by Summary:
The affliction of short-termism. 
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
The affliction of short-termism. 
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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| The affliction of short-termism.  |
MMT zombies 🧟♀️ should be buying every dip.
Been putting cash aside to buy this dip.
Transfer from the gvt to SOME very few in the economy. You said yourself this only makes sense when funds are used productively…if multiplier is shrinking, and funds flow to asset inflation, the benefit vs dollar destruction is marginal. You talk about investing yet there is only a few companies with good and growing profits… Plus the demand for stuff is set to deflate, according to your own boomer generation peak story…
So we (US consumers) are:
– consuming less, fewer families, fewer household formation, etc
– fewer consumers (people) on net is the trend,
– producing less
– have decreasing savings
– growing consumer debt
– yada yada
Here is your pitch today: go out and invest bc at least you are taking action…and… you know, the charts only go up. You may be right but that's not fundamentals investing… that's bubble riding… have fun, nit for me.
Social Security goes to millions of seniors keeping them out of poverty. It’s the largest line item of government expenditure and very beneficial. Come on man. Stop your whining.
Excess government transfers..
Bloomberg has no alternative, even Reuters couldn't beat him. Approximately 99% of all banks in the world use the Bloomberg terminal, trade bonds, currency, interbank transactions, etc. All hedge funds and similar companies, all use Bloomberg. This is the point.
Bloomberg is also dominant in academia, used heavily as a source of data because of their credibility. No one would trust that you collected the right data if you were to do it yourself and your paper would be worthless, not published, or marked as a fail. Whereas if you cite Bloomberg, all of a sudden your data is as high of a quality as it could be and no one questions it.
Net.
Government transfers thank you mike norman
👁❤
Thanks for the insights, Mike. My long-term investing matches what you are saying.
Were all MMT insiders, just stick with it.
I appreciate all the wisdom you share Mike. ❤
I will also add that Warren w/out understanding MMT rode the market all the way