by Summary:
Hysterical insanity surrounding these stupid tariffs. There’s only two things that matter. 
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Hysterical insanity surrounding these stupid tariffs. There’s only two things that matter. 
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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| Hysterical insanity surrounding these stupid tariffs. There’s only two things that matter.  |
Sell in may and go away, I don't think any bounce will hold, we might get a nice pop in the next week/2 weeks but ultimately we will reach nasdaq at 18700 by end of may
I believe the tariffs will have a huge effect on people called inflation. This will reverberate across the economy. I can’t fathom what you’re thinking. It’s an immediate tax. The only thing is if trump makes more deals with other countries he may lift them. He did for the automakers with Canada. But I’m not holding my breath. I do see companies revenues climbing which will be good for the stock market just like last time.
It has to be done slowly with government insentives. Trump does not know what he is doing.
How is this going to work when you're the global reserve currency? Other than consumers, the next greatest product of Merica is the dollar.
It could increase dedollarisation, but this would take many decades and tariffs can be reversed once a less insane person in in the whitehouse. Trump is a bully but the US hegemonic power and strength of the $ gives him the power to be an effective one for some time.
We are cooked😂
It's amazing to consider that tariffs were the only form of taxation used for many years after the founding of the U.S. Washington himself put his money where his mouth was by traveling to Connecticut to buy a suit "made in the U.S.A." for his inauguration. I'm guessing that MAGA hats are not made domestically (although I could be wrong, of course)…
What’s the appeal of the foreign sector net spending?
USA has a complex supply chain. Parts are made o/s imported, then value added to be assembled o/s and re-imported. In otherwords tariffs can be multiplicative in their effect…along with administrative costs and effects. We will have see to see what actually happens.
You're deluded about the bond trade! You called it months too early. If you'd actually interacted with your comments you would have seen me questioning it, using your own methodology.
Liquidation day is upon us
How does increasing the cost of imported goods 'liberate' you? It just means all the cheap stuff you used to have in your shops will be more expensive. And if the Chinese decide to put tariffs on US exports to their country, what then? China has a far bigger market than the USA. You have over a billion potential customers in China and you're going to poke them in the eye? Good luck with that Einstein.
It will cost us to bring back manufacturing. It can not reduce inflation and build up infrastructure.
❤
What is the point of "leasing out" gold? Who rents gold and for what purpose?
Trump will be soft on tariffs. S&P will temporarily spike and gold gets crushed. Then back to the recession beginning.
6100 long and 5600 short lmao
People are hysterical because this is gonna fuck over poor people the hardest when basic everyday items get more expensive.
Yes, it lowers living standards, at least until the point where domestic substitutes become available, if that happens.
@@mikeydoggy what u saying here is that trump obviously operates under fallacious assumption that market will clear. it is fallacious because as u and mosler point out that it discounts savings desires. that is always the case because why would you risk market clearance if it happens in undefined future: year, 5 years, 2 decades? u need to pay your debts now and to top it trump is reducing net financial assets (if he is not lying) without new investments. if he says payroll taxes are going to be cut in exact or similar proportion then all of this is moot, but that is NOT the case.
I hear you stating how the buildup of reserves in the banking creates a crisis for banking especially if the debt is not opened. What I don’t understand is what are the consequences for the banks. Is it the insurance the bank has to pay, is it the capitalization in relation to the amount of funds held? What is it?
By the way Mike, love your work. I’m a big MMT advocate. Keep it up!
Wtf? You watchin this after hours Mike?
Great video