by Summary:
The deficit is shrinking rapidly and Biden is bragging about this. However, it is resulting in much slower economic growth. That's not good.
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The deficit is shrinking rapidly and Biden is bragging about this. However, it is resulting in much slower economic growth. That's not good.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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| The deficit is shrinking rapidly and Biden is bragging about this. However, it is resulting in much slower economic growth. That's not good. |
mike has all the right calls they printin da muney//////////
OWN NOTHING AND BE HAPPy!
It is a good thing though, the spending and "growth" is not always needed. Especially since the historically humongous spending since 2020, I hope they realize now it's time to slow inflation, and maybe get a corrective recession, of deflation. Purchasing power inside the country is always better for the people in general than an inflating economy, but I guess it's not in any agendas ever. So we will someday, suffer a huge recession or default on debts (wall streets). Growth is not infinite, especially on a finite world.
Wouldnt that mean people would start hoarding stocks of companies that produce real assets whether or not the company is profitable?
DOW Sanyo w know the name of the video Mike made talking about Zoltan?
Putin's speech was one of most authoritarian in recent history.
https://youtu.be/8AgAN4HXIlE
The fed bought up this market and caused a short squeeze. did u see the jump in its ballance sheet? They are trying to inflate prices out of our reach so that demand fell down causing deflation. Inside out criminal system it is!!!
Good call Mike
Excellent work Mike!
I'm not being a wise guy Mike… BUT you could clearly be wrong… for several reason. 1. FOMO is exactly what caused extraordinary P/E ratios. 2. Your "numbers" need to be corrected for inflation to "keep the economy a float" compared to the Trump Era. 3. Every single time the yield curve has inverted as it is about to within 12-18 we have a recession. Could be a good idea to consider these factors… the bond rally to come will be a trade of a life time everybody seems to be getting this wrong. I'm not as smart as crunching some of those numbers as you admittedly so, but I "think" its going to be different this time. But we shall see! Cheers!
Mike I understand the concept of fiscal deficits being good for the economy but at what point does that pose a risk, to the dollar or otherwise? If M2 growth, deficits, etc are continuously outpacing GDP does that pose any risk to the system?
Interesting take on Putin
What Putin said said about hard assets has been obvious to us since Mexico nationalized our mines and oil years ago. It's the main reason he wants the Ukraine under his control. I saw on the news where he is moving the Ukrainians to Russia, this guy needs slave labor to keep his economy going just like Stalin.