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No sustained market rally until the Debt ceiling is raised.

Summary:
We’re in an unnecessarily bad situation. 

Topics:
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We’re in an unnecessarily bad situation. 
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.

27 comments

  1. @frankperrott6048

    Sounds like opportunity is knocking. Buy the debt ceiling raise. For now have patience

  2. Birdcage economy

  3. Thanks for the updates, Mike.

  4. Is Scott Kenneth Homer Bessent “Horse Face”?

  5. The rich swallow up all the assets, so there's no point in looking at spending because it doesn't trickle down.

  6. The more spending there is, the more the rich get richer and buy up all the houses and every other yield-earning asset

  7. Mike, it's more like the market will sustain once the new financial system is in place. Bookmark this …

    • Why would the US purposely give up a position of advantage? *I just read Trump is getting his face on printed 100 dollar bills so I would say no changes to the system.

  8. I like black people

  9. @cryptoniteclark

    Sigh, if you hadn't ignored my comments to your last few videos, maybe you would have arrived at this conclusion sooner, instead of pushing the misleading thesis that reserves could "work through the system". Very frustrating, just like when you ignored my questions when you called the bottom in 10-year bonds way too early. Also, you've never explained why buying treasuries with reserves "capitalizes" them. Is it because dollars theoretically have an inflation risk, which is mitigated by bond yield?

    • Well said, mike just likes listening to himself.

    • @cryptoniteclark

      @ Exactly. He has never understood that engaging with the community, and letting it guide him, is how other channels grow so quickly. The only people he responds to are haters, and then he gets emotional and defensive, and repeats the same old stuff he's said so many times before. It's a shame, because he's brilliant in other ways.

  10. you mean until trumpo is gone from power and santiy goes back to the white house like a democratic president.

  11. We need more tarrifs

  12. I'm always amazed at how many excuses republicans make when they are in office and the economy goes to shit, then a Dem gets in cleans it up, then a republican comes back and it goes right back to shit.

    Just admit, republicans are terrible for the economy…..bush, bush 2, trump vs Clinton, Obama, Biden ….facts are facts

  13. Thank you for taking time to share these words of wisdom

  14. Mike, I respect you because you’re a voice of reason. I see these boomers everywhere talking about trump this, trump that…they’ve spent 60 years on this planet and they’re still dumb as bricks…mind blowing…

  15. @thisisyourcaptainspeaking2259

    Am I wrong, the Fed has been lowering rates as inflation increased?
    "Fed Started Rate Cuts at the Low Point 6 Months Ago, just as Inflation Began to Resurge"

  16. Would you buy in this messy tape?

  17. @edwardhardy3469

    Mike, do you think Trump understands MMT?

  18. Hi Mike, I want to say, Jesus Bless you, God Bless you. I would like to be able to watch your videos, but am prevented by your cursing. It poisons the listener and the speaker. It's a curse. So I bless you, for Jesus said "bless those who curse" and I wish you'd be able to eliminate the cursing from your speaking 🙂 and instead bless.

    – Andrey

  19. And also, dear Mike, I want to add that when degrading the dignity of another human being by referencing to them by a characteristic of an animal based on their appearance, it degrades the footing of the one doing so and degrades the passive listener also, and I wish your footing to not be erroded, nor us your listeners to be degraded by ingesting such words. Thank you and God Bless you and your family.

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