by Summary:
Watch what happens to gold next year as the Fed “tightens.”
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Watch what happens to gold next year as the Fed “tightens.”
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00
John Quiggin writes Monday Message Board
Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow
Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten
| Watch what happens to gold next year as the Fed “tightens.” |
I really doubt the fed will hike
Mike's new t-shirt —> "Fcuk Plan B Go MMT", that's my guess we can't see the bottom of the t-shirt, i heard he sent this t-shirt to Peter Schiff & Jim Rodgers for Christmas jk….. 😅🤣😂
The last part of his shirt statement "just make plan A work"… but I like your t-shirt saying better! 😉
Great work as always Mike!
Looking forward to the next MMT Report! Hoorah
Don’t low interest rates cause real estate to go up?
Usually yes
Seems like BitCoin is the 'new store of value'. Gold is too manipulated with derivative play, etc. Other than this fly in the ointment, I think you nailed it again, Mike. Great vid.
Number go up. Now I know why ❤️❤️❤️
Good market, men blood bath all over the place except. 3 stocks artificially propping this market. How many trillions can u pump into apple? And, they will never rase interest rates, that will create Mad Max!
Turkey is not raising rate they are cutting them and inflation is going through roof so cut the bullshit
How does Mike know what all the central banks and others not know? No offense, Mike…but all the Fed policy makers do not understand that raising rates stokes inflation?
I personally don’t believe the Fed will ever embark on raising rates. They will talk it up but won’t actually do it.
God Blesss Mike.
The 1st recession was early 1980. The 2nd recession was 1981-1982, not 1983.
I am patiently waiting for gold to go up even more.
Gold is real money, the rest is currencies backed by what? So when too much debts around then who wants to respect currencies unless backed by gold. All assets were bought used currencies that were not backed by gold. This may push world to reexamine the way currencies be backed. Hence gold sure goes up.
I don't think that is the case.
If there is inflation due to shocks in supply chain issues and reopenings, they will raise rates, this shocks will dissapear because they are transitory and inflation will go down.
They will not raise interest that much anyway.
Love the shirt.
Wait if tapper and raising rates was good for stocks why did they went south in the end of 2018m
You need to create a demand shock(as you said in the last part) if you have a supply shock, to shift the equilibrium point, so the policy of central banks of raising interest is correct. You focus on the gov spending as the source of the money creation but I think the real money creation is done by the banks and you can see that in the H8. Yes, they are 'printing money' (by increasing the bank credit) and the data is right there in the H8 reports. Couple that with the low productivity generated by covid and you'll get inflation also in the consumer prices. The inflation in other assets like stocks and real estate is generated by the QE. Because it's easier for banks to give credit. It's less risky, it's cheaper with 0 interest rates, fed will buy it from them anyways(120bln/month) and they will get bailed out if something goes wrong. I also think gold will spike up in 2022, because of the panic generated by inflation in consumer prices, then it will quickly go sideways and possibly down, as the market will resume the greed for other productive assets(stocks, real estate).
Speculation is the cause of inflation.
The currency problems of Turkey or Brazil are caused by George Soros type speculators shorting the currencies of those two countries.
Raising interest rates and stopping speculation would stop inflation in its tracks.
Turkey has been dropping interest rates the past few months and it has caused a severe weakening of the lira against the US$.