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The "headline traders" must be getting chopped to ribbons. 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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The "headline traders" must be getting chopped to ribbons. 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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Michael Hudson writes A Concept of a Plan … for the National Interest
Sergio Cesaratto writes La nuova governance fiscale europea
New Economics Foundation writes Trapped behind the wheel
Peter Radford writes Election: Take Four
| The "headline traders" must be getting chopped to ribbons. 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 |
yeah buy the dips in ES (s&p 500)? , ? no point in talking to Democrats they don't want a deal and are stalling on purpose , as no deal makes them look better in the elections , and a deal would make the stock market rally going into the election & make Trump look better , simple as that , maybe this will put pressure on finally making a deal
Why would anyone want to make trump look better. He is a turd. You can’t make it shine. As far as not doing anything, you might check McConnel’s desk.
@Bam Boozled not a single war started under Trump !!! the dude might get a nobel peace prize for middle east peace deal , why would you want the career politicians like the USA had before !! policy over personality
Slickpete83 you are delusional. No war? Take a look around, we’re in a civil war. The guy has no platform/policy and we have 210k dead and counting thanks to an administration that puts ideology (whatever fckd up ideology that is?) before the well-being of the American people. He constantly sows seeds of division, and his supporters think that is some kind of policy. He has no policy, that is abundantly clear. What? MAGA? Oh I have no doubt he will win but it’ll be like last time, with a minority of the votes and the election will be gaslighted into the SCJ deciding the election. Voter fraud? Crazy BS, absolutely no proof. A couple of ballots in a waste basket? Lol Total conspiracy BS. But yet his supporters will believe any lie he spews. That, my fellow American is what you call a cult. The demise of our republic is happening in front of our eyes. Yes the democrats suck but this guy represents only himself. Wake up, things have not gotten better under this admin and it will get a lot worse over the next four years. Congratulations!
@Bam Boozled I agree, the POTUS is a blow hard. But, 210k dead? Really? C'mon.
Having worked for the government for decades, you should know the CDC is full of BS too.
Barry Mcbrush the administration failed miserably. They could have enacted the Defense Production Act immediately but instead paraded CEOs in front of the cameras and made states compete and bid against other states and the federal govt for ppe and medical supplies. They put cronies and family in charge of the covid task force. Just look at the US’s ranking in handling this crisis (cases and deaths per 100k). We rank 141 out of 150. There is no excuse, they absolutely put ideology before citizens.
I just put a ton on a SPAC thts supposed to launch Q4. Desktop Metal, $TRNE…i dont give a fck about elections, i follow science
I wish I had the passion to trade FOREX market like Mike. It seems the Turkish Lira will be toilet paper soon. Thanks to the idiot Erdogan who is ruining Turkey and making it more Islamic and less free and democratic.
This is the "Art of the deal". Demoncrats can't afford another loss no matter what the fake news polls claim. Trump has them by the balls! (Even Pelosi has balls under that glass face)
What are the best indicators and/or ratios to watch to understand the underlying economic conditions?
Learning how to read the Daily Treasury Statement along with Mike's Weekly MMT Reports is the only way to build solid positions confidently in my opinion. Everything else, is just another lagging indicator. I only use technical analysis for price targeting exit & entry points while swing trading and/or long term investment. Otherwise, price action & basic T/A for short term day trading on rare occasions. Hope that helps. Peace.
@Barry Mcbrush
Thanks
Obviously, the Dem's had no intention of making any reasonable agreements until after the election without trying to make the POTUS look desperate for a deal.
That was a no brainer for me and I'm sure for the POTUS as well.
My guess, is that we will see some sort of Emergency Relief Bill passed by Executive Order for the working class within the coming days.
It's not like the markets will lose too much momentum without stimulus from a fiscal standpoint anyway.
@Barry Mcbrush lol
@NoExitLoveNow Here, maybe you'll like this too, in between giggles. IN SHADOW : https://www.youtube.com/watch?v=j800SVeiS5I&t=6s
Enjoy!
Barry Mcbrush notice today how trump has walked it back…asking congress to act and he will sign. Learn how our govt works and then we’ll discuss.
@Bam Boozled Yep! I was wrong about the Executive Order possibility. I stand corrected. However, it feels like another song and dance kind of like the US – China trade deal in my opinion. The media will paint a picture for everyone to accept up until the election. All the while, it's just the swamp playing games & government spending one way or another.
Barry Mcbrush oh I agree that the federal government is a swamp. I just know it’s gotten swampier under trump. It’s not that difficult to see. The China tariffs have decreased our trade deficit with them, but definitely not the overall BoP. Check today’s headlines. The tax cuts were a headfake. The corporate tax cut was the centerpiece for sure but it hasn’t stopped profit shifting or bring in much repatriation. The bump we had in GDP right after the cuts were really just front loading inventories ahead of the tariffs. It’s all smoke and mirrors. Meanwhile wealth inequality skyrockets. Inequality is the primary cause of all this unrest and trump makes it worse. I think he actually enjoys it.
