by Summary:
Biggest business inventory increase in history in Q4 just as fiscal is pulling the rug out from under the economy. And OPEC+ is about to raise output. Recipe for broadly falling prices. (Oh yeah, and Fed raising rates.)
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Biggest business inventory increase in history in Q4 just as fiscal is pulling the rug out from under the economy. And OPEC+ is about to raise output. Recipe for broadly falling prices. (Oh yeah, and Fed raising rates.)
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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| Biggest business inventory increase in history in Q4 just as fiscal is pulling the rug out from under the economy. And OPEC+ is about to raise output. Recipe for broadly falling prices. (Oh yeah, and Fed raising rates.) |
The duopoly wants it to be in this Mike duopoly wants a bad economy it keeps the rotating villain narrative going. It keeps the status quo in place
Sometimes saying "I'm at a loss for words" is saying a lot!
Are you still long TSLA? The drop after record earnings is puzzling.
Been ready!
mike has all the right calls im great for inflation or deflation
It's the kind of House of Cards that can be toppled by the slightest of distrubances.
By the same token it can also be supported with the proper fiscal, but unfortunately the politics will not let that happen right now.
@Mike Norman MMT Economics I think Powell knows what he's doing but I suspect Democrats do not or they would be screaming bloody murder about now. Powell was the biggest dove….until he got reconfirmed by Biden, now he's a trojan horse for Republicans. Just mho
Phew, now I gotta learn a new thing …. But I love stocks, Mike
So, we should see long term treasury yields roll over?
Yes.
All the fed had to do was very little. Instead they just gas it 💯 like the world is ending and then hit the break. Why in the world can they just have normal sustained growth without bubbles…
how do we sell when it’s been down every day for weeks
Same boat, long on a handful. He said sell the rallies. I guess you just have to wait for rallies to happen … if they happen. At the same time, my biotechs will be in the cave for a long time I guess
@zaiks0105 There will be rallies. Otherwise, if you are long-term investor, dollar cost average.
@Mike Norman MMT Economics Thank you! Will do
i’m screwed
Damn! My basement is almost full of toilet paper and peanut butter. I better start unloading them in a garage sale before the supermarket is flooded with oversupply. I'm gonna take a beating and my wife is gonna kill me. She told me to stick with penny stocks. lol
Cathie Wood has also been talking about inventory easing mike.
Funny. I was just emailing a friend today saying ARKK could see a major turnaround. It could be an excellent contrarian play. She will end up being right IMO.
Mike so are you selling gold?
I am out. Yes. Maybe back in when the Fed raises rates. We'll see. Definitely back in when automatic stabilizers kick in.
@Mike Norman MMT Economics I'm not a trader but I'll sell a bit into a bouce, either way there will be a place to put dry powder in the coming months. Thanks
Mike, I know you do not answer comments often…but can you just give me a yes or no? Have you or do you ever listen to Jeff Snider?
No. Don't know who he is.
@Mike Norman MMT Economics try even the video titled, "Inflation @7%" just to gauge his position.
Could banks become illiquid because of this?
No. They have plenty of capital, but they may have to take charges against loans. However, on that note I am really reaching at this point. We have to see how the economy evolves.
We need someone like you for president….
I guess home prices will come down. Thanks mike