by Summary:
It's a rough estimate, but I have a number that gives you an idea of the impact of war, sanctions, and the Fed, so far.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
It's a rough estimate, but I have a number that gives you an idea of the impact of war, sanctions, and the Fed, so far.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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| It's a rough estimate, but I have a number that gives you an idea of the impact of war, sanctions, and the Fed, so far. |
So glad to see you back again Mike.
Counterpunch🤕 I forgot to get out of the way.
I generally agree with you Mike… It's not a bear market… It's a grizzly bear market! lol! Big difference those little brown bears and black bears just eat berries, insects and love honey! hahahaha But Grizzly Bears another story! > https://youtu.be/alR7NLDyPig
Just for sake of conversation… You might find it interesting to look at the FXI down 50% How is it possible Chinas large caps have declined 50% and they produce nearly 80% and the US large caps have a little hiccup? I think it's deeper….
Are we seeing China's year long FXI downturn finally pulling in Sensex and Russia through contagion?
@A Manzella Well China's downturn on the FXI can pretty much be compared to the GFC of 08 in many ways, we don't really know if Evergrande is over, recent lockdowns, the discovery of poor accounting practices, possible delistings… Although investing in China looks attractive the fact remains and recent discoveries by the SEC China could just be fleecing the USA as they always have.
@Frank Lanza all EM are fraud.
@A Manzella "The Big Casino" hahaha. Perhaps Chinas Evergrande is equal to or greater than the GFC of 08 it looks like it…. It's pretty difficult to know whats going on over there the transparency is non-existent. I actually shed a few tears for Charlie Munger the other night I guess he's doubled down on BABA 2x's.
@Frank Lanza EM is a debacle. Peru is in impeachment mode. Argentine government is in expropriation mode for any wealth gained from the increased grains prices. The recent oil bump boosted mediocre oil producers..
Smart analysis 👍 appreciate the quantifiable explanation
I wish the US and NATO would stay the heck out of it. War is horrible but the US and NATO are kicking a hornets nest. Great video as always Mike.
always awesome 🥰
I'm buying. IDGAF. If we get nuked it won't matter and my time horizon is 3 more decades.
With a leverage ratio at 3% meaning ~$5T (157/0.03), wouldn't a leverage ratio of 6% mean ~$2.5T (157/0.06). Isn't that less of a hit NOT more of a hit?
Exactly that's why he's bullish on the market as the potential hit most likely is more than factored in. See you around 9:30 comment.
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Great MMT Report today Mike!
Listening to Mike, the bottom is found, do whatever with it, but it all depends on the situation day to day from now on. This is my take.
Concerning the leverage ratio… If the denominator was .10 instead of .03 the result would be 1.57 trillion instead if 5.2 trillion. You and Matt have said you think the banks are closer to 10% than 3%. Correct me if I'm wrong please.
ggs good insights