Sunday , November 29 2020
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This should be obvious. We can’t all save and expect savings to grow.

Summary:
Paradox of thrift. My spending equates to someone else's income and savings. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman

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Paradox of thrift. My spending equates to someone else's income and savings. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman This should be obvious. We can't all save and expect savings to grow.
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.

13 comments

  1. No blue wave. Trump takes 2020 and the house with him.

    • I’d be shocked, but whatever. I don’t care. All the same.

    • Trunp wins and then democrats contest the election. That’s going to be a weight on the market if there’s no clear winner.

    • TheNull Hypothesis

      you folks need to learn to read and interpret polls. That's a long shot i would not bet on.
      I'm personally more interest in old flip-flopper telling everyone once again to buy the dip, then when that doesn't work after a couple of days to maybe having to sell because of….blah blah blah insert sorted nonsense here, rofl.
      If this clown showed you his actual trading account based on his calls you'd laugh your collective asses off.

    • @TheNull Hypothesis There is somewhere around $1.5b betting against Trump. There is rarely that much money in one direction being wrong. It doesn’t matter anyways imho.

  2. Mike, thanks for the education sir! I really appreciate it!

  3. Mike start spending on ABBV so that stock can get off its ass for me 🙂 I will save the winnings.

  4. Marxist Money Theory, boomer jackass olo

  5. Huh, will the Fed buy my mortgage @ 100 cents on the $ when I’m upside down 40%? Or should I just package it will a bunch of other bad loans first then sell? Asking for a friend thx

  6. Mike can you explain the new Bretton Wood agreement and how that affects MMT? Or just fluff.

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