Christmas…
I know, right? But don't worry. Most will stick to their ideology rather than learn. Merry Christmas!
Mike – The fact that you have to keep repeating means you have the patience of a saint, sir. Why do the zombies not get this? It's beyond me. I'm no economist (I'm a Electrical Engineer by education but write software now) and even got it first time after you explained it and I went away and read around it a little. I recently had some guys saying I was crazy for saying what the likes of you, Kelton and Mosler have taught me from videos like this but the evidence shows that you and the MMT guys are correct…period! I actually can't be bothered with these people now as they really can't see the emperor is naked. Great work as always, Mike.
Yeah. It's incredible, but that's how people learn, through repetition. Thanks for the comment.
You are the boss man Mike ,🖕 the haters….
HOORAH! Great work as always Mike!!! Join our team!!! MMT Rocks!
Thank you for all you do Mike!!! You rock!!!