by Summary:
Fiscal flows are strong. IRS tax refunds are starting to go out. February is a strong fiscal month and market will ultimately reflect this.
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Mike Norman considers the following as important:
This could be interesting, too:
Fiscal flows are strong. IRS tax refunds are starting to go out. February is a strong fiscal month and market will ultimately reflect this.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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| Fiscal flows are strong. IRS tax refunds are starting to go out. February is a strong fiscal month and market will ultimately reflect this. |
Thanks Mike for your input but I think all the MMT goes out the window with the war looming and uncertainty. Until there is some resolution I think we are still in a bad cycle perhaps?
I don't think it "goes out the window." A fiscal response would cushion the impact. But MMT also explains that a lack of oil, gasoline, real resources, is a constraint on the economy regardless of what causes it. In other words, MMT explains what is happening very clearly.
Thanks for the info
And how do you know Michael Norman??
It's going down bigger than u think. The wealth transfer is done, the big guys sold out, and are now buying real assets, and inflation is a big elephant in the room. The money is gone cuz it was never there in the first place, it was all margin at 1 to 3 ratio. It will be bleeding till Bitcoin hits level $25000. Its current price is the indicator of still too much funny money to drain in the market. Could take a year to bleed out without the war panic helping.
"The money is gone bc it was never there in the first place"
I assume you mean legit "Growth Stocks" in tech, but some with over-extended P/E.
Yes? No?
P.S. the nooz and politicians are naturally blaming Biden, bc he's in office now, for extending expanded unemployment checks, but (not to lay "blame") Trump pushed $7.8 Tn deficit in only 4 years. Plus I think you add PPP "loans" as additional spending.
I hear a lot of PPP money went to circulate in the hood to buy fancy stuff, probably buy exotic guns w full auto, and that one case Jasmine Martinez used her PPP money to hire a hitman to kill some "ho" (young mother, TSA agent, age 24) who had dated Jasmine's ex-boyfriend.
That's not really "infrastructure spending".
I think that all went out BEFORE Biden took office.
4ffuoz
https://www.youtube.com/playlist?list=PLUgaESJcoS1AbePnjzQ1nJbnC9sJl4YtC
$THO $PYPL $CAT
Love it! 💫✅🥰
Taiwan probably coming up next.
The people in Ukraine are getting ready to fight.
Putin is a POS, as Trump is.
It’s not peace keepers, if he wanted to invade the whole of Ukraine this is his plan
1. Say that pro-Russian areas are independent. So ignoring international law
2. Send in peacekeepers
3 send in the army at the invitation of the so called independent rebel states
4. Stage a false flag attack on Russian troops
5. Attacks the rest of the Ukrainian
In between 2 and 3 at the moment and moving fast.
So the question now is how to hedge if you are long on stocks
could the FED delay the hike and use Ukraine as an excuse?
MIKE YOUR THE MAN NO ONE COULD TOUCH. THANKS FOR THE INFO. GOD BLESS
Dollar seems weak considering the sell off
Hey Mike, like your content but looks like you and I were 100% wrong on Russia escalating. Russia is doing a full on invasion.
Looks like war. 4212 taken out. War declared
Keep screaming rally till we hit rock bottom
You were saying?
@PhiladelphiYAHH&Smyrna Yeshiba When this video was uploaded the sp500 was at exactly the same point as now (4265-70). So no we have not rallied yet. Furthermore, in the beginning of the month Michael was saying that the market would be rallying because the flows would be positive blah blah bla. It is lower. Within the next months it will go lower, he will be screaming "rally" and whenever there is a daily upward turn albeit at lower or similar levels compared to the previous day's you will be thinking that it rallied.
Ps. I won't even comment on his comment that Putin is scared. This would be laughable if the situation was not tragic.
@George Bouzas I'm looking at my portfolio. My portfolio is probably outperforming the market likely the same for others who understand mmt and how the knowledge can be used to be a more effective trader.
Nope… Another -3% right now.
And up over 3% at the close in my portfolio. More than a 6 point swing. You mock when you lack understanding and patience.
@PhiladelphiYAHH&Smyrna Yeshiba I don't mock. Sorry for the misunderstanding.
Only took 8 hours… Lol… Russia going in. Oil up 10%…
Your Russian Peacekeepers are in the Ukraine now keeping the peace Mike.
Destroying the Ukrainian military. Could let it exist as a potential asset for NATO. Russia's security concerns were reasonable IMO. The US thought otherwise and was seeking unlimited expansion east, with the goal to incorporate all former Soviet states. U.S. and NATO aggression. Too late now.
@Mike Norman MMT Economics NATO until very recently started to believe it could have Russia as a strategic ally. NATO is a defensive organisation set up to keep the peace in Europe. Nato does not want war with Russia. This is evident as its been run down and neglected over the years. Putin is a patriotic nationalist who believes in a greater Russia and wishes to restore its empire. The Russian people are even subjugated to this tyrant and his maniacal paranoid belief system.
@Mike Norman MMT Economics Putin in his speech after the annexation of Crimea referred to Kyiv as Russias mother city. He has always had designs on the Ukraine and has simply manufactured events to use as an excuse to take it back.
Your Russian peace keepers are in the Ukraine keeping the peace Mike.
You called it perfectly Again ! Great Job !
Thanks, buddy!