Thursday , April 18 2024
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Trying to get my head around what’s happening to the banks.

Summary:
The macro numbers just don't add up. I think a lot of this is hysteria and unnecessary contagion. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes

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The macro numbers just don't add up. I think a lot of this is hysteria and unnecessary contagion.



Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader.

https://www.pitbulleconomics.com



Mike Norman Twitter

https://twitter.com/mikenorman



Mike Norman Economics: https://mikenormaneconomics.blogspot.com/



Understanding the Daily Treasury Statement video course.

https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes
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.

45 comments

  1. Tom Basso would be interesting if you can connect

  2. Guest suggestion Alfonso Piccatiello; Really like the Audio Podcasts —

  3. Have you ever thought about writing a book on your perspectives about MMT?

  4. Mike do you have any good stories from your time at John Thomas Financial ? , read about how it was a real boiler room on wikipedia and the CEO got booked at the end, something along those lines….

  5. You might be able to get on a channel like the Grayzone, the Duran, or Gonzalo Lira's Roundtable if you flex your financial career and history with fox news, which would draw more attention to your channel. Since the banks are in the news, now's pretty much the perfect time to do some guest appearances.

  6. If the yield curves indicate problems, and those yield curves are influenced by the institutions that would normally be issuing and distributing Dollars, isn't that an indication that banks do not feel comfortable about getting paid back, and as such it becomes a self fulfilling prophesy?

    i.e. they are scared to lend, so don't, and that brings about the very thing they are concerned about?

  7. Exactly, it's their assets like treasuries that are being used as collateral for the Fed, it's not at all an injection in the economy

    • People freaking out so much…. Its nauseating, I watch you videos almost as therapy from the insanity out there

    • Van Thang Nguyen

      Where do these money go? I mean money Fed used to buy treasuries from bank on secondary market. Bank should use them to pay someone in need or lend other banks, then it may be withdrawn by depositors.

    • @Van Thang Nguyen That money is not cash like yours or mine, its usually from the government itself. Market operations are also part of government planning, they are not a for profit institution, they can't just get money or use money as they want. Legislation dictates everything they do. So in most market operations, they do repo so the buying of treasuries is temporary/very short teem and they get the money back. They also buy treasuries from the Treasury, not only for those operations, but also to hold U.S debt when needed, for example when other institutions or countries don't want to buy more U.S debt for more budget. That's also a reason why the Fed could indefinitely buy treasuries when ordered by the government for unlimited budget, and why Mike Norman or other MMT people find a debt ceiling useless.

  8. Looks like the banks are using these regulated loans to buy Bitcoin😂

  9. steve grumbine or warren mosler or rohan grey or stepanie kelton or l randall wray.

  10. 👉 BUY YOUTUBE VIEWS 👉 Link in Bio

    I can't wait to come from work to watch your videos

  11. Jump on tim Poole.

  12. Home Youtube Channel

    I would love to hear you and greg manarino debate to see where u agree and where u disagree

  13. Definitely get Peter Schiff on the podcast to debate.

  14. I too support Mike writing a book

  15. ❤👁

  16. Andrey Tsarukyan

    Mike is a member of a fight club 😊😊😊

  17. Mike, nobody can sign up for anything on your website because the credit card processing gateway is no longer working. I sent you an email about this a while ago but it seems you don’t check your hotmail email. So you are loosing sales because nobody can sign up.

  18. Kenneth Richardson

    You could always have Grumble invite you as a guest 🙂

  19. I’m in NYC for the first time!

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