Mike Norman is currency trader and economist who is a proponent of Modern Monetary Theory (MMT). He writes a blog at www.mikenormaneconomics.blogspot.com.

Growth requires the water level to constantly rise.
I would say it is the inflation story; let me tell you why.
Foreign interests receive dollars in return when they sell Treasuries, so they still have a net dollar position, just in a different form.
Meanwhile, we're seeing the stagflation I predicted.
This will be good for gold and commodities, but not for the dollar.
The Fed had to allow the level of reserves to rise to sustain its policy rate, which is at 75 basis points.
Both loan growth and gasoline demand have dropped off sharply; so what does it mean?
Rising demand and falling demand are cutting the price of oil and oil-based products.
The economic conditions aren't right for this to be happening.
Record number of net speculative longs, high inventories and weak demand mean oil is over-priced.

Columnist Conversations

Nice move in GPS today. The stock is up 2.7% late in the session and is holding above last month's peak($24.93...
I have read her book, 'Dare to Serve' and have seen her interviewed multiple times by Jim Cramer on Mad Money....


News Breaks

Powered by


Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.