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Georgia elections and expected market(s) reaction.

Summary:
Here's what will happen to the markets in the two scenarios. 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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Here's what will happen to the markets in the two scenarios.



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.

24 comments

  1. Pissed my $3000 stimulus down a rat hole buying beaniecoin and Nicolacar

    • @James P sorry you didnt receive the free money James. Keep your head up, things will get better for you.

    • @adhd trader I don't need free money, I just take yours everytime you place a trade. What meds are you on bty?

    • @James P ha, you sound like you need the best thing in life that is free b/c you are a bit of a curmudgeon. I'm making some good trades, so you aint gettin my money yet lol. The best thing in life tht is free is love btw

    • @adhd trader Honestly, I really hope you make good trades and make some money….I'm just playing around, I don't want anyone to lose money.

    • shoulda bought ethereum noob

  2. Dems taking both seats puts tax hikes on the table too

  3. Does anyone know how to short the dollar?

  4. Anyone here know what is going on in Dee Sea?

  5. Quantum computers will hack a bitcoin in 0.2 nano seconds.

  6. Can any one say is they any effect when democrates take control on senate?

  7. By the way, Trump is your President for 4 more years. Swamp is gonna git drained. TrumpSump is gonna git err done!

  8. Does anyone here receive my posts?

  9. No matter who wins market will rally tomorrow, it's in its DNA

  10. Just a middle aged bloke

    Regarding the Dane free magic money tree. Is this sustainable longer term Mike. gold is NOT money, Mike, agreed 100% on that, it's a commodity! gold is ALSO a type of 'fiat' currency as it has no real utilitarian value (other than jewellery), it's 'value' is what WE ascribe to it, therefore 'fiat' by definition. Our fiat money can be backed by debt as it currently is, but in order for this to work, that debt MUST HAVE A COST VIA AN INTEREST RATE. IT CANNOT BE FREE, otherwise the system will not be sustainable in the longer term. Surely u agree with this. When this nightmare virus is finally over and we start to recover CB the world over need to slowly raise rates surely, for the long term viability of the system. If we ALL have to take a 20-30% hit on the value of our assets, so be it! And if wall st billionaire types start to squeal like stuck pigs about this Jay Jay should give them the finger this time. He should be working for the people, not the wall st elites.

  11. Just a middle aged bloke

    The Australian Financial Review is our main finance newspaper. This article was in it today:

    You need a subscription so here's a snippet:

    "Danes get 20-year 0 per cent mortgages

    The country with the longest history of negative central bank rates is offering homeowners 20-year loans at a fixed interest rate of zero.

    Customers at the Danish home-finance unit of Nordea Bank Abp can, as of Tuesday, get the mortgages, which will carry a lower coupon than benchmark US 10-year Treasuries. At least two other banks have since said they'll do the same.

    Denmark stands out in a global context as the country to have lived with negative central bank rates longer than any other. Back in 2012, policy makers drove their main rate below zero to defend the krone's peg to the euro. Since then, Danish homeowners have enjoyed continuous slides in borrowing costs.

    *The once unthinkable notion of borrowing for two decades without paying interest comes as central bankers across the globe shy away from rate hikes. No major western central bank is likely to raise rates this year, according to Bloomberg's quarterly review of monetary policy.
    *

    As rates have continued to sink, other banks in Denmark — home to the world's biggest mortgage-backed covered-bond market — are joining Nordea.

    Totalkredit, a unit of Denmark's largest mortgage lender, Nykredit Realkredit, says it will also offer 20-year loans at 0 per cent. So too will Jyske Bank's mortgage unit. Danske Bank, Denmark's biggest bank, has signalled it may follow suit.

    Is free money normal Mike?

  12. "Fifty-one percent of a nation can establish a totalitarian regime,  suppress minorities or the majority and still remain democratic."

  13. Stop it!…..there's not going to be a Biden term! If there's any justice in the world.

  14. Democrats win!! Great news for the Stock Market and Bitcoin.. Bye Trumptards

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