by Summary:
Record year spending-wise, but a significant drop-off occurred in September, and that weakened stocks.
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Mike Norman considers the following as important:
This could be interesting, too:
Record year spending-wise, but a significant drop-off occurred in September, and that weakened stocks.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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| Record year spending-wise, but a significant drop-off occurred in September, and that weakened stocks. |
Fabricated economy coming home to roost just like I've been saying all along.
Now back to my frustrated and miserable life watching cartoons.
Consumer spending and fiscal spending are both part of capitalism. That's not "fabricated" or else you could say that everything about capitalism is fabricated by society. You think money grows on trees? Banks create loans, within legal guidelines and rules. Govt creates spending within legal guidelines and rules.
The Internet was created by Government too, I mean by govt-funded science and military projects.
Mother Nature grows plants and animals but even those are fabricated by Man and science.
Mike…small caps have been getting decimated since February… I'm so sick of hearing about other indices being at all time highs while most small caps are at 52 week lows.
Mostly regional banks they suffer from yields
Good calls throughout most of the year – tnx, Mike!
Total theft you mean of a govt allocating capital where the free market didn't choose for it to be. We should all pull every dollar out of the banks, that would for sure break this immoral system…your dollars are being used by the govt out of the banks…it's how treasuries work ..sure there is no money printing…but it is wealth redistribution of idle capital the govt has no business in touching. Sooner or later a continuation of politics is going to be needed to stop this.
bonds up stocks down.
We already have a very cheap drug for covid which is more effective. Search for the following websites.
Ivmmeta
covid19criticalcare
Rob Peter , pay Paul
I get it Mike that fiscal spending is a surplus for the private sector, but do you believe this is the solution? Practically speaking, they'd have to increase the surplus YoY in order to support inflation. Your thoughts?
The pill is a joke.. the vaccine stops the virus by 99.99% but the pill gets just 50%? Crazy..
I think so too, stocks going lower.
Hey half the comments are missing. WTF
Normans the best in the market!!.
Great job Mike! Looking forward to Monday's MMT Report for sure!
Next week will be interesting.
Enjoy your weekend Mike!
If we rally next week on news again, l'm betting on a violent drop if fiscal remains the same.
Join our team!!! Mike rocks!!! HOORAH!!
love you telling the truth about government spending and markets reacting to it ?
Thanks, Mike. ?
Ended the year with 10 day avg spending the lowest since End oct20, if we strip out Jan’s one day anomaly
And Fed balance sheet contracted the most since Jul20