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As the US exports record amounts of petroleum and natural gas, the dollar's bull run may be only beginning. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/
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As the US exports record amounts of petroleum and natural gas, the dollar's bull run may be only beginning. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/
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Mike Norman considers the following as important:
This could be interesting, too:
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| As the US exports record amounts of petroleum and natural gas, the dollar's bull run may be only beginning. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ |
The low hanging fruit is starting to fall right into my bushel basket
Other than the EU who is buying U.S. crude?
Great information very informative
Oil off to Europe to offset Russian sanctions. Europe is doomed.
Where is Gonzalo Lira?
Nice analysis cheers Mike
Are you worried about the dedollarisation ? Wouldn’t that make Americans poorer overall in the long run ?
He's spoken about this many times. He predicted the weaponization of the dollar, and how it would lead to its decline. Timing wasn't perfect, as it's strengthened since, but timing is always difficult.
@Cryptonite Clark how does one play this ? Buy gold ?
So is this going to make the dollar stronger or weaker? Relative to both foreign currencies and domestic goods, services and assets?
Investors are max invested and max bearish – cognitive dissonance when hold but don't want to but don't know what else to do because you have so much paper money and everyone's all in. US government has a $10bn/day hole up from $5bn pre pandemic….Bloody hell
Great work Mike!
Mike, I've been following you for 4-5 years now and I admire your analyzes. You are in the right direction most of the time. Except for one thing I would like you to address. You have been bearish on the dollar for a very long time. When the dollar index was at 90-92, you were very bearish but that trade was definitely a failure. How do you analyze this failure considering the MMT-argument you used at that time (2018, 2019, 2020…) for being bearish? What was wrong?
No mean to be a troll pointing out a wrong trade but I believe we learn about our mistake more than our success. You still are one of the best out there. Nobody can't be 100% right.
I'm sorry to say, but I doubt you'll get an answer to your question. I feel exactly the same as you – I love Mike's understanding of economics, which I find enlightening, as it has removed a lot of confusion that I've had for years. I never miss a video, and would say I'm a fan! His problem is that he doesn't engage with his followers. This is why he only has 6k followers, instead of 60k+. He repeats the same thing in multiple videos, even though his followers are giving him direction by the questions they ask in the comments. It's a shame – he has the potential to change so many peoples' view of economics, and to be a figurehead for MMT, but he's kind of squandering it.
I mean, at the end of the day: that is the rational thing to do. The fact that people keep anything other than maybe a few weeks of slush fund surplus in other countries currencies is really fucking stupid for those countries to do. In the long term: for every dollars worth of goods and services being bought from other countries, they should be buying another dollars worth of service back. To not immediately do so is to let your real labor time claim that the dollar represents to fall with inflation. Whether low or high, any and all inflation is just a prompt to force the spending of that dollar on either consumption or investment, so why not have an ongoing list of directives for the investment of surplus reserves back into the home country for its capital?
14:36 According to the AAII report, I think more people need to get off the fence of being "neutral" and commit to being bearish before there's a major move down. Having said that, BTC looks bearish to me.
9:30 If countries are selling their dollars for US oil, why would that put the dollar into a "secular bull trend"?