Sunday , April 28 2024
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Remember when they said QT would crash the economy?

Summary:
I told you not to worry.

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I told you not to worry.
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.

20 comments

  1. @eatlaughandstupid4430

    back to back! Thank you , Mike!

  2. That echo. I listened to it like you're an Angel on my shoulder.

  3. @dannywindham3295

    Mike, would it be possible?
    That you could talk to John Stewart and get him to stop saying taxpayer dollars. He's supposed to be a progressive but his taxpayer dollar nonsense he's killing the progressive economics, Thanks Mike

  4. Sorry Mike, but I don't get it. Net flow for this fiscal is $399b. That's an average of only $5b per business day. The net flow for this month so far is around $5b. These are the lowest levels for all the time I've been following you, including quite a while before the pandemic. Surely, markets shouldn't be pumping?

    • The deficit is only about 15 billion below this time last year. We’re still on track to have around 1.6 trillion deficit. That was enough last year to grow the economy at over 3%.

  5. Mike, I really hope you don't leave this channel. Maybe you could just do it once a week or maybe as you feel like it but to leave the channel I would miss your wisdom AND your personality

  6. You also said that the hiking rate will increase inflation. That was wrong

    • @TheRepublicOfUngeria

      It is an increased inflationary pressure from that specific mechanism in the equation, it's just that all of the other price pressures from all of the other mechanisms deflated it to ~3%.

  7. the financial truth 90% of all front men are salesmen and women, they dont care about reality and the real machinations of economics they only talk there book just like a politician.

  8. @homeyoutubechannel6609

    Appreciate the combo of your videos and your newsletter 🙏

  9. ❤😊

  10. @nicholasgomez2485

    ANG Traders are MMT informed.

  11. Good video Mike! have read Kelton's book. Great one source to explain everything. Great effort on your part trying to explain to people. I gave up- lol! Keep up the good work!

  12. ❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤👁

  13. Glad to have you back. It brings some sanity to my life. Thank you Mike.

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