Wednesday , June 26 2024
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Could the debt ceiling be the biggest bullish thing of all time?

Summary:
Here’s a point of you nobody is considering, and it is fascinating.

Topics:
Mike Norman considers the following as important:

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Here’s a point of you nobody is considering, and it is fascinating.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

22 comments

  1. damn. Uneven pavement. You can get compensation for that. Sue the city council before somebody else gets hurt.

  2. Mike my mom had the same thing go in and get your potassium checked and have them give it potassium powder It's worth a Try please
    We had to bring her in she had a brain bleed please go and get a brain checked

  3. Great analysis as always. Feel better – NY tough💪

  4. And don't break your beautiful teeth

  5. mikey, jeepers watch your freaking step !! i was hoping for a story where you kicked the piss out of 4 muggers !!!

  6. Mike please take care of yourself, I had similar, I changed my routine, still achieved the same outcome. Please Mate….

  7. Finance & Economics

    You should consider getting a treadmill or exercise bike. Or exercise with a heavy bag, great cardio and stress relief. I know you like running, but there are other ways. Or just walk, instead of run.

  8. Hope you're taking collagen peptides, nutritional yeast for b complex, d3 with k2, NAC, glycine, Cod Liver Oil, Tumeric, CoQ10, and others…. watch Dr Berg.

  9. The Normanator goes three rounds with the pavement. Pavement won on a TKO. But hey: those who exercise never complain about injury, we know the risks. Nonetheless, best wishes for a speedy recovery.

  10. Biggest spending cut would be to elbow-drop on the FED Board (go all Umbrella Academy Sir Five boardroom on them) and axe massacre them into instruct them ZIRP. Not that any DC sock cuckers care to know. justsayin'.

  11. @10:20 interesting possibility. There's also the other gimmick of issuing bonds with super high interest rate and bond buyers pay well above the coupon rate; Treasury does not book the interest as debt. But regardless, it pisses me off that the anti-Mint the Coin crowd call the Pt Mint a "gimmick" when the original gimmick of all gimmicks was the 1917 Debt Ceiling invocation (anti-Constitutional). As Tankus wrote recently, Yellen might be the worst Tsy Sec of all time, or near to (I know circumstances can make a meal of a political appointee, but still…).

    • Eugenio Triana

      She's a perfect example that allegiance to the groupthink is winning over allegiance to the interests of the nation

  12. @16:00 it is fascinating. But also the proper narrative needs to get out that the FED rate hikes are crippling – in relative terms (relative to what could have been). The alternative support during supply shock could have been increasing fiscal at the base of the economy and going to ZIRP (that's the monetary policy space for increasing government fiscal investment). Money markets then move from bonds to stocks and other equities, it is simply far superior to the current blunt hatchet mess of a job Congress + FED are foisting upon you guys in the USA. Rate hikes move money away from stocks into bonds. Not a great real supply support policy, to put it politely. (Tho' same here in NZ as well, neoliberalism is a virulent disease.)

  13. Mike, you are a gladiator.

    • So funny, I watched a video of Mike posted six years ago on "Capital Account" I think with that hottie Lyster- and I thought that Mike looked like a gladiator- he's a beast now- can you imagine when he was in his 20's?

  14. ❤👁

  15. Rather than a treadmill I'd recommend figuring out something that works outside when it's not dark because getting (near) infrared light is super powerful for melatonin production in the skin. Also penetrates clothing. Hope there's a park or body of water nearby with decent quality air/etc.. For other sunlight benefits I just take vitamin D3 (+K2) as getting the needed light frequency for that is more tricky. I'd echo the neurologist recommendation just to get an idea but there's a lot of good stuff (and some pretty bad stuff) to be had from food that you probably won't hear about there. Thinking Mark Hyman, Steven Gundry and the like for some ideas.

    Wish you the best!

  16. Wish you a speedy recovery

  17. I know about these falls I had terrible accident 20 years ago where at deck handrail I was at collapsed and fell 15 feet. Broken acetabulum on hip wall and epidural hemota. Almost killed me. My otro doc said in future you will get osteoarthritis and you cartilage will wear away it did. I started having Falls like your. Some more serious than ours now. In one of your falls I said you needed glasses. I can't give you a remedy. If you though felt that bad you probably had a concession. Doubt thats a problem in your fall.

  18. Giuseppe Galeone

    Get well soon Mike 💪

  19. I'm really glad you're feeling better. Please consider a treadmill, why run around in the dark? Best wishes Mike.

  20. When another fight club member is concrete, you need to join another club. However, it does give you that NY tough guy look, Mike. Like the market, concrete can beat you up from time to time.

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