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Job report. I’m in Florida.

Summary:
May 15 and the debt ceiling.

Topics:
Mike Norman considers the following as important:

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May 15 and the debt ceiling.
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.

18 comments

  1. Thanks for the update Mike. Whilst you may not prefer the weather in Florida, you seem happy.

  2. What's more important? The number of banks that fell in 08 or the amount of money that was lost in 08?

  3. Thanks for the update

  4. Thanks Mike , maybe you will become a snowbird, in reverse!

  5. Jamie Dimon is not a genius. He is the faceplant behind those who are running Chase bank.

  6. Mike, don't be show off them pipes to all them Florida babes down there !! There wont be enough room on the plane for all them who want to come back home with you !!!

  7. totally agree with take on Jamie Diamond Hands. I wish the CEO's of all the companies i owned had his charisma. That's why I love UPS… Carol Tome is fantastic

  8. Mike sold the Camaro and bought a Cadillac so he could retire in Florida jk… great video 👍👍

  9. Barbara Wernig

    Possibly a criminal genius.

  10. It's not being the biggest exporter, it's exports per capita. Even UK is way above USA on exports per capita. That goes south plus austerity then rapid spiral downwards. The more rapid the better though as far as I am concerned. The GOP (and the other clowns across from them) need to learn the lesson once and for all. They are incapable of learning slowly over cycles, so at some point a massive collapse is probably what you need to get these mo'fo's to wake the f up and acknowledge MMT. It's "dunk that baby in the swimming pool" time sort of sh1t. Not gonna learn to swim by licking Jamie Dimond's boots.
    If there is a rapid collapse it's analogous to an alcohol or acetone fire. Low temperature, easy to extinguish, almost no harm done. The more rapid the better. Call it my Mosler prescription for massive fast Accelerationism, one-time. Maybe one week, and they then all bend the knee to Sir Mosler? (Hey, I can dream.)

  11. Mike, true or false: eliminating the "no overdraft" rule on the TGA would obviate the need to credit the TGA with securities sales and leave the debt ceiling moot for purposes of "raising cash" for federal spending? The TGA is simply an accounting anyway, in the final analysis, not a federal checking account.

  12. Many Republicans want chaos so the debt ceiling may not resolved. It isn't that they are stupid, they are just mean spirited and do not care.

  13. Flaaarrrweeedaahh! Have fun Mike ❤

  14. Punch_Bowl_Turd

    if moving to FL consider this. a friend of mine lives down there and he kinda confirmed this and said it depends. involves costs of INS and if you have to replace a roof after a hurricane and then some. https://www.youtube.com/watch?v=be5rCIPXF7U

  15. What part of Florida are you in where in St Petersburg we'd love to meet you you're wonderful

  16. Mike you've got to come to St Petersburg it's great we live on the little island when you look at the map it hangs off the east coast you have to come see us we would love to meet you you're wonderful and don't you ever think otherwise I love your show you always ask why am I doing this should I quit doing this no you should not your wonderful

  17. Are we in stagflation?

  18. Thanks Mike for the update as always. Swimming pool of money reminds me of Uncle Scrooge’s big warehouse to store $$.

    Anyway, hope you are doing well and looking forward to exciting and positive news on personal front as well. Take care.

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