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The futures (or forward) curve of any FX or commodity will show that rate hikes raise inflation and lower currency exchange value and vice-versa. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman
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The futures (or forward) curve of any FX or commodity will show that rate hikes raise inflation and lower currency exchange value and vice-versa. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman
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| The futures (or forward) curve of any FX or commodity will show that rate hikes raise inflation and lower currency exchange value and vice-versa. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman |
Russian currency goes down for almost always. Russia doesn't produce nothing but oil and metals.
Exchange rates have very little to do with what you produce.
@Michael Norman But if You import almost everything? If You go to any russian supermarket You will find out that 95% of any product is imported and not produced in Russia. So, You need USD to import and Your currency goes down. And if You look at graph of RUB You will see it.
And I am 100% agree with You that "Rate hike is bearish".
All very good points. Spot on.
Excellent vdo! You did the 'they're printing money' impersonation and I busted up. I'm still laughing
Happy Friday Mike! Great info here man.
Also Mike, we don't mind the ads! Keep em comin, I just let them play. Your channel is so underrated in the space and we need you to stick around for a long time.
Truly enjoyed you sharing your trading experience in your last podcast!
Norman’s the best! I’m a much better trader since I’ve been watch his videos. I never realized that trading is similar to cage fighting but it’s true. You need to be mentally tough to buy stock when the market is down. That’s a skill that needs to be developed.
on today's show Mike Norman makes alist of crazy dooms day quacks with poor track records to avoid = Peter Schiff , Jim Rodgers , Marc Faber , Max Kesier , Greg Mannarino , Mike Maloney, Robert Kiyosaki, Jim Rickards
please add to list if u know of anymore i may have missed
Excellent call yesterday, coming from a master
Hi Mike, what about the interest rate differential ? you can get additionally paid for buying a currency with a higher interest rate.
Mike if you put that printing money line on a shirt I'll buy it ?
You couldn't trade forex if your life dependent on it. Buy rubble so you don't end up like Mosler who blew up his fund thinking Goft can print all they want.
TRY collapsed after they lowered rates trying out that MMT bullshit. You didn't learn anything then did you?
Could someone post up some examples to show what he is talking about is true? I feel that he's right, but I have no idea how to find this out for my self. For example, he was talking about the Russian ruble value and how one can check it on the CME website. Ive never used this site and I have no idea how to use it.