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Estimates for Q3 GDP growth now at 1.33%, and that does not take into account the current fiscal slowdown. Q4 may be near zero. Stocks are absolutely not reflecting this. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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Estimates for Q3 GDP growth now at 1.33%, and that does not take into account the current fiscal slowdown. Q4 may be near zero. Stocks are absolutely not reflecting this. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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| Estimates for Q3 GDP growth now at 1.33%, and that does not take into account the current fiscal slowdown. Q4 may be near zero. Stocks are absolutely not reflecting this. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ |
Someone mentioned my site being hacked. Not seeing it, but if someone can send me the URL of where it's taking you I will look into it and try to fix. Email me the URL at mnorman@pitbulleconomics.com
Markets are at unsustainable levels.
Mike – You're the Man – Excellent video – Thank You!! ✌✌✌
Keep up the great work Mike!
I'm betting on Mike! He'll be right!! You watch!!!
Great work Mike!!!
Love being a MMT Trader! Mike doesn't skip a beat keeping our team up to speed! Join us if you can! Hoorah!
I like u alot mike. Thanks
I DID TOOOAAAALD YAAA!!
Flows down is understandable, no more Afgan war. Flows go outside the country though…..
Record fiscal transfers and 1.3% GDP?
Need to print more
No Santa Claus rally this winter
And the Atlanta FED suppose to be the bible on predicting GDP?
Here we go with the negativity again. Okay, GDP is going to be 10%. I read it somewhere. Happy now?
@Mike Norman MMT Economics Iron Condor is what you need Mike to stop predicting where the market is heading on a daily basis. I still enjoy your analysis though.
10:18 "The loans themselves create the reserves" — Mike, I love ya, and I think you're right on almost everything you say, but I don't think you're right on this one. Banks create deposits, but reserves can only be created by the government. Stephanie Kelton calls reserves "high-powered money" in her 1998 paper "Can Taxes and Bonds Finance Government Spending?" — she talks about it a lot in this paper.
The distinction between reserves and deposits doesn't matter that much since banks are more constrained by capital requirements and profitability of the loan, but it is still a distinction.
Private bank loans create deposits but do not create reserves. If they did create reserves we'd always be at a 100% reserve ratio.
Mike – another great video – couple of questions- if people are transferring from government pandemic subsidies to payrolls wouldn’t that automatically reduce fiscal flows? And couldn’t that be at a minimum net-neutral for the economy? Why did it take so long for The Clinton-induced surpluses to turn into a recession? I am sure fiscal flows were falling well before we hit a an actual surplus…
Thanks for all the words of wisdom and inspiration Mike. Been a tough last two years job wise. But staying positive and looking forward to getting my trading account back on the road. UK
Mass firings with an already thin workforce is not going to help. Biden has no clue what he is doing. Take care of your health folks because when you get to a hospital you are in big trouble.
Thanks, Mike!? Is the Forex market very dead these days? I know last year’s volatility was somewhat of an anomaly. But is this how the market usually is pre Pandemic? Or are the shutdowns in other countries having an effect. Pairs seem to barely move or maybe for an hour or so and then nothing. Any Thoughts?
so banks are doin great & everyone else is gulping shit since 2008 when the public bailed them out ahahahahaha
Mike – We have been hearing about slow downs and doomsday scenarios through 2021. Markets are soaring. We are having one of the longest bull runs in history.