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Explaining government spending

Summary:
Government must spend, otherwise, we would all be in trouble. 

Topics:
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Government must spend, otherwise, we would all be in trouble. 
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.

18 comments

  1. Hello Master 💚

  2. BobSagetSquarePants

    Think of propane like the swimming pool analogy, you have to fill it before you can use it…

  3. Mike, your oil call was spot on. One of your best calls of the whole year.

  4. Trump actually admitted that we create the money when he ran the first time but walked it back shortly afterwards. Now he’s like all other politicians who say we need tax money to spend. A shame but that’s the game

  5. MAYBE WE NEED GOVCO BUILT CARS! the EVs dont spontaneously combust (especially if in the garage under your child's bedroom), have em fully employ the ESG, DEI and exclude all white ppI cept for toilet cleaners & floor sweepers cuz its all bout EQUITY! lol its as if we in the UPSIDE DOWN in stranger things and somehow i'm in a state of confusions of WHO IS THE MOST IMPORTANT PPL OF THE NEW THING & DAY? is it the Juz? the transista sista, muzzards (as kamala recently expressed while a J was muRdered in LA) or is it the PALIS? oops almost forgot the NAZls of ukraine (they the GOOD white ppl)……… i am so sick of this "protected class" thing the democrats keep positioning themselves with so to oppress other classes.heres 2 headlines i paired. NBC 2019 "House passes resolution condemning anti-Semitism and Islamophobia"

    fox news today "Democrats fail to shield Rashida Tlaib from House censure vote over her anti-Israel remarks" what is goin on there, does any congress thing or thang have a base principle or is it all the time baby rattles & romper room bare diapers? I THOUGHT (according to pelosi) 'NOBODY IS ABOVE THE LAW" or is it law by how we feel today?

  6. The best investor that ever lived (he told us everything we need to know IN ADVANCE 😮)
    Long live the MMT = Magic Money Tree 🌳
    … A billionaire by now 😅 !?!?

  7. Thanks Mike, you site your call on Sep 15 for the tax drain. over the next three days down. S&P gap down on 9/21. So, now we going to fill that gap from 9/20…or do I sound like a chart monkey? LOL

  8. 8:20 When you say, "Credit has to be backed by…Government money". Do you mean the banks' reserves (that they originally got from the Government, because that's the source of all money) , or the Fed's balance sheet (ie total supply / M2)? 10% of what?

  9. Isn't saying "buy the dip" technically financial advice that can get you sued Mike?

    • Mike Norman MMT Economics

      I provide economic research. And what you say would mean that pretty much every person who goes on business shows would be getting sued.

    • ​@Mike Norman MMT Economics Well, some people who go on business shows, are financial advisors. Anyway, I'm doing a master's in finance and planning to do my research on the interplay between fiscal flows (as reported on the dts) and s&p companies (mainly). I want to see, for example, how pharmaceuticals react to increases/decreases in madicare flows. Should be pretty interesting.

    • Mike Norman MMT Economics

      @Falino Luiz I was a contributor to Fox News and Fox Business for 10 years. I am an economist. I routinely gave market calls or even stock picks. No one sued me. Are you just some troublemaker? What is this question?

    • Mike Norman MMT Economics

      Your question seems unnecessarily provocative. Have you lost money with my calls?

    • ​@Mike Norman MMT Economics Absolutely not Mike, your calls should be more popular than cocaine on a sunday afternoon. Certainly not priced that way, heck, sometimes it's even free!

  10. Small yappy dogs must bark, otherwise, we might get some sleep.

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