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Record tax flows threaten the economy.

Summary:
If stocks crater, it won't be because of rates, it will be from record taxes being collected by the government. The deficit is already down T compared to last year.

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If stocks crater, it won't be because of rates, it will be from record taxes being collected by the government. The deficit is already down $1T compared to last year.
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. Happy Birthday Mike. God Bless.

  2. Happy Birthday Mike, May It Be A Good One!

  3. happy birthday Sir

  4. ¡Bella Nature! Vlogs

    Very Happy Birthday 🎁

  5. Great MMT Report today! Happy Birthday Mike!

  6. Happy Bday

  7. Happy birthday Mike and thank beautiful putting out the knowledge of mmt learned a lot from you over the years thank you

  8. Of course tax will threaten the economy, and you're a Republican. There's been tax breaks for decades and money printing, and if they're not paid back, when will the deficit be ever contained? It's payback time and America needs fiscal discipline. America can't go on an I. O.U. binge forever. Raising taxes for past spending has to happen, and there's never a good time for it.

  9. Gefelisteerdt Mike

  10. Andrey Tsarukyan

    There are 2 different worlds nowadays in russian financial system. You can buy virtual USD but You can not take cash and send it out of country, for any reason, or keep it at home. So, we have something like in soviet union: oficcial exchange rate against USD, and real rate which is much higher. Everyone wants to buy cash USD none wants to sell. You are brilliant MMT economist, stop talking like a propaganda person when the issue is Russia. BR

  11. My life is totally changed because I've been earning $15,250 returns from my $5000 investment with Michael Saylor…

    • @Thomas Jacob Thanks you for this. I will definitely reach out to him now. Thanks again

    • Mr Michael Saylor in the states after watching his interview on ABC News I got in contact with him. Mr Michael Saylor portfolio management got me to $70k and still rising by the week.

    • Wooo that man, his success stories are everywhere. I feel more confident investing with him. I've been on the train for over two months now.

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  12. Cedric Schwartzler

    The market is wrong and you are right of course. You are more of a cry baby at the moment than the resilient and patient investor you want your listeners to be. That's a pity you are never addressing your wrong calls (like your bearish positions on the dollar since it was at 92). You should analyze those dead wrong calls. But instead you get frustrated about how stupid investors and the market are because it does not go in the right direction according to your MMT. I still think you are great to listen but you are too arrogant and self-confident to admit your mistakes. I really want to hear from you why MMT was wrong about the dollar. I want to learn of mistakes. Success teaches nothing. But I doubt you will ever answer to that post…

  13. Mike – remember that tax filing deadline was delayed last year, so the year-on-year comparison is skewed.

  14. Mike I notice you wear glasses all time Did you get your eyes checked after that fall?

  15. group9management

    Mike can you direct this 60 year old down 32% on his retirement to a high bridge please

  16. I demand a tuesday video. NOT PLEASED

  17. Happy Birthday !!!

  18. If the bond market is collapsing. It looks like Michael Burry was right on the money again.

  19. There is a video on YouTube about "N e S a r a", a man says that the big banks will go bankrupt, the Fed will be eliminated. Sounds crazy. Can you comment? Happy Birthday )

  20. A few of Putin's boys probably subscribed to MMT Subscriber at the full institutional rate.

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