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Economy may be sputtering. ECB meeting tomorrow. What to expect.

Summary:
New signs from tax flows that the economy may be sputtering. ECB meeting tomorrow. Zombies will probably sell the euro. You buy. 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

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New signs from tax flows that the economy may be sputtering.

ECB meeting tomorrow. Zombies will probably sell the euro. You buy.



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
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.

24 comments

  1. last night i caught AAPL @ 110.68 tempted to sell now but i'm holding for a bit.

  2. 30:27 Anyone want to do this with me?? ??♥️❤️

  3. Miserable scum = MSNBC 🙂 turn mainstream off. One, gets better info from social media & Mike. 🙂

  4. Love your podcasts Mike. Thank you very much for taking the time to make them.

  5. I'm pretty sure that most those "miserable scum" are gold bugs

    • Greetings Trent, anyone who derives a macro thesis based on delusional expectations is a miserable person to begin with and will eventually fail no matter what they believe to be true.
      Especially, when a successful outcome depends on the demise and misfortune of others. However, there is nothing wrong with having a solid Plan B with the intent of helping others just in case things do get really ugly in my opinion. Peace

    • garyseeseverything

      Lol that’s probably true

  6. Mike totally agree with you about the doomers being so miserable wanting the world to collapse so that others will be miserable just like them. And did you ever hear any of these quacks ever say “hey I was wrong” never! It’s always “just you wait and see….now the collapse will be even bigger!” They can just say that over and over forever so that they can never can be wrong lol!

    • Greetings GL, it all boils down to listening to what you don't want to hear and seeing what others refuse to see if being correct is more important than being right. See what I'm saying?

  7. Great work Mike!

  8. Great podcast Mike. The end about NYC blows me away.

  9. Great Podcast Mike!

  10. 2:17 You'll probably be hearing that a lot around dinner time until the restaurants reopen. Just saying.

  11. garyseeseverything

    What are your thought on tenants getting bailed out? It’s seems like landlords are getting left out. Also, thoughts on people leaving New York, thanks!

  12. We already have The MMT podcast right here. Perhaps you could have called it The other MMT podcast.
    https://pileusmmt.libsyn.com/

  13. Maybe elections will help markets not to go down fast, maybe move flat

  14. mike i have a question for you. why is it okay for you to call people names and mock others but when you get the slightest wiff that someone is doing it to you then you go flying off the handle and make a rambling video about how you're going to block anyone who makes stupid comments? that comment i made to you was not meant to get you upset or mock you in anyway. i was just asking a question. im trying to understand and im not a expert like you and what do you do? you go flying off the handle and make a response video to me calling me stupid and making dumb comments. ive been watching you for a while and you mock people and call them names all day long. you constantly trash peter schiff and jim rogers even to go so far as to make fun of their physical appearances. which is totally childish behavior. then you call these guys scum in this video here, even though you didn't call them out by name im sure that's who you're referring to. ive been watching schiff for a while and ive never heard him mock you in any way shape or form. and peter doesn't block anyone . go and read his comments on his videos there are tons of comments with people critiquing his calls. sounds like you just have a hard time with criticism . and just to be totally honest with you your calls are way more accurate than schiffs. so go ahead and block me cause im unsubbing. there's nothing that you give that isn't available for free from tons of other people.

  15. Mike, love your videos.
    Question-could it be that the lower corp tax flows are due to increase in the payroll, since as you know the unemployment rates has been dropping steadily. I was thinking that in recent weeks the corp payrolls would be slightly higher and not necessarily the sales. So that could cause a momentary dip in the corp tax flows. The big sales jump occurred after many of the states that opened up their economy, combined with the stimulus and big unemployment checks that people got in the summer, but now that spike is gone; but the companies are still hiring since they made mucho moola in late spring and summer.  
    And now as more people are employed, there will be more consumer spending and then we should see higher corp tax flows in few weeks. Wondering if this is a temporary phenomenon.

  16. DXY Targets were down to 91.50 then a bounce back up to 95.50 before further resumption downward is what I am looking for to play out on the US$. Any targets far beyond this range will signify a meltdown in the equity markets on the upside come October or a significant US$ decline to the downside in early 2021 in my opinion. I think we will see a wide range consolidation period with quite a bit of volatility until the elections are finalized in November if market conditions remain the same. Looking forward to MMT Reports and daily updates from Mike in the weeks and months ahead for sure! Hoorah!

  17. AAII bearish. Tesla "investors".

  18. Mike, yeah we hear these guys a lot. '"It's the end of the world…buy my gold to protect yourself'. I feel like asking them if people will be bothered about owning gold coins when they can't get food to eat if the economy collapsed. I own some gold but I can't feed my kids on gold and neither can the doom mongers. We all need money but the format of it for me is unimportant as it's numbers on a computer screen. It's the real stuff I want with some money for emergencies.

  19. Unless youre Bill Miller, you have no business buying dips. Remember 2000? Dip buyers were in the express lane to REKT city. Only. Average. Up. …..

  20. According to Wikipedia 180 of 195 countries issue their own currency if that is true how is USA unique in aspect of issuing its own currency?Not counting Military power or reserve currency.

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