Seriously, nobody saw this coming from the swamp? Might want to take them masks off and get some air. Just saying.
What?
@NoExitLoveNow What? What?
3:06 C'mon Mike, the only ploy was on Schumer & Pelosi's part. You're starting to worry me bro.
Barry Mcbrush trump brings out the worst in us. That’s it. That’s all he does as he gaslights, lies, and tells us how incredible he is, you know, strong and powerful, amazing really, no one has seen anything like it, the best president ever, best economy ever, no one has done more than him.
And what’s truly amazing is you suckers eat it up like a shot of testosterone. Lol who used to pay any attention to anyone that made those kinds of claims? He’s the arrogant prick in the room that everyone hates but because he taps into your fear and hatred you nod along like lemmings. He reflects everything that’s wrong with this country…which is why he’ll most likely win. Americans are becoming just like him on both sides. Welcome to the new America of trump… grab what you can and screw everyone else.
lol
@Bam Boozled We, bring out the worst in us as a divided country. We, are responsible for our own fears. We, have given too much power to our government.
We, choose to be divided or not. Only we, can unite and take it back. In fact, here's a peace offering.
Clowns to left to me, jokers to the right. Here I am, stuck in the middle with you. IN SHADOW : https://www.youtube.com/watch?v=j800SVeiS5I&t=6s
Enjoy!
Barry Mcbrush that is true but government is not the problem. That has been the mantra for 40 years. I’ve been alive for awhile and it’s the same old shit. Government is too big, cut taxes, less regulation…that has been the reality for the past 40 years and yet here we are. Listen carefully to Mike, he gets it but he also has to put food on his table. Actually read MMT. Ive read most of it. I don’t need Mike’s advice. I like to get his perspective on things but I know a lot more than he does about how government works because I’ve worked in it for decades. And I’ve owned my own business. Has he worked in government? Have you? Participate, read and stop playing the zero sum game of trading…it adds nothing to the economy.
@Bam Boozled Greetings Bam Boozled. Yes, I can remember as far back as 1969 when the food was healthy, the water was drinkable. Housing, healthcare and education was affordable for everyone who was willing work hard for it. The stars were visible immediately after sunset. The largest corporations didn't own the politicians or judges. The firemen, policemen, professors and business owners etc. were all neighbors and most of us kids had chemistry sets, firearms, fireworks and motorcycles. Today, a large majority won't leave their rusty cage and has handily delivered the above mentioned blessings of freedom at the altar of power and money for the sake of comfort and security. While, the kid's mostly play in a virtual landscape. Keeps them safe, dependent and quiet, doesn't it? I took an oath to defend the U.S Constitution back in 1984 only to witness it become a "virtue signaling' bathroom fixture over these many years. Especially, after 9/11 and Hurricane Katrina while contracted by FEMA. All the while, kicking and screaming I might add. Anyway, I hope my generation steps up soon and doesn't fall for the 'that doesn't apply to me" trick that most of the Baby Boomer's have swallowed hook line and sinker over the years. We need to unplug our youth and teach them how to be fearless, freedom loving, independent, and always overcome adversity without blame if they are to regain lost liberties. Understanding MMT and business investing being one of them. Otherwise, they better learn how to speak Mandarin Chinese as a second language in my opinion. Peace and take care.
If fiscal flows are record breaking why do we still need trillions of stimulus?
Mainly, due to the fact that the working taxpayer needs to be around long enough to pay for the last Stimulus Bill.
I think, the top 10% i.e Bill Gates, Jeff Bezos, Warren Buffet, Jeff Zuckerberg etc. were the main beneficiaries so far this year. Unfortunately, a huge number of lower and middle class income earner's who buy most of their stuff, got hammered and remains on life support. Meanwhile, the swamp creatures on both sides know it. Peace
Assuming the Presidency at the depth of the Great Depression, Franklin D. Roosevelt helped the American people regain faith in themselves. He brought hope as he promised prompt, vigorous action, and asserted in his Inaugural Address, “the only thing we have to fear is fear itself.”
It don't mean a thing if it ain't got that swing!
Just a swinging.
Jim Rogers is proof that luck is very important in life. When someone stupid and so wrong like Jim Rogers can become a billionaire there is hope for us all.
Senate & Congress recess for now their running for office not working.
what no porno chicks in the comments today?
I know that Trump never changes his mind on anything (lol) but this ending the stimulus thing might be just post covid confusion.