Wednesday , November 6 2024
Home / Video / Fiscal explodes. Short-term looks bullish.

Fiscal explodes. Short-term looks bullish.

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Fiscal surges to the highest level so far. Trending an 6 bln month!

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Fiscal surges to the highest level so far. Trending an $826 bln month!
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. You had me worried about the oil prices great to see this video and hear your input thanks Mike

  2. and nope can't open our oil production… biden must be a russian agent.

  3. Tell Brandon to push the button it’s time to get the party started

  4. We can't take anything Putin says at face value, he said he wouldn't invade after all. But I don't think a no-fly zone over Ukraine will be enforced to force his nuclear hand. However It could happen that there is public pressure as Putin's war crimes are broadcast.

    He should be careful though, in case the west decides the best option is to get their retaliation in first. Make no mistake If WW3 does start though, it will be because of Russia's invasion of Ukraine as it was with Germany's invasion of Poland.

    With the oil, the market is rigged anyway so maybe Saudi Arabia will help out their ally the US and turn on the tap, or Venezuela could come into play.

  5. In the 70s Iran oil was also embargo'd but traded by Marc Rich. You traded then; did you know him, Mike

  6. No proof that shooting airplanes automatically leads to nuclear warfare. Thats just what Putin exactly want you to believe

  7. Mikey – I don't see an international war, but man, Ukraine will get wrecked :(. And thereafter, Russia will be isolated, but they'll be satisfied with their predicament. We need cannabis legalized worldwide.

  8. Market CrystalBall

    Mike if you think that them closing the airspace over Ukraine is the start of WWIII then we are basically there. Nato is donating jets to Ukraine. Its just a matter of time before there is a serious dogfight. To be honest the only thing that can save us now is progress on the cease fire talks and God.

  9. Higher oil should be positive for the market short term.

  10. A broad public consensus like Medicare For All?

  11. that's what ukraine gets for NOT NEGOTIATING a REASONABLE solution for Russia's real security concerns. Useless and gutless west politicians (mainly europe) are spurring these idiots on and use it as a cover for their own failures. Insane Germany and french puddle AGAIN!! oh well its europe lol.

  12. Norman works for the Kremlin. Has eastern european ancestary. Not a real American.

  13. ToHellor Barbados

    The time when the first Russian warplane is shot down by a NATO missile is already too late to get to Montana and be a dental floss tycoon…

  14. NATO is very clear on no direct contact with Russia. Senior NATO command will not be swayed by sentiment on this since popular opinion is not informed on the matter. So who are you referring to?

  15. Amen on no fly zone. Young people today have never experienced the Cold War and MAD. Hopefully Biden is old enough to grasp this nuclear reality!! Retired general Douglas McGregor’s view. https://youtu.be/N42Qbn6aRCA

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