Sunday , May 5 2024
Home / Video / Oil tumbled. I warned that producers were selling.

Oil tumbled. I warned that producers were selling.

Summary:
Don’t fade the producers.

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Don’t fade the producers.
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.

13 comments

  1. We are getting too close to the 15th of October for the next tax drain. Just the Russell looks like it wants to go to 150 to 160.

  2. MMT is peak insanity.
    I would much rather have the money in our pockets.
    Now if the government could actually distribute funds efficiently and equitably, then maybe there could be an argument in that utopian world. But in the real world, it all goes to the 1/2 of one percent.

  3. Yer I remember you saying about oil. good call

  4. The commodity speculation needs to be limited

  5. My problem with the system is bad actors and slackers who don't pay back what they borrowed will weaken america and bad examples like Trump should be prosecuted. Please stop the bailouts, there is a bankruptcy court system for failures.

  6. Long Live Ukraine.

  7. Great work as always Mike!

  8. Great video. If people ever catch on to the truth about MMT we can finally move forward.

    Hey where do you go to see that fiscal flow information?

  9. 7 200 000 000/day in 2023 = 31,000/year (family of 4) = median income in US = books reconcile *national debt clock the clock was behind by 2 000 000 000 000, just updated. Fast market

  10. Viva Venezuela!

  11. Central banks aren't raising rates. People selling your worthless usts is what raises rates in the US. No one wants to hold a hind yiepding less than inflation. Ignore the Fed except for intraday moves

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