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Euro tumbling to parity with USD. (And beyond.)

Summary:
Current U.S. European policies ensure the euro will continue to fall. Parity to USD and then below. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

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Current U.S. European policies ensure the euro will continue to fall. Parity to USD and then below.



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

https://www.pitbulleconomics.com/



Mike Norman Twitter

https://twitter.com/mikenorman



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

23 comments

  1. many countries are under the WEF spell road to failure.

  2. Your political analysis is completely biased.

    Why don’t you just say Russia should get out of the Ukraine and stop murdering people?

    Russia has caused this, and thank goodness sanctions are an option rather than nuclear war.

  3. Kino Casino VIP Fanboy

    Europeans do NOT follow what the Washington says – The European POLITICIANS AND ECB are following their boss in DC. It should be no secret to anyone by now that governments in Western nations are NOT representative of the people. The so called Liberal Democracy is just a way of diluting responsibility which is perfect for hijacking nations like they did in the West. EVERY Western nation serves a FOREIGN interest – yes, including America. Alas… until West turns into Sri Lanka – normies will still be blind to this reality and keep playing the voting game and being happy tax cattle.

  4. Do you think the big 5 Canadian banks are also undervalued ?

    • Market CrystalBall

      There expanding credit as well so I would assume they would have higher interest income in the future. Even though housing is cooling, the stress test before the declines in housing was very high. Chances are it would take a least a year before we start seeing foreclosures. After the narrative changes from a recession to an early cycle recovery banks should outperform.

  5. Kino Casino VIP Fanboy

    Mike, what do you think about the coming CPI numbers on Wednesday and do you think that NASDAQ has this prices already or should we expect NASDAQ to keep falling this week? (open question to listeners as well).

  6. Learning a lot from you, Mike…checking in here every day!

  7. Finance & Economics

    Europe is making ALL the wrong moves.

    They should force Zelensky to concede, or withdrawal all support. Cut the sanctions and attempt to rebuild the relationship with Russia, which would benefit all the World and lead to prosperity. But no, there's some unseen force driving these people to like you said act against their own interests. Everyone, except those who are benefitting, loses.

  8. I am in favor of banning AR 15's. And Biden is trying to fix the slaughter of our teachers , children and public. I am long UNG been long two months.

  9. El Malik Shabazz

    Well mike Im sure you've abandoned your dollar short position

    • Cédric Schwartzler

      Mike has refused to comment the wrong move he did with the dollar. He was very bearish at 93. You won't hear an explanation on what went wrong. Mike only comments his good advices.

  10. El Malik Shabazz

    Mike the british pound is getting its ass pounded as well

  11. Don't pick your nose when you're recording video Lolololololol

  12. russia has fully turned its face to the west now there's no going back. our woke politicians have fkd everything up. brics will go forward & eventually take the high ground

  13. Great MMT Report today Mike! Love your work as always! Peace

  14. Can someone explain to me what Germany is specifically doing to cause a trade deficit as per "following the US"? I missed that part. Thanks

    • A quote today from Warren Mosler is, "Germany is losing the benefits of energy imports due to its own strategic blunders that made it dependent on Russian energy." In his 7 Deadly Frauds paper he wrote, " "Imports are real benefits and exports are real costs… Jobs are lost because taxes are too high for a given level of government spending, not because of imports."

      At least America isn't dependent on Russian energy, so can't blame Germany for copying that from us. However, we can blame Germany for not spending enough relative to taxes like we are unfortunately doing in America. (Note: Although Germany is not a sovereign currency issuer like the US, it does have some fiscal spending power and the ECB is no longer inflicting punishment to member states for over spending since the pandemic, which is a good thing. I think they get MMT a little more than the US does at this stage.)

  15. Hey Mike
    I am expecting soon some big bank run in some big banks in usa
    Let Si

  16. stay safe nyc psa nuke warning if yu happen to believe in that thing

    • Mike Norman MMT Economics

      Yo, I saw that. And the way this country is going–pushing war with Russia–I do believe it will happen. I'm looking to get outta here.

  17. You go long when you should go short and short when you should go long the USD. Been following you for years.

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