by Summary:
I said this would happen due to the slowdown in the fiscal support. But bank credit likely to spur a rebound in the fourth quarter.
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Mike Norman considers the following as important:
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I said this would happen due to the slowdown in the fiscal support. But bank credit likely to spur a rebound in the fourth quarter.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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| I said this would happen due to the slowdown in the fiscal support. But bank credit likely to spur a rebound in the fourth quarter. |
mike – seriously- should I move back to NYC now? or should I wait? thanks
Yes , NYC is a beautiful city, being a transgender non-binary climate progressive. I believe defunding the police and taxing the 1% WILL KEEP DEER NUT AND ALMONDS UNDER A BUCK… WHICH IS GOOD FOR THE RESERVE CURRENCY TO ENSURE HAPPY MEALS ARE CHEAP ENOUGH FOR THE school lunch programs. Then again I should stop drinking so much. Aww duck it I'm gonna crack another before bed.
Thank god for Man¢hin and M¢Connell
"Buy my gold. I take payment in Bitcoin."- Peter Schiff.
Mr. Norman you were actually partially right, but hey that was a tough decision to make. It was hard to forecast that the folks in Washington were going to postpone the debt ceiling. Unfortunately it seems that you did not see the earning season or did not think it was going to be doing better than expected.
You got the early September call right but I do recall you telling us that the correction will go on 1-2 weeks ago. I can see the market correcting after earnings season.
Yes, policy is sometimes hard to forecast, especially when talking about Washington.
Hi Mike, don't waste time explaining the world to losers. I made money during the last 6 mths, you made money, and most intelligent and smart people made money as well. No magic behind that. If someone is smart, you don't need to explain "a straight line" to them- they just know and understand. Best Regards!
hahahaha this is the mush-head say nothing comment I love to see on this channel!
What you did has no bearing on the flip-flopping going on here.
The differing results are exactly because there's nothing concrete here.
You clearly have zero understanding of basic statistics!
Good advice.
@Doomers are Funny U go get them pumpkin 😉
@Tomasz there you go. you've got exactly nothing. lol.
People expecting exact market bottom/top calls are crazy.
You were correct about bank earnings though.
When is Powell going to get busted for insider trading?
Mike where is the next debt ceiling and how does Treasury time this down to Dec 3. Total Nat Debt is 28.82t now was 28.40t + .48t (extension) = 28.88t so is already at the cap again? What am asking is if the 480b is not a real line in the sand?
Yeah they're adding $480 bln to whatever the ceiling was prior to the raise. They will have to raise or suspend around Dec 3 or, Tsy may not be able to make all payments.
What happens to the non bank countrywide types when interest rates rise on mortgages?
Again, debt service burdens are at record lows. This is not a repeat of 2007.
4:06 "Treasury sales – that's not borrowing, it's a reserve drain". I'm confused – before, you've definitely said that debt is simply dollars in the form of treasuries
If I may … 2 parts. It doesn't fit borrowing definition coz paying back is with the money Feds created out of thin air. It is reserve drain coz banks buy those treasuries with their reserve, or I should say excess reserves. What you said about debt being simply dollars doesn't contradict this pic either
8:37 I laughed when I read this comment, dude you are the real deal. These people don't understand that the information you provide is 100x's more valuable than the clown show on CNBC or Schiff. When conditions change your view changes…you are not a broken record like Peter Schiff, you adjust to the changes in ground conditions like Seal Team Six. This channel is a gift. I and many appreciate the value you provide!
lol hey go get an engineering degree so you can learn about noise trading a little more.
I love the comparison to the lowest hanging fruit on offer. lol.
Yea …. Mike, 1st time hearing you say fk'in idiot. I like it when you spray some salts on wounds, make it more lively 😀
Mike thanks for all the videos. We are lucky to have you
I buy and sell my entire portfolio three times a week, depending on what Mike says 😉
lmao, best post yet.
I told you Mike you get into trouble when you speculate where the market is heading. The economic numbers which include fiscal flows are important but not the only ones that determine where the market is heading. I'm a fan of Mr. Norman no matter what others say.
I like the way you put things in a perspective way. That's a New York thing I'm the same way.
Lmaooo This was hilarious ? U betta get the idiots together Mike! ??
36,000 seems ever closer. I hope you'll make some special remarks when it gets there.