by Summary:
A T deficit has rapidly shrunk to a near surplus, and with it, the financial balances of the non-government are being drained rapidly.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
A T deficit has rapidly shrunk to a near surplus, and with it, the financial balances of the non-government are being drained rapidly.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Matias Vernengo writes Milei’s Psycho Shock Therapy
Bill Haskell writes Population Growth Outcomes
Robert Vienneau writes Books After Marx
Joel Eissenberg writes Undocumented labor: solutions, not scapegoating
| A $3T deficit has rapidly shrunk to a near surplus, and with it, the financial balances of the non-government are being drained rapidly. |
Tax refunds should start paying out nxt month, so hopefully that will help offset as well, maybe temporarily. Thanks, Mike!🥰
Great point.
Flip flopping like Fauci.
He'll say as always that he is data-driven:"fiscal flow." LOL
If the data changes then the strategy has to change, otherwise what are you doing?
@Dave Duerre some people don't think shit changes
@បេះដូង fecal flows lolol
@C Whiting There's been a stealth bear market in all the MEME stocks for the past 3 months and Mike out here telling people to buy bank stocks after a 60 % run up from previous highs. Nah… I've been out of the market for 8 months in cash waiting for capitulation and shorting GME in the mean time.
biden did give the ok to harassing manchin &sinema along with their families on tv so idk how much more bullying can be done, bold postion to take with the crazies out there even after giffords & what happened at that baseball field. https://youtu.be/dHi2KWgFadM
Dump it
Will Pel-o-see option calls go into the sh!tter?
The donors told Joe Biden don't do anyting. It's WWF politics folks. It's the ratchet effect the rotating villain. This is all about maintaining the status quo. Mike Norman thank you
What’s happening with oil?
Not a good thing for the market or for the country?
all hail the 1%'s fake pumped markets where chickens come home to roost and the drunken irresponsible ride has 2 wheels hanging over the edge of the cliff
75 basis point rate rise could see the debt burden rising to 12% of disposable income.
Mikey !! Putin is looking dangerous out there in Europe – let's see where that story takes us…
This is the seasonal normal. Jan is a tax month and spending starts in February…. If Biden grows a pair and forces the two spies in his own Senate to quite fighting him.
Just got a new 10k credit line. And I'm unbelievably poor. I'd much rather have another "stimmy" check though. Only thing that fat credit limit is gonna do is help build my credit faster. I could have an 850 credit score and 100k credit line tomorrow, and it would do almost nothing for me except buy time until my poverty takes me down.
So there still is no budget for fiscal year 2022?
Same scam they ran during clinton years, destroyed the econ then too.
Great work as always Mike!
Isn't January always a small deficit month? 20bn 2020 and a surplus in 2019?
I'm not a huge fan of Biden but I think he's a victim of the political landscape. Republicans only care about getting power at the expense of the country so they would not support Biden in anything. Unless u want to blame him for not getting enough senators elected, I'm not sure u can blame him for anything. U said it, the Republicans want to let it go to shit so they can point to him in the end.
Agreed
Economy is political football of DC uniparty 👎
🩴🎤