by Summary:
For the first time in perhaps 5 years, the current deficit is below the prior year. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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For the first time in perhaps 5 years, the current deficit is below the prior year. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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Mike Norman considers the following as important:
This could be interesting, too:
Matias Vernengo writes Milei’s Psycho Shock Therapy
Bill Haskell writes Population Growth Outcomes
Robert Vienneau writes Books After Marx
Joel Eissenberg writes Undocumented labor: solutions, not scapegoating
| For the first time in perhaps 5 years, the current deficit is below the prior year. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ |
I think the deficit YoY dip is temporary because tax day was delayed last year so after July 15th when taxes YoY come back down, the deficit will shoot back up.
ah mike you have to admit that you were wrong on usd ,usd index might go sky from here
Doubt it
Mike do you think it figures into the great reset I hear Black Rock is buying up a lot of properties single homes might be out of reach.
Oh yeah!!!
They'll be coming for all the other people's homes to when they can't afford to keep them
Mike beginning to hedge his stance on the situation.
Its called he did this to shut the speculators up
As long as its not used to buy back stocks
The claimes and the jobs lost at marathon oil 2k layoff justify a jobs guarantee program
I accidentally sold calls instead of puts on the major indices yesterday. Decided to just let it ride, justifying my decision as a bet against my own judgement and it seems to be working out so far!
F*cking Bullard. He has no say in policy, his opinion doesn't matter. But investors got spooked, just shows how stupid most investors are.
If I give you a few Dogecoins…. maybe you can take me for a 18 hour Grand Canyon hike !
So Mike, at what level does the S&P500 bottom? You speak in vague terms most of the time.
Typical stock predictor.
Bank stocks seem to be getting sold even though they’re getting more free money from the fed. Could the SLR stuff impact bank earnings significantly?
if rates are up why NDX outperforms R2000
END the Fed!
They should be put up against the wall
Shrinking deficit… when where have we seen that before and what were the consequences? ? Oh yes I think it began with Bush -no new taxes? what a dick! And then Clinton Uhmmm balanced the budget or something like followed by a recession and oh yeah the.com bubble burst. I hope and pray that more stimulus is not their solution. But there’s not enough incentive. With the cost of living these days we should be at least 20 bucks an hour in California. And I think business owners know that but change is uncomfortable right? MMT suggests this is where the government can come in and be the price setter. Please forgo the politics of passing a minimum wage law.
mike is the man!
All you need to know is that you need to buy Gamestop and AMC to hedge against the market fall fellow ape!!!
It sounds like a small tax with the ioer rate which affects like the fed interest rates pulls money out of the economy
Mike, can you do you next report in paperback? I have run out of toilet paper. By the way, do you still do these videos from Mommys basement?
I don't believe additional toilet paper will help in your situation. Have you tried consulting a Gynecologist?
Great work Mike!!! Looking forward to Monday's MMT Report!!!
So if we don't get another stimulus package the market will continue to sell off.