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European countries like Germany, France, Italy, Spain, Portugal, Greece, etc, are no longer currency issuers. Under these conditions they should have higher risk premiums on their bonds. But that's not the case. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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European countries like Germany, France, Italy, Spain, Portugal, Greece, etc, are no longer currency issuers. Under these conditions they should have higher risk premiums on their bonds. But that's not the case. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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| European countries like Germany, France, Italy, Spain, Portugal, Greece, etc, are no longer currency issuers. Under these conditions they should have higher risk premiums on their bonds. But that's not the case. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ |
Congress and our Econo-politics is crazy, so the Govt has to pay higher bond yields on the risk that Congress will voluntarily refuse to pay bond holders, at least for a few weeks.
No: because The U.S. Government, as a series of mechanisms, doesn't require those dollars for anything. We could, and probably should, just eliminate bonds all together because the interest is basically a waste of money. I mean, I guess we should probably just create all negative interest rate bonds for the fucking morons who would want to buy such a thing, because it would benefit our economy to take money away from such stupid people, but, otherwise: THERE IS NO REASON THAT THE US NEEDS THOSE BONDS. If you are a corporation or a state or an individual, you need bonds because you can't just print money. If you are the government, all that bonds do is merely change how we print money in the terms specified in the bond.
Who is going to win the Euro Cup Mike?
Italy played well last night but we need to see how Spain, France, the Dutch and Germany get on. If England start well with Croatia they are in there too. I have football every single day and it's awesome!
I think it is unfair that savers can not get a interest rate on treasuries that is above the rate of inflation. I blame the fed who has complete control over our currency. They control the country almost like a tyrant. How did we ever allow this cartel to have so much power? Very sad situation.
That fatal flaw was designed to be there. Nobody wants to acknowledge that.
Because USA is #PlayingWithHouseMoney of ?. What daddy's franchise casino brat Prez so ironically didn't understand, on his Whining & World Vilification Tour.
Expand The Franchise, Stupid!
Like a drug dealer / company!
"Here ya go. The first one's on the house".
I’m curious how many percent of your viewers are female?
What else you gonna pull out ya backside, Captain Irrelevant 😉
I just looked at your channel LMAO. Nevermind, it's not hard to understand now that I see it 😉
I been saying for years……The only fix is to this mess is to double the wages and let one parent quit work, creating a real labor shortage .. also give a very small UBI to those that cant find work.
How do you plan to do that?
@NoExitLoveNow Up the federal minimum wage to $30 … will all work itself out.
High taxes for single workers and double income households .. very low tax for married 1 income earner house holds … just that simple…. The wedding bells will be ringing
Looking forward to next few weeks of the MMT Report for sure!!!
Great work Mike!!!! Love the daily "Johnny on the Spot" emails. Honestly, I couldn't imagine being as successful as a trader without them!
If anyone is on the fence regarding whether or not to join our Pit bull team, just bet against Mike on his videos alone and see how much money leaves your hands and into ours. We'll gladly accept it!
The greatest thing about Mental Game is that it always improves your ability to understand what information really matters and what does not! In other words, being able to focus on what really matters in the market and knowing what is only media chatter, allows your mind to reason away fear.
Have a relaxing weekend Mike!!!! You're the hardest working man in the underdog business!!! Thank you Mike!! You rock!!!!
MIKE! Have you ever considered going for a wider camera shot? I watch a lot of youtube and your videos are always so close to your face – it's a little disconcerting. Either way, love ur vids – keep it up!
With this is mind, did the Swedes do the right thing rejecting the recent push to adopt the Euro? I think they did as it gives away a huge amount of policy space. Keep up the daily vids…they're very informative. I don't understand why any smart leader would adopt a currency that you have no issuing power over. It's like being a leader of a prison and saying 'You know what, I don't want to control the prison any longer, I want to be an inmate…here's the keys, lock me up'.
Michael, did you finally monetize your channel, or is it only Youtube's recent change that monetizes content for itself at its will?
I ask this for myself and potentially for a few others in the present and future to know whether to skip ads or not on your channel.