Tuesday , May 7 2024
Home / Video / Look out. The monetarist zombies have yet to cover their shorts.

Look out. The monetarist zombies have yet to cover their shorts.

Summary:
We’re in the early stages of a major change in market psychology that will produce a large advance. 

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Bill Haskell writes Promoting the General Welfare, The Supreme Court’s Version of Doing So

NewDealdemocrat writes For the second time in three months, the Household jobs Survey was recessionary

Angry Bear writes Medicare Payment Advisory Commission report to Congress Brief

Angry Bear writes Western “Values”

We’re in the early stages of a major change in market psychology that will produce a large advance. 
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.

19 comments

  1. it's pretty cool that you called the market turn with few days of accuracy. I was able to keep my long positions on thanks to your unwaving conviction and they did pay off. The money flow analysis obviously works very well.

  2. Eat,Laugh,andStupid

    you the man., Mike. Thank you…buy Mike's Treasury daily statement course…it is worth every penny…thanks again, Mike

  3. It's a gift to exist and with existence comes suffering. Be grateful for all of it. -S Colbert

  4. Home Youtube Channel

    U are awesome! Thank you for all your videos

  5. It’s illegal to collect unemployment when you are a striking union member

    • Mike Norman MMT Economics

      No one said they were collecting unemployment. I just said that it subtracted from the payroll numbers.

    • Wasn’t implying you did. My point of the comment “it is illegal to collect unemployment as a striking union member”is because the federal government doesn’t consider you unemployed. When you go to file a unemployment claim. A pre-screening question will ask, “Are you a striking union member” if you select “yes” your application is terminated therefore you won’t show up as a unemployed statistic

  6. Love the mental game talk, Mike!

    I can’t help but think about Peter Schiff when you mentioni the “monetarists.” LOL

  7. I just didn't get in (only 33% of the total) because I expected panic from FOMC and then it went up too fast.
    Markets are going to come to me (I expect a pullback next week, but don't care to wait until Nov 17) and then up until almost elections.

    • From Dusk To Dawn

      Not even Mikey boy understands the implications of how massive the deficit is. We are doing almost 2 trillion a year now! Think about what that means to anyone under 40

  8. What about gold?

  9. U said gold goes down last friday, this friday it's the dollar after a strong gold week.

    • Mike Norman MMT Economics

      All I can tell you is that producers have been shorting the gold market like crazy. I have not seen such aggressive shorting a long time.

  10. Mike changed the game for me. I was a confused fella before running into his teachings.

  11. What you’re saying is completely hypocritical. First, there has been no drop in the market! We are 7-8% from all time highs. Second, the move in the long end is completely manipulated. Third, when they do cut rates for YOUR demographic, my generation is going to forcefully take it from you.

  12. And I hope everyone knows that what Mike is professing is the collapse of our currency. With each rise in deficit flows social decay increases. Low interest are a slow cancer like what Mike teaches.

Leave a Reply

Your email address will not be published. Required fields are marked *