by Summary:
Bank credit is booming. No way the economy craters with a credit expansion like this. No way. Stocks are a major, major bargain right now.
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Mike Norman considers the following as important:
This could be interesting, too:
Bank credit is booming. No way the economy craters with a credit expansion like this. No way. Stocks are a major, major bargain right now.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Bill Haskell writes From the Middle Out and Bottom Up
Joel Eissenberg writes The business model of modern universities
Bill Haskell writes The Economics of Killing Medicaid . . .
Angry Bear writes Healthcare in the United States
| Bank credit is booming. No way the economy craters with a credit expansion like this. No way. Stocks are a major, major bargain right now. |
You'd be crazy not to join MMT TRADER at this juncture if you want to be on the right side of the trade for the coming market environments. Join our team! Mike rocks! Just saying.
It seems like the Fed is going to raise rates until they break something.
The Fed members are hell bent on destroying the market after selling their personal shares
Thanks mike great to hear your view
“This is a setup for a major bull market” … oh jeez lol.
This is exactly the stuff you hear when the bull market is already over. So many people are in complete denial it’s crazy. If you studied stock market cycles you wouldn’t be surprised one bit for what has been going on.
Laughed at the title and didn't bother watching the video. It's clear Mike is a perma bull and will be shouting "buy the dip" whilst the floor crumbles beneath the feet. These gurus want the plebs to ride the crash all the way down and then turn around and tell them to have hold a long-term view i.e. 20-30 years lol
Peter Schiff about Mike Norman and Modern Monetary Theory. https://youtu.be/8ObTkJxityo
Spot on Mike. Its called the Business Cycle.
Mike, your good mood is infectious! Have a great weekend!
Loans scrambling to get ahead of raises
Sleep right…
There are great companies at good prices right now. Especially the ones that are loosing money right now. Oh you dont gave a positive cash flow today, -90%. There are alot of money to be made.
Banking index $BKX just dropped below its 2007 high, why is it Michael? If things are so great and banks are lending money like crazy, why are the bank stocks dropping?
Personal opinion: com/ind loan activity increase would normally be a bullish indicator. During this period it is not. Business is using available cash to extend leverage for near trem attainment of materials beacuase of future shortage/expense of those materials. Future demand is being pulled forward at a faster rate than before for the materials businesses need, creating more future shortage. We are now in wide spread protection mode, where we run closer to the divide of red and black in an effort to keep future losses to a minimum. The cushion of reserve cash is being compressed and default sits closer if liquidity of the system dries up. Hopefully I have know idea what I'm talking about and we are indeed near a bull run and not a sheer cliff.
Mike, how would you stop (get it back to 2%) inflation if you were the fed?
I think it would be a good video topic.
Once again… I will point some light on a topic.
The Books are cooked, well actually they are fake lol but even the fake books are cooked..
Current reserve currency is fucked.
the cycle has played. it was a fun run but now it's time to either pass the torch or come up with a way to keep it for another oh let's say 200 years..
So..
Here we are it's the godamn 4th quarter games almost over.
How do the current powers that be keep control?
You play Chess?
it's a good skill to have.
One thing you will notice with chess is that if your opponent has their pieces set in places that can lead to the same outcome then that is likely their objective.
Have you thought about the pieces in play and what it's pointing towards?
This is what I see.
Keeping Control is the obvious goal.
How do they do this? The current run of currency control is cooked.
Well Let's create this thing called Bitcoin and let the developer remain a mystery.. But the idea is the key "Inception"
Let's see if folks fancy said Idea and put money where their mouth is.
If it draws in enough acceptance then the wheels have been put into motion for the next step.
Create crisis after crisis, excuse to inflate sending everything to the Moon. stocks, crypto, prices "inflation".
put society into a Vice.
Then…. CRASH EVERYTHING! just crush everything. Everyone gets wrecked nowhere to hide.. Bonds, Commodity, "Derivative" Gold Silver ETC.. NOTHING is safe.. except those who where smart enough to invest in HARD ASSETS!!! These folks will be able to turn in these for.the newly introduced CURRENCY that will be CHECKMATED into your life as for it will unfortunately be a better situation then will find yourself in as everything implodes around you…
CHECK MATE DIGITAL DOLLAR AND ANOTHER 200 YEARS OF THE SAME BULLSHIT CYCLE.
✌
and actually if you are a chartest… this down turn… it was driven in compound by technicals as for we are all speculative at this point..
I have enough cash but afraid to put in the market
Mike, I've been following you for 4-5 years now and I admire your analyzes. You are in the right direction most of the time. Except for one thing I would like you to address. You have been bearish on the dollar for a very long time. When the dollar index was at 90-92, you were very bearish but that trade was definitely a failure. How do you analyze this failure considering the MMT-argument you used at that time (2018, 2019, 2020…) for being bearish? What was wrong?
No mean to be a troll pointing out a wrong trade but I believe we learn about our mistake more than our success. You still are one of the best out there. Nobody can't be 100% right.
Looks like April 25 2022 is a buy the dip opportunity, for bullish stocks
Keep dreaming my friend. The bull may be years away.