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Fiscal peak was today. Now here we go.

Summary:
Without a debt ceiling, solution, the economy, and the markets are finished. However, a debt ceiling solution will put everything back on track. I'm throwing in a Special Subscription deal for the next 3 days. MMT Trader 5/mo. Sign up now. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/

Topics:
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Without a debt ceiling, solution, the economy, and the markets are finished. However, a debt ceiling solution will put everything back on track.



I'm throwing in a Special Subscription deal for the next 3 days. MMT Trader $125/mo. Sign up now.

https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/
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.

29 comments

  1. Travelling Charles

    name a democrat that doesn't understand

  2. u probably talked about this but there is also maybe better and worse spending, i would think all spending isnt equal

  3. Great MMT Report today!

  4. Join our team! You'll only regret not joining sooner!

  5. You should really consider writing a book😊

  6. Cancel your channel pls

  7. The Mike Norman & Jeremy Siegel show 👍👍

  8. Hey Mike, why isn't there an option on here to give you 'thanks" money? Other YouTubers have it as a selection. If there's anyway you could get one added, I'm sure many would pay you that way since they don't subscribe to your website. It's just a suggestion.

    • G. Edward Griffin

      I've suggested many solutions to his issues, and so has many others. Mike doesn't listen to his commenters. Mike knows it all. He's been invited onto other peoples channels to grow his own, and still does nothing. He may know the markets well, but I'm tired of listening to him whine.

  9. Van Thang Nguyen

    The national debt ceiling is just a political game, they will approve it before the deadline. However, I find it hard to understand why the Biden administration is spending so much money. The US population has not increased significantly before and after the pandemic (0.5%?), but spending has increased by 40%. What is the logic here?

  10. Eat,Laugh,andStupid

    your phone is fine, Mike

  11. @11:50 right! But people get confused about money supply. It's the real demand that drives sales that drives profit that drives real production. Just pumping money into the system thorough say a UBI pittance or interest-income channel is weak, it is not paying a worker the wages for producing the stuff people want, so it is too indirect and that is what is inflationary. Pump the money into good decent jobs, especially public service jobs that support the private sector, lowering their costs, and you have an awesome real production machine, and no amount of money pumped in that way is going to cause much inflation, at least no real inflation.

    • So as well as your bathtub analogy (got that off J.D. Alt?) you can also talk about the government as the coach for the economy. Private sector are the players getting the actual sport done. If you have a piss poor coach unwilling to invest their time (currency) into the system (the players) you are putting virtual plastic bags over the heads of the elite athletes (some being fast-food workers ad supermarket check-out operators or Amazon warehouse button pressers, it must be said, elite fast-food? ;-).

    • Eugenio Triana

      Money is the grease but you need to apply it to the wheels for them to get moving 🙂

  12. Lets talk more of how its all a ponzi scheme….BROKE ASS SYSTEM lol

  13. Mike thanks for what you do man

  14. Ricasso Quixote

    We love what you do thanks Mike

  15. Punch_Bowl_Turd

    FREELOADERS?.. well if you were the no agenda podcast i am a DOUCHE BAG! i can't commit to a subscription at this time or for the foreseeable future. you don't have a online tip jar (for lack of better words) yet. i wont lie yeah what you giving out is unfair to your subs but its on you on how to deal with that.

  16. It's because we didn't go bigger ……fuck yeah

  17. 44 seconds into it, and I'm out. Goodbye.

  18. G. Edward Griffin

    I've suggested many solutions, and so has many others. You don't listen to your commenters. Mike knows it all. You've been invited onto other peoples channels to grow your own, and still do nothing. You may know the markets well, but I'm tired of listening to this whining. Good luck out there.

  19. hey mike, it says after the 30 month free trial at the bottom it says $195 but the top says $125/month?

  20. Ok bro, I just watch your channel for your perspective but if you think Im a 'free loader' then I will unsubscribe.

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