by Summary:
Not surprisingly most have a wrong understanding of this.
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Mike Norman considers the following as important:
This could be interesting, too:
Not surprisingly most have a wrong understanding of this.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
NewDealdemocrat writes March JOLTS report: declines in everything, fortunately including layoffs
NewDealdemocrat writes Manufacturing treads water in April, while real construction spending turned down in March (UPDATE: and heavy truck sales weren’t so great either)
Eric Kramer writes Eric Segall tells us what he really thinks about the Roberts court
Angry Bear writes Supreme Court watchers mollified themselves (and others) with vague promises
| Not surprisingly most have a wrong understanding of this. |
Mike you agree we are gonna get a 10% pull back here right? I mean all the Johnny come lately folks are here…
learned something today regarding the trade deficit and demand for dollars. Thank you, Mike!
good stuff
Mike the de-dollarization means high inflation in US
Glad you are okay with the weather and not too close to the water.
Always Excellent
Thanks Mike
great info
There is pessimism about the economy, but with the markets hitting highs there's a lot of euphoria especially related to the magnificent seven, or five stocks.
Nobody wants to use the Chinese currency, including the Chinese.
Chinese currency? It is worthless. China is dictatorship Mike. No hope there.
Just spend those dollars. What's the problem? Buy some F-35s.
16:44 I totally get what you're saying about countries exchanging their dollars for goods, services and assets. Playing devil's advocate, though – isn't it a risk to the US if they use the dollars to buy up US assets, like companies, real estate, land/territory, infrastructure etc? Countries used to go to war to gain these things. Now they can simply sell low quality products in very large quantities, like the China has, and eventually exchange them for tangible national assets. Doesn't it skew our understanding of total US assets, and which countries balance sheet they are really on?
Yes, I would say it has the potential to lower our standard of living. Exports are a cost.
There's no hope for the likes of Pepe Escobar.
👁❤
Mike, I've learned a LOT from you over the years- I just signed up for MMT Trader- please forgive me for taking so long!
Better late than never! 😄
Another great video, but you have to get rid of the echo
The permabear you quoted seem like Wifey on twitter. Absolute bellend.
But it never rains in Southern California https://youtu.be/meDpNwem0Vo?si=Kj0jgY8_Oez1YeF2
Great take Mike. Appreciate you