Friday , April 26 2024
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The Fed raised rates!

Summary:
A rate hike is not a rationale for buying the dollar and selling gold.

Topics:
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A rate hike is not a rationale for buying the dollar and selling gold.
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.

35 comments

  1. Mike why dont you speak about the great reset these scum want to implement?

    • @Will Finn william, your not that ignorant are you ? If you'd been paying attention for the last year Facebook has been tearing down any type of Truth coming out from the truthers and it's not conspiracy if you look into it there's videos pictures a lot of great information that you won't find on YouTube or Facebook as they are deep State and they have pulled it all down. It's called censorship…… Biden doesn't want us to exchange ideas instead he wants to hide the truth. If you dare to look at the truth you can find it on bitchute.com and rumble.com send telegram because you won't find anything on Facebook or YouTube is they are censoring all the Patriots and truthers and I do put an ! Behind Patriots. Stay in the dark you seem comfortable there…….watch CNN they will tell you all you need to know
      By the way you might want to look up who owns mainstream media

    • @Lynda Smith When we contract the words "you" and "are" the resulting contraction is spelled "you're."

      Yeah, blantant misinformation is being banned, rightly. Facebook took YEARS before they started taking the problem seriously and in the meantime Facebook was the best thing that ever happened to rightwing misinformation. I've been well aware of who owns the media for decades now. Fox News, the largest and most influential media outfit in America for decades now, was started by a Nixon-staffer with the explicit purpose of protecting rightwing politicians.

    • @Will Finn okay so you just admitted you are okay with censorship…… by the way this is the United States of America and freedom of speech is what sets us apart from the rest of the world
      It's all coming out that theI FBI was involved with the January 6th issues at the Capitol I guess you're okay with them censoring truth coming out about that also
      The voter fraud is being exposed as well Trump won in November like we all knew now it's finally being disclosed……. but that was all conspiracy theory right?
      By the way I must have missed you January 6th ….all the Patriots descended upon or Capital to show our support for freedom in America and to support our great president….. and if you don't approve a freedom of speech in this great country of America then you can move to a different country

    • @Lynda Smith okay so you just admitted you don't even know what the First Amendment says. 1A protects your speech from GOVERNMENT interference. Facebook is a PRIVATE SERVICE that has rules for your speech. And we know from recent reporting that the FBI let the Proud Boys, Oathkeepers, and 3 Percenters plan the attack because all 3 groups were providing the FBI intel on Antifa. Many terrorists like the Proud Boys have been FBI informants as part of their plot to make the FBI look one way while they planned an attack in the other direction.

      So yes, your claim that the FBI somehow plotted the attack is laughable. Election fraud is also laughable — if you had any real evidence then real people would've take real action. Instead, all your real actions have failed spectacularly in court so all you've got is talk on TV and Parler.

      If you want to overthrow the government after losing an election then you don't actually want approve of Democract in this great country of American and you can move to a different country.

    • @Will Finn we live in a Republic, demon dominion machines were rigged, it being proven, FBI involved in setting up Trump and Patriots. They want to divide and concur. Think , we have all been lied to for years , fed, gates , fauci, FB ,CIA, FBI all corrupt, they are all owned by ccp . I'm not responding anymore because you dont even want to consider the other view, eventually the truth will come out , hope your sitting down when it does , all the best

  2. Hey FED, park all that extra money in the Stock Market will ya!

  3. patreon(SLACNetwork)

    Oh ok to keep from going negative in order to keep those the investors from selling a mass off

  4. patreon(SLACNetwork)

    Sounds like a inflation trade

  5. patreon(SLACNetwork)

    Little by little since prices are projected to go lower in 2022 and inflation temporarily kicking wages up powell might be thinking to slowing bring them up to see how the economy handles it

  6. So keep buying gold?

    • Yes this is what he has been saying. The sell off was an extremely emotional reaction. Might as well get gold at a better price.

  7. the fed are morons.

  8. who polices the fed, any audits done by a third party?

  9. Interest on Reserves is spending that comes from income received on the assets it owns – primarily Treasuries.

  10. The dollar move may have saved my quarter .

  11. And I was wondering where did all the moneys went and where did it all get tooken from the 10xer hype stocks?

  12. Mission Partners

    Great Information.

  13. Could someone explain how the idea: that higher interest rates lead to higher prices, relates to the housing market? The common perception is that higher rates lead to lower house prices since the higher rates lead to more people being priced out of the monthly mortgage payment. Thanks in advance!

    • The two forces work in opposite directions. Higher rates makes credit more expensive which makes everything more expensive. Higher prices = inflation pressure. But higher prices also discourage economic activity, and when activity slows down then prices fall. So higher interest rates creates two different dynamics, each one pulling in a different direction. Higher rates create price increases directly but lower prices indirectly.

    • @Will Finn that kind of makes sense. It seems like real prices could go either way then?

    • @Robert Yeah, it all depends on whether the change was enough to tip the balance in either direction. 5 basis points is a pretty small change in interest rates.

  14. Ioannis Lazaridis

    Always a pleasure to listen Michael's informative and educational videos and podcasts. He is a very good coach and leader. Best regards from Helsinki, Finland.
    p.s. All countries in this world will implement the Scandinavian model.

  15. Wasn't the increase in IOER supposed to fix the reverse repo situation? That got a lot worse though.

  16. Real work deserves real money like silver and gold.

  17. Jelle Brinkhuis

    Mike, houses over here in NL are up a lot in price while rates are down. Supply is not too great but picking up. People have to pay 8 x year income for a house. Do you see housing prices still moving higher in the US (and maybe also in NL)?

  18. Trump2016: "It's all about the TRADE DEFICIT ?!!!"
    2018: Worst TD Ever.
    2019: Second Worst Ever.
    2020: (Busts thru ? like KoolAid Man): "Who's Worst Now, Bitches!"

  19. Hey Mike!
    Can you please explain how & why the USD was so bullish between 2011 & 2015, during ZIRP?

  20. Honestly, I don't see why nobody saw this coming. The same old song and dance from the Fed. No surprise to me. I sold my mining stocks and doubled my SPX and VIX positions last MMT Report. All the ammo the Fed has right now is speculation manipulation until they actually have to raise rates. No brained.

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