by Summary:
We'll get September data next month (October) and that's when it will confirm what I have been telling you since early September. But those sellers will establish the bottom of this correction. 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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We'll get September data next month (October) and that's when it will confirm what I have been telling you since early September. But those sellers will establish the bottom of this correction. 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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Mike Norman considers the following as important:
This could be interesting, too:
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| We'll get September data next month (October) and that's when it will confirm what I have been telling you since early September. But those sellers will establish the bottom of this correction. 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 |
1st
I think the problem with Mr. Norman and he is not the only one, is that he is trying to understand an irrational market…..unless you do a good risk management, you will go crazy.
he has been spot on though, just very delayed. So it is true that he is way ahead of everybody else, the hard part is, predicting when it will happen. Nobody has perfect foresight.
@TheReaL Cool "he has been spot on though, just very delayed."
lmfao. That's like saying you're completely lost, but making good time. rofl.
It's the exact same thing as being wrong day in and day out, double-speaking everything in sight, then just claiming you were right regardless of what happens.
The ultimate in stupid thinking, which is all that is ever going on with Mike. A pointless endeavor.
@TheNull Hypothesis I have made money, not just small money. Listening to him, you can be the judge. I will keep listening to him. I also have a background in economics, post keynesian/mmt in fact.
Nice 36:14 ????
2:44 Beautiful ??love u??
Like your MMT analysis, however, I must say that your last 3 videos did not age very well…
lol ya think? lol. Give it another few days, a handful more flip and flops and reweighing of variables in the most disastrous undefined process to date and it'll either be right or brushed off as almost right or better yet just forgotten altogether.
How people think is just shameful but is indeed evidence of our lowly origins.
Don't get in the way of this market, it needs to go down.
Love the pod casts Mike. it's easily the best informative thing I listen to the entire week
Great Work Mike!
Thanks Mike. You are genuine. Always hear.
Interactive brokers sent a message to their clients increasing the margin requirements from 50 pct to 67 pct from end of September,so expect some forced margin liquidations in October
Australia RBA says AUD too high…needs downward pressure….so buying the USD will acheive that objective…
haven't heard of them saying they will buy USD. In my opinion the RBA is blind, it is the real value of the AUD. It is not overvalued. The appreciation was caused by that massive job keeper/job seeker stimulus. Our retail figures are very strong because of that. All the kids bought stuff and so did stay at home workers. Afterpay, Zip pay, JB Hifi, Wesfarmers are a reflection of that.
Still selling USD?
Yes. Why? Because it rallied a little I'm supposed to stop selling it? You want me to sell it low, like you would do? I am a master. You are a slave. Read Nietzsche.
@Michael Norman Just asking. Don't need to be so condescending and insulting. I am also selling dollar and buying gold.
@Cédric Schwartzler Yes. I'm selling.
I have studied MMT for 4 years. I agree with 99% of MMT, but the idea that higher rates are stimulus is RIGHT ceteris peribus, but it is WRONG in reality. After 40 years of Fed puts and multiple expansion in the stock market, if interest rates are raised, APPL would be trading at 12 times earnings at 5% interest rates rather than 35 times earnings at 0% rates and QE. Imagine if everyone woke up and there stock portfolios were down 50%! Higher interest rates would also tank real estate and yes, money would flow from the gov to the private sector thru bonds, but net worth would crater and this would be restrictive, not strimulative. Someone please tell me why I am wrong
You are beyond right my friend.
This whole interest rates are a stimulus is BOX OF ROCKS STUPID.
This is what happens when one falls head over heels with an idea then shuts off their brains and believes everything they dream up about it, without any thought.
What you said is 1000% accurate. It's not even debatable. Mike is dead nuts wrong, as he is a lot anyway, lol.
Our society creates narcissistic sociopaths of varying degrees by glorifying greed and the individual above all else. Yay! Bailout Socialism for the banks, corporations and investment class plus Fed support means we got "record flows" so buy buy buy them dips. Maybe you are so wealthy, smart or lucky to be fine forever with all that asset support. Maybe though without a massive reorienting of all this spending and taxing towards the bottom 90% that eventually even this leverage cycle will end and the bubble you live and invest in might pop.
“If you want something you’ve never had you must be willing to do something you’ve never done.”…………Thomas Jefferson
Example: Properly understanding MMT
“Nothing gives one person so much advantage over another as to remain always cool and unruffled under all circumstances.”…………Thomas Jefferson
Example: Mental Game