by Summary:
When you only understand or "see" one side of the dynamic you can easily get frightened. That sums up today's market action. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
When you only understand or "see" one side of the dynamic you can easily get frightened. That sums up today's market action. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Mike Norman writes Class
Mike Norman writes Episode 8 (S2) of the Smith Family Manga is now available — Bill Mitchell
Michael Hudson writes Beyond Surface Economics: The Case for Structural Reform
Nick Falvo writes Homelessness planning during COVID
| When you only understand or "see" one side of the dynamic you can easily get frightened. That sums up today's market action. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ |
Great work as always Mike!
Thanks Barry!
Dugan is not a philosopher. He’s a Fascist. Sorry about his daughter. He’s a Fascist.
Alles sehr schön. Aber zuerst zusammen die Nummern 10 und 1. Eine verwohn.online Brünette und eine anderez Blondine. Es wäre unfair, wenn ich 4 wählen würde
Was Michael Burry right Mike?
Don’t hold your breath for an answer.
Burry will be right eventually, but Michael Hartnett is the most accurate on Wall Street now. Dan Niles is also pretty good.
🙃 The yield curve looks good from here~ 😂😂😂😂😂🤣
We will rebound next week
Again, great in-depth analysis of the "other side"..thx Mike
The DXY is going through the roof… how does that usually affect stocks ? I know it affects Crypto and Forex… but what about stocks? Anyone could explain what's the relation here and could this be the main culprit of the deeper pullback?
dxy up stock drop
a strong DXY means earnings are worse for business. Conversion rates for trading physical items, etc, its typically bad for stocks. Usually it will affect commodities. But this cycle is different, the DXY and commodities are strenghtening together. That has never happened before in history. Im not sure what the implications of this is. But nevertheless, my natural gas stocks is still going up a lot.
@Morgus thanks for the reply to you and the other person.
I agree, going back up to pull people in, before a bigger pullback.
thanks mike 👍
Mike, what do you make of M2 falling? How does that factor in here?
U can't make sense of this market because the market is not governed by people anymore, it is a giant ass computer that goes on and off buying and selling everything at the same time. It might be AI or just Powell pushing buttons red green, red green. This has become a casino. Make your bets please….
up this week down next week up this week down this week everythings rosy everythings not rosy what a croc
You didn’t buy the bottom when Mike told you?
Maybe you’re just wrong on the macroeconomics
Might be but let’s give it more than a few days lol
I wasn't surprised at all.
Fighting yesterdays battles?
"The crisis now unfolding, however, is entirely different to the 1970s in one crucial respect… The 1970s crisis was largely artificial. When all is said and done, the oil shock was nothing more than the emerging OPEC cartel asserting its newfound leverage following the peak of continental US oil production. There was no shortage of oil any more than the three-day-week had been caused by coal shortages. What they did, perhaps, give us a glimpse of was what might happen in the event that our economies depleted our fossil fuel reserves before we had found a more versatile and energy-dense alternative. . . . That system has been on the life-support of quantitative easing and near zero interest rates ever since. Indeed, so perilous a state has the system been in since 2008, it was essential that the people who claim to be our leaders avoid doing anything so foolish as to lockdown the economy or launch an undeclared economic war on one of the world’s biggest commodity exporters . . .
And this is why the crisis we are beginning to experience will make the 1970s look like a golden age of peace and tranquility. . . . The sad reality though, is that our leaders – at least within the western empire – have bought into a vision of the future which cannot work without some new and yet-to-be-discovered high-density energy source (which rules out all of the so-called green technologies whose main purpose is to concentrate relatively weak and diffuse energy sources). . . . Even as we struggle to reimagine the 1970s in an attempt to understand the current situation, the only people on Earth today who can even begin to imagine the economic and social horrors that await western populations are the survivors of the 1980s famine in Ethiopia, the hyperinflation in 1990s Zimbabwe, or, ironically, the Russians who survived the collapse of the Soviet Union."
https://consciousnessofsheep.co.uk/2022/07/01/bigger-than-you-can-imagine/
'Economists and Fed officials pushing for higher rates are seemingly oblivious to the fiscal impact of rate hikes. More govt interest payments to the economy. It's stimulus by any other name. Like "checks being sent out."'?
How much "More govt interest payments to the economy. "?
nice time to be ole king coal what ever happened to kol the etf?