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Gov't is basically running a balanced budget. That doesn't seem enough to keep an economic expansion going. Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/daily-treasury-statement/
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Mike Norman considers the following as important:
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Gov't is basically running a balanced budget. That doesn't seem enough to keep an economic expansion going. Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/daily-treasury-statement/
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Lars Pålsson Syll writes Cutting-edge macroeconomics …
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| Gov't is basically running a balanced budget. That doesn't seem enough to keep an economic expansion going. Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/daily-treasury-statement/ |
I agree Mike. The Olympic Pool is now a toddler wading bucket 🪣
😂
Google is up 8% after hours. The big tech is back. That's why the market's going up. You were buying while telling us to sell? LOL
Yeah wtf he said SELL THE RALLY. And he’s a net buyer?
@ukulayme2 All about time horizons. Personally I have long term bags and I have trading bags. Sometimes I am more or less doing opposite things with them.
Thanks, Mike! 🥰
Inflation is as hot as every. According to MMT the best way to deal with that is to tax it out of the economy. Why is taxing out the excess inflation out of the economy bad according to you when it could actually be a good thing.
@Tom S the reason there is a labor shortage is because private industry refused to pay fair wages. If you’re so upset about the labor shortage, don’t blame the people, blame the businesses. A truck driver can’t make money by the container, it needs to be hourly. People quit simply because they can’t make a living. Fix the condition and you’ll get you’re labor back. Your victim blaming right now
@ukulayme2 ok so, your answer is the government? Not victim blaming at all btw, just telling you how it is. Are you suggesting then the government outright subsidize wages? If that's the case that's a very inflationary policy as wage inflation is the stickiest kind and opens the door for price/wage spiral inflation. My only argument is this, the government is incapable of fixing most of the problems they think they can and when the interfere they just make it worse. I mean, all the inflation we have now is as a result of the government, for better or worse.
@Tom S false. Look at health care in social Democratic countries. This is an example of government being much better than “the free market”
@ukulayme2 you are conflating different things but since I'm Canadian I'm very aware of what socialized health care is and I will address it. Our system is "free" but that doesnt make it the best. Cancer cure rates in the US are better than in Canada. So yes, it's nice to know that we have universal free healthcare ( many things are not covered however or not completely covered…..dental, vision, medication, physio, etc.) but it's not the same quality as the US. Many Canadians that have the means go to the US for healthcare if they can afford it. Anecdotal story, my ex had a lump on her thyroid that needed to be biopsied and the wait in Canada was over a month so she went to the US and paid $1000 and got her test that day. That wasnt even an option here. You will never convince me that the government will do something better than the private sector and the competition it fosters. It may be cheaper because its paid for or subsidized by taxes but it will never be better.
https://worldpopulationreview.com/country-rankings/cancer-survival-rates-by-country
@ukulayme2 and look man, dont get me wrong, I'm not this right wing anti socialism guy but I understand the limitations of relying on the government to fix problems.
I'll join you in on this with a BTC short
Update: Glad I did.
The numbers are so large they've become meaningless since Imagine Draghi and Bernanke uttered "Whatever it takes". The economy is like Mr. Creosote in Monty Python's The Meaning of Life. He refuses a tiny wafer (rate hike) because he's so overstuffed that when he does finally eat it because of all the waiters pressuring him, he explodes. 5 wafer thin rate hikes = 1.25%.
That is one crazy son of a gun of a rebound. Almost to the top. Looks like we missed another huge correction and this chart is showing us a middle finger yet again. Big thaaaaank youuuuu!!!!
Almost to the top? Are you serious? When Mike turns bearish, normally it's time to close your shorts and be bullish, and when he flpflops and turns bullish again, start shorting again. That's how it works.
CNBC clowns , “it’s baked in”. sooner or later
bruh is not this guy who was laughing in 2006 that the house market will never go down?
Probably not, I would guess.
Clinton fiscal surplus caused greatly expanded pressure to borrow, and at that time Clinton & GOP passed several "reform" and "modernization" bills that took the banks off the leash when it came to insane levels of risk. Infinite risk in some perspective where eventual collapse was guaranteed.
How?
Private Debt levels rising exponentially, and not only accelerating, but the acceleration was accelerating .. while wages were flat.
That's what made the market seem sustainable, inflating house prices made TV shows possible like Flip This House.
For suckers, bc it was nearer to the tail vs the head.
THAT is unsustainable, household debt burdens and household spending accelerating.
NOT fiscal spending.
But you made me curious to look for some 2006 archives.
True that, check Schiff vs. Norman on YT.
Even after all that insane risk the tax payer bailed them out.
@R O Y G B I V yes, but not quite precisely: the Fed swapped junk bonds for good money i.e. bank reserves.
@dilbertgeg Gave those that were responsible a great chance to buy good assets and flush out those that were irresponsible.
Manchin runs as a Democrat from one of the poorest states in the union and votes against a very important bill from his president that would help his state more than most others. What a donkey.
Mike, what are your thoughts on companies reducing costs by investing in technology oppose to cutting the work force?
Drop in interest rate nominal prices is bad for banks? Bu they get the money from interest rates no? Doesn’t that improve profitability?
Hi Mike, I wonder what kind of companies its alright to go short on, after the rallies. Shorts are difficult, cause the markets tend to go up in general, and most of the good opportunities like zoom and spacs are already in the pit.. Good day
Hi Mike, what are your thoughts on US cannabis stocks( msos)… ?
I could have swore in previous videos he said raising rates is inflationary. So how come now, the angle is, raising rates is a debt burden on the people & bearish for asset prices?
We are dealing with multiple variables, the most important of which, for me, is fiscal. A slowing economy and rising debt burdens. Not a good combo.