Tuesday , May 21 2024
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There’s a hurricane coming!

Summary:
Literally…in Southern California. And the markets will be stormy too!

Topics:
Mike Norman considers the following as important:

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Literally…in Southern California. And the markets will be stormy too!
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.

24 comments

  1. Why don't you run for president. I'm sure you could do a much better job than the two old fools people think might win.

  2. I think they’ll have to do a broad based debt forgiveness (credit, student loans) and maybe even stimmies on top of that to keep the consumer economy going. Paying back debt + cost of living sky rocketing drastically reduces spending. What do you guys think?

    • Student load forgiveness is essentially making people who didn't get an education pay for other people's education that didn't end in gainful employment.

    • @Bill Carruth I understand and feel you but the morality or fair not fair angle is unimportant. It is what’s going to happen to keep the economy going and this is an easier political battle than forcing millions of Americans into austerity measures even if that is ultimately the most logical choice to root out the malinvetment. Greece as an example

    • @JoeyClutch If someone borrows $150,000 to get a degree in film studies, or gender studies, or art appreciation, how is that being forced into austerity by people that joined the work force instead?

    • @Bill Carruth non spending is austerity. Use logic not your emotion bc “you paid your debt”

  3. Everyone is an individual. Absolutely. That's the one thing Life of Brian taught me.

  4. i hear central park is now a homeless tent city for the world…..

  5. Hurricane Hilary prefers blue states.

  6. BobSagetSquarePants

    You say "take advantage" of the current situation, then say dont do anything until the 3rd week of Dec. I've been watching you for a few weeks and am new but i'm struggling on how to use/implement this information you are sharing.

  7. That's a good point. The flows are an edge and there's no reason to want the edge to go away. What I don't get is why someone doesn't put big money behind this strategy and outperform everyone

  8. Do you trade options?

  9. 6 dollar gas coming

  10. darren delahunty

    Top tips again Mike 😂 I love this shit….
    .November is guna be my trading entries ….njoy the hurricane Mike 🎉😂

  11. mike can u please make a video in explaining where the deficit are going into, is it more defense or social security or infrastructure

  12. You nailed that one dude👌

  13. You do have a track record of giving the right information ℹ️
    How that information is used is up to the individual

  14. You did nail the timing mike, impressive and thank you

  15. appreciate your work and your podcast, keep em comin please. i am new to trading but i'm pretty well versed in MMT. are there any resources you can recommend to learn the nuts n bolts of trading? i know u have a website, it may be a bit advanced for me who has never even opened a trading account and doesnt even know which platform to use in the UK or anything.

    Also, i recently heard MMT economist steven hail talk about how bonds should be eliminated altogether as they serve no real purpose, and are no different to a fixed term deposit at the central bank. he said we can just give the traders therapy for their gambling addiction. What do you think of that?

  16. Can you say what kind of camera you use and is it on a tripod in front of you

  17. Great work as always Mike! Looking forward to the MMT Report on Monday!

  18. Watch you every day Mike as well as top MMT people. Will sign up for your pitbull stuff someday but am 68 and on fixed income but may fiure a way. Just curious…do you include the Fed's raising rates as part of the FLOWS or just those generated from congress?

  19. I live and work in Lahaina I dont know what would be worse, water or fire That experience with the wind is something Ive never experienced in 30 years in Hawaii You had better be thinking where you can go that has a cement walls with basement Seriously You better know where you are going and you need to plan on being there for awhile

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