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What if Trump ends up being right?

Summary:
That would be a lovely, F-U to the entire economics profession! 

Topics:
Mike Norman considers the following as important:

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That would be a lovely, F-U to the entire economics profession! 
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.

25 comments

  1. @RAYM0ND0-js1sd

    X
    X
    V

  2. @pieinthesky4106

    What if the moon is made of cheese? Just as likely as him being right.

  3. @Johnny_Thunder

    Another trump cultist still living in denial. this will all be studied in the decades to come, how society was so stupid to allow this clown into office twice.

  4. Seems like a lot of cognitive dissonance on display to me.

  5. They thought the same thing about those casinos he bankrupt.

  6. @Generaldisarray965

    Like he was right with his casino bankruptcy 🤔😁

  7. Who is he trying to convince?

  8. @johnandrews2768

    Let me save you the suspense. No, he does not end up being right

  9. I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good stock recommendation on great performing stocks will be appreciated!!

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    • @ElizabethHansick

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    • well i am at $2.5 mil. Biggest positions PLTR, TSLA, SCHD, NVDA,BTC and now looking to build up DRGO alongside finding quality value & growth stocks to buy. I got $54k divs last time in taxable divs. Q2 taxable divs this year was $16,526 . don't sell when the market is down..thanks to diversification and portfolio restructuring using growth companies, Entry and exit orders are chosen by my advisor.

    • @ElizabethHansick

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    • how would you suggest i enter the crypto market? I am also looking at studying pro traders and using their strategy rather than investing myself . whats your take on this? How can i reach him please??

  10. @mickygarcia4251

    He'd need to replace the trrillions of dollars that he just lost. He could be right, but in one hundred years, or you're delusional, and it doesn't matter how much damage that he does; you'll never consider it as wrong.

  11. 😂😂😂

  12. @amandakelly1418

    What do you mean "what if" anything? We already know. He promised to lower prices on day one, but instead crashed the world economy already.

  13. @gregmarcum7347

    Yes, we all want it to work out…but that is like hoping the tooth fairy magic is real and works out. This is a big negative.

  14. Yes Mike you're absolutely correct – of course Trump is right on this. Why don't you discuss the faact that lowering M improves the GDP equation? MMT loves loves LOVES to talk about the GDP equation when it comes to G and T, so why don't you discuss the fact that lowering M increases GDP???? Tariffs are obviously good for our economy since we run a trade deficit. Fact. Then add in like you rightly state that they are looking to lower T and increase I both of which also grow GDP per the equation. Personally they should lower T much more but even if they do what they are looking to do it will be a net gain to the economy. And lowering G theoretically lowers GDP but remember at least 50-70% of that G spending is fraud, waste, and abuse so by definition it is inflationary skewing private investment, consumption, and opportunity cost therefore it is also a net benefit to a given economy to reduce massive fraud and corruption.

  15. @craighammitt1574

    Mike, I appreciate your knowledge of MMT, from what I see not much else.

  16. Mike, what are your thoughts on tariffs being a reserve drain, at least in the short term before some predictable steady state is reached, because those tariff payments must be made in reserves balances?

  17. Is this guy broadcasting from a nudist Camp ?

  18. @ThatMichaelTGuy

    The left should stop shivering in fright and come up with their plan to combat a yearly $2 Trillion budget deficit and $36 Trillion debt that will bury their kids and grandkids if not fixed.
    It's easy to b!tch and throw tantrums, what's your plan..?

  19. @user-lq6wc3ci3q

    Now your sounding senile

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