Since the self-proclaimed monetary "expert" and Father of #MMT Warren Mosler said, "Erdogan has it right" (to lower interest rates back on March 22, 2021), the USD has appreciated by 145% against the $TRY Easy to say, not stupid enough to take his own advice & buy the $TRY Great lesson not to listen to self proclaimed "monetary experts" who could not even...
Higher levels of government spending, lower levels of corporate tax drains, equities and cryptos back to April levels. Mid September will be different with a scheduled corporate tax payment. These are the reasons why the market is predictably cyclical. You might not like MMT, I don't ethically like it, but at least use the knowledge of how the monetary system...
Is it possible that all of Team Transitory used the Quantity Theory of Money to come up with the Transitory narrative????
This is quite symbolic graph comparing NASDAQ Composite Index to the interest rates since the end of gold standard in USA in 1971 and beginning of the Modern Monetary Theory where FED economists thought country can't bankrupt because always more money can be printed. Each time since 1971 when there was a crisis and stock market going down the best solution was QE...
There is a reason why "old" economics works and "modern" doesn't. Old is time-tested and learned through countless mistakes of the past. Modern is feel-good, wishing and hoping that this time it's different. I also want to add the term "incubator economist". Theories, models work really well on the inside of an incubator but not outside in the real world. That...
TRYUSD continues to collapse after removing the Central banker who raised rates to 19%. The new CB said he will lower rates. Turkeys 10 year bond skyrocketed instantly from 12% to 17% while the TRY lost 18% instantly as well. Why BC Turkey listened to MMT and wants to lower rates. The chart above clearly shows lowering rates collapses the currency. If you want...
Modern Monetary Theory (MMT) is not a "magic money tree" like a lot of (privledged) people say it is. The money for it comes from: - Leveraging the US Dollar's credit rating in exchange for short-term loans - Collateral from debt and related interest rates - Increasing the gap between inflationary assets (whom lean in favor of the wealthy) and labor wages,...
My strategy for the SP500 index is as follows: - Exit Long positions on rallies and hold a core long position for the long term ( "time in the market") - Wait for a deep pullback to start adding back Longs (SP500 is growth function) - Happy to scalp short term, but I like a to 'load the wagon" long if we had a decent 600-1000 point correction! - Trade in...
I have set-out my logic in prior posts of how I am exiting the SP500 market from prior longs bought more than 18 months ago - by selling into rallies. If an infrastructure deal goes ahead and debt ceiling issues are dealt to successfully, I will reconsider my current stance. However, I am happy to scalp particularly from needless / senseless market...
Whilst one of my trading systems (as displayed) doesn't yet display Exit-Long signals, I have been pre-empting some expected volatility which I perceive can arise due to what can be an lengthy infrastructure Bill process along with the Debt Ceiling fiasco. I detailed this in an earlier post. Up to this point I have been happy to ignore exit signals based on...
Panic selling creates a wonderful trade. Investors should think twice about investing in crypto if they are concerned about volatility. There's significant forces at play. Medium to long term bullish. Short term, there might be more buying opportunities lower.
Modi Master Trader strategy! Master Pattern + Supply and Demand + Ote!
Modi Master Trader Strategy! Supply and Demand + Master pattern + Ote+ MMT COMPOUND ROI+= STEADY ROI Subscribe for weekly Institutional IDEAS! WAREWOLF PACK! MODI! MODIVATION!
Bear trap at 93 cents is almost confirmed and if we head down, look back longer period charts to get guidance on there the key long term support is. I would not short the USD but it's hard to imagine the world is going to flock to the overvalued USD since endless debasement is not endless. Yes, it's endless as the ravine is endless.... The only thing that's...
92 cents USD was a top. Unless it holds 90 cents resistance, don't hold greenbacks! Buy anything of value! The single USD monopoly money is getting replaced by ...
Master Pattern with Supply and Demand zones!
Master Pattern With Supply and Demand!