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Remember when many stocks were "low hanging fruit" in 2019, screaming to be bought? Dollar downtrend may just be starting to accelerate. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman
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Remember when many stocks were "low hanging fruit" in 2019, screaming to be bought? Dollar downtrend may just be starting to accelerate. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman
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Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00
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Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.
| Remember when many stocks were "low hanging fruit" in 2019, screaming to be bought? Dollar downtrend may just be starting to accelerate. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman |
Hi Mike, I hope you are well. I've heard you mention on a few occurrences that 2008 wasn't a bubble. Can you please elaborate on that in a video or podcast soon please? I believe you think it was fraud, but I'm not sure exactly. I know you laughed at Peter Schiff on TV calling 2008 a bubble, but maybe Schiff was wrong after all. I'm just a bit confused on that situation thanks.
There is a "internal war" within our government. January 6, 2021 Washington, DC. BE THERE, because it will be highly censored. Biden, and the whole crew, are going away. Trump expanded Guantanamo Bay Prison to receive them. Do a search. Trump declared a National Emergency in 2018 which expanded the Guantanamo Bay Prison to receive these traitors.
Yep..Hard to imagine a smooth transition happening in January and that will affect the Markets….how exactly ? 🙂
@Romain Trilling Well the suspense is intense. This has never happened in history. January 6, 2021. That is from the mouth of Trump. "Be in Washington, DC." The American Patriots are not leaving till Trump's Inauguration. That is what I am guessing from my viewpoint.
@Romain Trilling You are wondering how this will affect the markets? I feel Trump has the backing of The World, so the question is, "Can the Globalists tank the U.S. Economy?" or do we go super nova with record highs? I am preparing for another "dip" like back in March.
@Jeff Johnson You have an utterly incorrect assessment of "The World". I speak as one of its occupants… apparently unlike you…
nice hair
look at this rebel with his long messy hair hahaha.. jk… u rock Mike ?
Hi Guys ?? ??
I wish the slow would hit my SBE WISH PLTR XPENG BFT LCA will go up lol
My cell bill is 200 but 600 is an insult. He loves gaslighting america as most sociopaths do
No haircut until we see a 10% correction in the market.
What if I closed my bank account? How do I get my meager coffee money check?
Mike, u will not be able to keep up man. Passive investing is here to stay. And the bigger proportion of the market, index funds become, the harder it will be for the likes of you to keep up. You will need to sell lots more $6K annual subscriptions to keep up with the trading losses. The jig is up my friend.
mike I challenge u to disclose annual returns on the 'mmt traders' subscription service and also the 'zombies trading' for that matter. We would like to compare it to passively dollar cost averaging the index to see how badly it underperforms. Only a person with a misunderstanding of basic arithmetic and historical index returns would be silly enough to pay $6k per yr for a service that underperforms returns on the SP500.
you stupid? Mike has been right on so many calls ive made a ton, the dollar continuing to plummet and gold / S&P continuing to go higher have all been correct.
Mike your delusional analogy of 'filling a swimming pool' ie by government distributing the dollars in circulation via spending having to come PRIOR TO any taxes being levied, by logical necessity (otherwise how would Joe Citizen even have the required dollars to pay those very taxes) is at best, poorly thought out, at worst deliberate obfuscation designed to sound clever and knowledgeable in order to sell a dubious product. It DOES NOT ACCOUNT FOR THE FACT THAT COMMERCIAL BANKS LITERRALY CREATE MONEY THROUGH THE ACT OF LENDING. Therefore not all the dollars in circulation come directly from government spending. Anyone who is seriously considering pay $6k for a dubious service really needs to join the dots.
Mike, if as you claim mmt is a true DESCRIPTION (ie NOT just a theory) of how the monetary system works, then Fed intervention via asset purchases to infinity is money printing. Here's why! As per MMT, neither taxes NOR the selling of Government debt FUND government spending. Rather, the act of government spending ITSELF CREATES MONEY! That is to say, governments are LITERALLY CREATING MONEY AS THEY DEFICIT SPEND. In order to regulate the level of liquidity in the system and thereby reduce the risk of highly destructive, runaway inflation, taxes are levied, AND GOVERNMENT BONDS ARE SOLD. For example, the selling of 10 yr US Govt debt effectively REMOVES EXCESS LIQUIDITY FROM THE SYSTEM such that, all combined, billions and even trillions of dollars are exchanged by large institutions and high net worth individuals, in exchange for a paltry and peurile 0.92% yield on 10 yr money. So for 10 LONG YEARS, that capital has effectively been REMOVED FROM CIRCULATION IN EXCHANGE FOR THE PALTRY COUPON RATE. Then along comes the Fed, simply magics up those billions/trillions that had been removed and buys those bonds in the secondary market. It clearly has reintroduced that liquidity BACK INTO CIRCULATION for the duration of those 10 LONG YEARS!
You may consider lowering your price.
Perhaps this way, you can have more subscribers and earn more money with a reduced rate.
Sir Michael Norman you are so correct on the USD-dollar index for so long that it's not even funny anymore ! ! ! I am long FRES on the UK stock-exchange. Plus I am long AUY on the NYSE:
and the dividends are soaring ! ! ! Like it's not even funny anymore ! ! ! I wish a healthy 2021 to everybody. Bake the vaccines into the cakes but the lockdowns OR the restrictions will stay in
place like it's not funny anymore. Thanks to our Media and our Politicians we lost our freedom. Not funny anymore. 🙂 Lock in the profits while we are locked in.
How much is your pnl for the year that proves your strategy is working
Thanks! Happy New Year Mike!?
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So Mke is bearish on dollar??
When people explain things metaphorically and in a figurative language they are covering something up! Yes this is so true in just about everything from politics, economics, advertising, medicine, defense, and media. No one talks in an objective fashion anymore. There is no money in it!