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Is the debt ceiling the economic neutron bomb?

Summary:
This time, despite all previous episodes of brinkmanship, will Congress allow it to destroy the economy out of pure ignorance and pathological ideology? Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes

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This time, despite all previous episodes of brinkmanship, will Congress allow it to destroy the economy out of pure ignorance and pathological ideology?



Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader.

https://www.mmteconomics.com/



Mike Norman Twitter

https://twitter.com/mikenorman



Mike Norman Economics: https://mikenormaneconomics.blogspot.com/



Understanding the Daily Treasury Statement video course.

https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes
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.

41 comments

  1. looks like everything is gettin bailed out no matter what crash alert false alarm….

  2. Lewis Borsellino

  3. The big picture is we are gonna eat bugs and have nothing. Nothing to write home about here.

  4. How's it going Mike. I have read the Victor Frankl book. I got a lot out of it.

  5. So happy that the Podcasts are back. Much appreciated.

  6. Overly_Literal_Guy

    Another book about the Holocaust? Oy veyyy!

  7. Like it..tough guy….where are they these days!! Lol

  8. how do you spell his full name Luis?, sounds interesting

  9. Looking forward to the podcast fore sure!

  10. Home Youtube Channel

    Love you. Love listening to every word “perspective” ❤

  11. Finance & Economics

    I wanna hear what that Lewis Borsellino thinks about the market these days.

    I had an audio tape from him about trading strategies, years ago.

  12. Man's Search for Meaning is free if you have an audible account.

  13. You're looking great Mike!

  14. American Exploring

    14 billion years old universe is based on a lot of assumptions, just to be clear. I personally don't believe that. If humans search for meaning in life, then we cannot be an accident in a meaningless universe. For my atheists' friends, research the cell and DNA. Good luck.

  15. Sure is a crazy system. First Republic Bank had to crawl to its main competitors to temporarily solve its liquidity crisis. A consortium of 11 of the largest banks in the U.S. agreed to deposit $30 Billion in First Republic , FOR THE PEOIOD OF 120 DAYS to give the mega bank more time to work out its problems. Whether the workout ends up being an orderly shrinkage of the bank's size by selling off assets (loans and securities), negotiating its sale to a multi-trillion competitor, such as J P Morgan Chase or Citi, raising long term funding through the credit markets or whatever, time will tell. But this is a kick the can down the road strategy. It buys First Republic time, and is intended by the mega banks to calm panic in the streets, to rebuild depositor confidence across the nation and the world.

    It smells very much like a Plunge Protection team orchestrated plan as the major money center banks are designated surrogates for the PPT as per the law that created the PPT back in 1988. So, the good soldiers followed their orders. How this plays out will be interesting.

  16. I would like to see someone to put the Fed and the Neoliberals on the spot. If, as they claim, inflation is caused by the Gummit pritin too much money then how does increasing interest rates, and causing a recession take that excess money out of the economy? That money is still there. Only increased tax collection can take money out of the economy.

  17. I read that book. It makes me feel so bad for the next generation. We are seeing many of those fascist social constructs developing right here in America. You read that book and you wont GAF about a balance sheet on a computer screen. When I start feeling awful about myself because of a bad trade, I think back to what those poor people went through. Totally dehumanized ….

  18. Well I got kicked off Twitter so I’m here

  19. Trying to keep my eye on the big picture. Feel like I’m bipolar or something 😂

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