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Home / Video / Hysteria over Treasury auctions is sheer stupidity.

Hysteria over Treasury auctions is sheer stupidity.

Summary:
Watch CNBC and get stupid.

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Watch CNBC and get stupid.
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.

32 comments

  1. excellent "GOOOON- LAAAAAACH !!!!! " LOL …

  2. Well when you're having a convesration with someone and they repeat what cnbc says or starts talking about fed debt you know right away who you're talking to. so kinda of a good thing in that respect.

  3. Good deal mike Have a great day we No that you're the only 1 that really knows what's going on thank you

  4. MMT is slowly getting out there. Even that idiot Bob Murphy had to admit. Yes, MMT is correct, and that is the way government spending works. He finally admitted it.

  5. Hi Mike…Argentina is talking about adopting the Dollar as its National currency…Can you comment on whether that would be positive development for the US or World economy??

  6. Is there even any need for government bonds in the first place?

  7. Mike, you should add a Patreon link to your videos. A lot of people might not be interested in signing up for your full service but would gladly pay you for the wisdom you give away on this channel. Asking people to tip if they feel they have benefitted from your wisdom is entirely fair and warranted. Other channels do this. Thank you.

  8. ❤👁

  9. Despite your doubts, I believe your videos will be regarded as gems to be enshrined in proverbial Mount Rushmore of finance sometime in the future. Unfortunately just like Van Goh, Monet and Gaugin you probably won't get credit while you're around. That's because you're disrupting some of big wigs that refuse to hand over their fame or so called acceptance with the general public as it were.

  10. Joe Kernen aka doofus.

  11. FY23
    Issues = $143 trillion
    Redemptionsv = $140 trillion

  12. Debt Derangement Syndrome 😢

  13. 8,000 thumbs down. Wow. That's a lot of stupid.

  14. 23:08 This video contains a year's worth of a proper macroeconomics degree.

  15. Loves this mike

  16. @VantageConstruction

    cant bonds be bought with dollars created through credit ?

  17. Mike did you get new ring?

  18. Mike, while you're in New York, don't forget to see Uncle Bobby, he's a nice guy.

  19. Mike, I hear the monetarists talk about the government having to pay back the interest on the money that it borrows from the federal reserve bank. Can you explain this in the context of MMT, I don’t get it.

    • The government doesn't borrow from the Fed. Fed is prohibited from buying government securities directly from the Treasury. And yes, Treasury pays interest on securities. Fed pays interest on bank reserves. What you said about monetarists saying this or that is nonsense.

    • Thanks Mike@@mikeydoggy

  20. I have always liked Santelli. He calls Liesman on a lot of crap. And invented the tea party. I probably watch more bloomberg when tom keene is not on.

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