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Record fiscal expansion boosted the quarter. However, a new fiscal year begins.

Summary:
A new fiscal year begins October 1. What will that mean for the markets? Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman

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Michael Hudson writes A Concept of a Plan … for the National Interest

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New Economics Foundation writes Trapped behind the wheel

Peter Radford writes Election: Take Four

A new fiscal year begins October 1. What will that mean for the markets?



Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/



Download my podcasts! New one every week. https://www.buzzsprout.com/1105286



Mike Norman Twitter

https://twitter.com/mikenorman
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. Trump was (is) completely unhinged. He is not a healthy man. He knows he is losing and thinks he can win back people like you by just trying to bully and lie. It appears it worked on you four years ago and perhaps it is working on you now. People with personality defects are susceptible.

    • When people try to narrow down their problems to one person….they should grab a mirror. It’s bs both ways…why do people get so emotionally invested in who the PR person is? Because that is what the President is….they are the person delivering the message that has been planned for years in advance.

    • @negadelph Aahh. The fix is in, both sides are the same, so I don't need to care or do anything neurotic defense. I would expect no less from someone who subscribes to World Alternative Media.

      Just looking at one issue, we know that one party wants to take away peoples health insurance, one wants to protect it. The family who are able to get affordable health care matter. Things matter.

      People who care about their country (real patriots) care.

      We have a choice between a disgusting lying lazy incompetent racist corrupt narcissist purveyor of conspiracy theories destroying our democracy who has actually made the pandemic worse, and someone who is not that. It matters, of course.

  2. Thanks for posting. You're still the best in reporting the reality.

  3. Is this situation fixable?

  4. what about the daily tax flowed did the corps pay their taxes?

  5. what that mean bank deposits, the citizen peeps saving dough? Biden wants raise taxes, to heck with that

  6. Easy Trump win in November. Biden poll numbers even worse than Hillary in 16

  7. Great Podcast Mike!

    • some Fed conspiracy douchbags had him all riled up, wonder who that was, I mostly see them on real low brow corners of the net

  8. The Presidential election is being thrown on purpose by the Democrats in my opinion in order to deliver as much chaos possible into our already troubled future.
    Especially, for those who do not care to be enslaved for the sake of comfort and security. They know, they cannot win the 2020 POTUS election and will look forward to the mid terms instead.
    Hence, a big nothing burger to come election day…. Unless of course, they do manage to actually steal it. Then…..Look out! Peace.

    • "Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety." ……… Ben Franklin 11/11/1755

    • “I prefer dangerous freedom over peaceful slavery.” ………Thomas Jefferson

    • “The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.”…………..Thomas Jefferson

    • This sounds like something I would say. But the markets suggest we have something coming up in november and then in february comes a massive dump.

  9. "Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude.” ……..Thomas Jefferson

  10. I skim read some articles about real estate in NYC, it must be a desaster, people are leaving and every other tent isn't paying his rent. What's the future of this city?

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