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The daily flows data suddenly took a turn lower. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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The daily flows data suddenly took a turn lower. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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Mike Norman writes Class
Mike Norman writes Episode 8 (S2) of the Smith Family Manga is now available — Bill Mitchell
Michael Hudson writes Beyond Surface Economics: The Case for Structural Reform
Nick Falvo writes Homelessness planning during COVID
| The daily flows data suddenly took a turn lower. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ |
Fiscal Cliff… the market doesn't move on that, i remmeber also other 2 fiscal cliffs some months ago and nothing
There was no fiscal cliff. I thought spending would slow further than it did. The Child Tax Credit payments in July provided a floor and a boost. Consequently, I resumed a bullish posture which was the correct thing to do. Go back and watch or better yet, get off my channel. Don't need your negativity.
@Mike Norman MMT Economics negativity? im staying bullish, your the one with some negativity i think
@G Media was referring to tone of the dissent. Regarding FCs, check Jan 2013 when the MOAFC was averted – so yea the market does move on FC outcomes.
So basically it was just the stimulus checks moving the markets up, because the economy sucks.
Yeah, 6.6% growth rate really sucks.
Reminds of DramaQueenDon's spawn, SlickJr; gloating about growth that was the exact amount of the "socialist"? spending, lol.
Wanna… Buyback that take? ?
@Mike Norman MMT Economics 6.6% GDP – 750,000 evictions – $3.3 billion weekly unemployment bonus – 7.5 million people losing all unemployment benifits = real economy. That one.
@Frank Pizzo if it wasn't true that guaranteed basic income checks encouraged social dysfunction like crime, that is not stealing loaves of bread but the ability to hang out all night and create mayhem because you don't have to go to work in the morning, and if guaranteed basic income was a good inflation anchor such as true for guaranteed jobs which puts people to work and at the same time sets a minimum floor on wages, and prepares people who are otherwise unemployable for a private sector job, then I would be all FOR that socialism because it'll be a big boost to capitalism. Just like during the war, big wars and little wars. The military hired people and paid them to go fight, and the military hired big companies to make war products. That includes the cold war that the US government funded in order to fight socialism. Kind of ironic.
unfortunately, that old saying that idle hands do the devil's work, I think there's some truth to that now. Unless people have a strong good streak of creativity, I think idleness drives at least a sufficient number of people to expand trouble making.
Russia and Saudi Arabia are working out joint military exercises. Think about that for a second as it pertains to the petro dollar. Do you all think that all this push for electric cars this year is a coincidence? What do you think will happen to the dollar that is backed by petro?
We released 5000 Taliban prisoners last year. Left them military equipment. Say hello to your new allies. Crap is about to explode and now they want you to have vaccine passports. Very fishy.
Scheduling my a$$. Some States cut PUA early out of partisanship.
Like here in (Phoenix) AridZonA. Where summer ? NEVER ends muahhaha!?
Would you consider the moratoriums and the student loan freeze (both coming to an end soon) a contributing factor to the slowdown?
Yes, when (if) those end it would equate to some fiscal contraction, but I thought Biden Administration forgave some student debt?
@Mike Norman MMT Economics I think it was just for people with disabilities and maybe some other group.
@Mike Norman MMT Economics I don't think it was really that significant of an amount if I recall correctly…
@Mike Norman MMT Economics They haven't done the broad forgiveness of $10,000+/- per borrower yet which was the flagship campaign promise for the topic and have pretty much stopped communicating about it ever since Pelosi spoke out against the idea of doing it through executive order. Only disabled people and scammed students had their balances forgiven as mentioned in above comments, which was a drop in the bucket.
It's hard to believe that there are people out there who actually thinks the United States federal government borrows American dollars from China. Unbelievable
It is a similar joke as banks acting as intermediaries.
@Jari Rutanen they are backstopped criminals
@Danny Windham yes you could say that as well. The entire fin.sector is also backstopped. Even under normal conditions bank rates are supressed due to deposit guarantee and bail out guarantee. Massive QE has further aggravated the situation which has lead into the formation of the current "the everything bubble" in assets.
Ha! I used to be one of those people! Until I met Mike Norman in 2008??
@Heaven Llewelyn congrats! We have all been cheated on this issue. I learned the true state of the matters from Randy Wray's mmt book in 2018.
Judging by the past, the first cut by "Christian" "Conservatives" in a debt ceiling standoff would be… Food for Women with Infant Children (WIC).
What "Women & Children First" means to them.
And consumer confidence just took a dive
Limited Government is Better government
6:20
I know most people enjoy the summer season, but I much prefer the Fall/Winter seasons.
A slowdown is inevitable!
We need you in charge of the fed
Thanks Mike. Always appreciated.