by Summary:
Biden says he has an agreement on an infrastructure deal. How big and will it pass? Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Biden says he has an agreement on an infrastructure deal. How big and will it pass? Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Moving forward
Dean Baker writes Health insurance killing: Economics does have something to say
NewDealdemocrat writes Retail Real Sales
Angry Bear writes Planned Tariffs, An Economy Argument with Political Implications
| Biden says he has an agreement on an infrastructure deal. How big and will it pass? Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ |
Garbage deal.
democrats are the absolute worst. they keep saying the filibuster is racist against lack people & is systemically racist and whatever else, but when asked how so and confronted on their own use of it, they cant give any coherent answer or answer a question that wasn't asked. i hope the normies are seeing how bIacks are their pawns for their own destructive agenda. imo we have a systemically democrat problem. i am in noway loving the repubes so dont get any ideas.
$70B a year of infrastructure spending lol… This is less than Apple alone will spend on share buybacks this year ($90B)
Mike, you are too notch! If you ever come to Niagara Falls Canada…come over for a drink or ten!
It started out as 6Trillion. And has been cut over and over. I doubt this "infrastructure" bill will pass due 100% to the bill not actually being about infrastructure and infrastructure only, but rather a whole bunch of provisions, and a little infrastructure. Why not just pass a Bill for highways, airports, bridges, broadband, a better grid system, etc? We have no "bullet trains" in this country, yet other parts of the world have been using them for decades.
Anyone in congress ever consider something simple and straightforward for once?
For the past 2 years, 6/30 (or 6/29) has been an important fiscal date for flows. Wonder what 2021 has in store for us come this date.
The daily volume in the ongoing overnight reverse repos is about to catch up to SOFR volume as reported by the Fed.
Wonder what happens when it surpasses it?
One somewhat discarded market metric is the waning OI of ED futures. Each quarter, the new front month contract has rolled to a contract with less OI than the previous one. This "de leveraging" started towards the beginning of the year and has only gotten worse.
The same thing is true of VIX futures.
It's no wonder CME is coming out with all these micro futures. They need to replace all the fees from the single largest product they have which is losing interest. Eurodollar futures and options.
Something else worth noting is the fact JPM left the tri party repo clearing business, leaving just BY Mellon as the only central counter-party.
Something seems fishy.
Don't worry, Biden doesn't know the details either. Big democrat bailout!
Filibuster has to be attached to an infrastructure deal? If you don't see this I'm sorry but your an idiot. ( not you Mike, just in general) This is not a real administration.
06:06 U.S. can never be a third world country unless it leaves NATO. It's a very misunderstood term that is perpetuated. First world countries are NATO aligned. Second world are former Soviet Bloc countries, and third world are those aligned with neither. Has nothing to do with economics. It's just coincidental that many third world countries are economically challenged. Maybe that where this came from, I don't know. Austria, Finland, Ireland, Cyrprus, Switzerland, Vatican City, ..these are all third world countries
Not enough
Will they pay top dollar for the steel? Why not do this during an economic downturn when commodities are cheap?
When the military ('defense') budget is above scrutiny and always supported with bi-partisanship, it might not be 'fiscal fraud'. It might be the indicator that America is actually a military dictatorship.
2:54 Ruh Roh
The bullish sentiment was not high yesterday because algos were buying. That's what I was told.
S&P 500 going to 5000 points and Nasdaq to 20000 points