Saturday , February 22 2025
Home / Video / We love the gamblers because we take their money.

We love the gamblers because we take their money.

Summary:
There’s many out there funneling money to us.

Topics:
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There’s many out there funneling money to us.
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.

22 comments

  1. Reduce government spending waste and destruction.

  2. By the way, Buffett is a much bigger beneficiary of government subsidies and bailouts than musk

  3. Thank you Mike great update

  4. @Hustle-Man-ForLife

    All of the people that you named, made their billions not from investing but rather from starting a business that grew (and much of it was being in the right place at the right time). Tesla is a fad/cult stock the company sells 20% of cars compared to what the top manufactures do a year and I never believe his we are a tech innovator company lol, Bezos started an online market place from a loan from his parents and it just took off as brick and mortar started to fail, after really failing at first, Zuck stole the idea from someone else and was just a college coder that was hired to implement someone elses idea. And good ole Warren is so out of touch with todays market, he just got in so early, he has been wrong about the markets for the past 5 to 7 years, he didn't even want to invest in any Tech companies for years. Anyway I luv your vids Mike, just not those examples.

  5. Mike I want to subscribe to your service again now that I have time for more daily investing. But why is subscribing to you better than just investing in VOO and calling it a day. When I've done trading, with small numbers, it's fun. It is like gambling. But what is your alternative? Just buying dips? I don't mean this sarcastically. I know you stopped doing some of the other stuff I wish I learned like the forex course. Maybe make a video that really sells your service again and I'll sign up for sure.

  6. Government inflows support asset prices. Call it what you want.

    • And asset appreciation drives spending and distorts labor markets. Liquidity causes speculation in commodity futures. Inflation going much higher

  7. MMT it may significantly underestimate the risk of inflation by relying too heavily on the idea that a government can simply print money to fund spending without consequences

  8. Mike do me a favor and watch your video after the "Yen carry trade" happened which was the buying opportunity of the year and revisit what you said…

  9. @mike – how concerned are you about a potential Minsky moment in the current environment? Could a financial crisis occur even with big net government transfers?

  10. 9k Mike … 10k next 🙂

  11. Long GOLD

  12. My issue with Musk and Trump seperaton of powers power of purse to congress not a non citizen South American , Musk manages good, not a scientist or engineer.

  13. Maybe these oligarchs will get a soft bed in heaven for being so rich.

  14. The last time I watched this channel where you mentioned ATH, the market dropped like 130 points, lmao. The gamblers faded you and took your money. At least we're in positive gamma exposure territory this time and have broken the obvious resistance "gambler trendlines", so you might be right this time 😀

  15. You are wrong

  16. You are wrong

  17. I research and look for good companies 12 hours a day that’s not gambling grinch

  18. You’re a grump

  19. @jellebrinkhuis4004

    Longs are gonna take a beating again on Monday.

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