by Summary:
NO ONE is bullish. It's all doom and gloom. When the economy remains resilient and stocks fly higher, I will be breaking out the popcorn and taking it all in.
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Mike Norman considers the following as important:
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NO ONE is bullish. It's all doom and gloom. When the economy remains resilient and stocks fly higher, I will be breaking out the popcorn and taking it all in.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Mike Norman writes Class
Mike Norman writes Episode 8 (S2) of the Smith Family Manga is now available — Bill Mitchell
Michael Hudson writes Beyond Surface Economics: The Case for Structural Reform
Nick Falvo writes Homelessness planning during COVID
| NO ONE is bullish. It's all doom and gloom. When the economy remains resilient and stocks fly higher, I will be breaking out the popcorn and taking it all in. |
Always great insight! Was curious too about the used car market. Cheers.
I hope you are right Mike.
Mike, QT starting in early May. Do you think it'll be felt in the markets?
(QE certainly had a meaningful effect)
Thanks for the uploads
I see a bull run towards September.
Great MMT Report today Mike! ….
…What's in your inbox?
Nobody works as hard as Mike keeping his team informed! Join us! Hoorah!
Could the consumer loan decrease be people getting tax refunds and paying down debt?
10:30 They will be bringing us buckets of money! Hoorah!
Biden has painted us into a corner. The only way to subdue inflation is to raise the federal funds rates above 9%. However, interest payments on the 30T of public debt would explode to $2.5T per year with 9% interest rates. 30 YR mortgage rates would go above 12%.
I remember when Paul Volker drove those rates up. Ronnie Ray Gun was paying back his donors with those rates. His Rich donors we're loving those treasury bonds then
I'll be bullish when the market is bullish
Man… Mike sure dropped the "It's transitory" stance.