Wednesday , October 30 2024
Home / Video / Net government transfers have fallen sharply.

Net government transfers have fallen sharply.

Summary:
Expect to see at least one percent reduction in GDP growth going forward and possibly no growth at all. 

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Editor writes The 2024 economic laureates and more Nobel nonsense

Lars Pålsson Syll writes Central bank independence — a convenient illusion

Robert Vienneau writes Elsewhere

Lars Pålsson Syll writes La blague raciste qui pourrait coûter cher à Trump

Expect to see at least one percent reduction in GDP growth going forward and possibly no growth at all. 
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.

20 comments

  1. @redpill-finance

    Great video Mike! My only concern is that if rates come down housing will start to crack up boom… there is too much liquidity in the system

  2. @tradewithsonic

    Whenever Mike Says "Bing Bam Boom" I press LIKE.

  3. Mike at 5:30 isn't that the same thing as saying " That's like the water level in the pool, going lower"

  4. Love the analysis. Thank you Mike da Monetary Fellah.

  5. NVDA is still 3 trillion dollars overvalued. It would be nice to see this shameless evil company have a negative market cap.

  6. @homeyoutubechannel6609

    @mikeydoggy Curious where in Florida did u end uo buying land?

  7. Thanks Mike! Maybe you could give us a tour of your new house. God bless you.

  8. @eatlaughandstupid4430

    congrats on your new purchase, Mike

  9. Congrats on the relocation. Hope it goes smooth Mike.

  10. @Random.Adventures.

    thanks Mike great house there

  11. Even if flows are slowing down, what do you think of the interest income as a compensator for the loss of those flows? The AI FOMO is real I totally get that and it's an anomaly.

  12. Is Russia rich according to your matrix of how to judge a rich country?

  13. @kylejohnson4083

    You crack me up, Mike. I'm getting mixed messages. Too much MMT? Lack of efficient government spend? Look, the government is deficit spending $1-tln every 100 days … and that's not enough? Higher for longer is now bad (you said high interest rates are stimulative)? YOU don't save … ??? Savings is just deferred spending … it eventually goes back into the economy! If the Fed caves now, inflation will spike again and some assets will enter a crack up boom. Hey … at least you moved out of CA and back to FL. That I understand!

  14. @merchantsailor

    Stop the stock buybacks for the gangsters running the rico violating corps. Use these stock buy backs to reinvest into USA economy. A corrupt rigged game.

  15. Welcome back to Florida!! No more doggy friends or helicopters.

  16. California put a fork in it

  17. You can have Florida

  18. Ok Mike they have fallen
    sharply and this is what you have ALWAYS talked about! Do we need to sell so we can buy lower???????? Seriously, this is EVERYTHING you have talked about. Do we need to sell now????????

  19. Looks like your property is next to water. Do you have a boat?

  20. Looks
    Like the sun n sea enriching for you Mike. Cheers

Leave a Reply

Your email address will not be published. Required fields are marked *