I'm looking for recession and not finding it.

These are stats from my latest MMT Trader report. Are these recessionary signs? Warren Mosler is bearish as hell.

Auto loans rising at the fastest pace in 8 months.

Residential real estate loans rising at fastest pace in 3 weeks.

Bank "residual" (capital) at record highs and up 3 weeks straight and up 6 of the last 7 weeks. (Implies growing bank earnings.)

Bank assets at record levels.

Gasoline demand at 6-month high.

Distillate demand at 3-month high.

Federal tax deposits have been rising since January and are on track to completely erase the y-o-y negative gap. Going positive.

Corporation taxes rising, too. They bottomed vs last year in early February.

Social Security (largest spending item) growing at fastest pace so far this fiscal year.

"Other Withdrawals" (military and defense) growing at fastest pace since early February and has accelerated 63% since then.

Unemployment benefits down and falling  y-o-y.

Food Stamps down y-o-y. 

These are all coincident or leading statistics. Most of these CREATE the forward conditions of the economy rather than reflect what the economy is already doing like much of the data cited by other economists.

I don't know...I just don't see it.

Surprised by the Economic Surprise Index? I wasn't. I called it all along.

Everyone is all shocked that Citi's Economic Surprise Index is showing a massive amount of upside surprises.

Who was calling this for months, even when all the "experts" were gloomy and pessimistic as hell?

Me!

Was no surprise to anyone reading this blog or who is a subscriber to my report, MMT Trader.

Citi US Economic Surprise Index: Breakouts don't get any more textbook than this. pic.twitter.com/VHMTzoeC9M

— Bespoke (@bespokeinvest) July 26, 2016

Inflation picking up. Wage pressures mounting.

I have been saying that wage pressures are mounting. The evidence is clear. In my MMT Trader report I have included this chart below.

This is the current. up-to-date, snapshot on Employment and Withholding Tax Deposits flowing to the Treasury. It is accelerating. This is an indication of mounting wage pressures and a significant tightening in the labor market.

Producer prices up 0.5% in today's report. Forecasts were for a 0.3% rise. Tomorrow, CPI and that will be a shocker, too.

Treasuries are a sale. Fed will resume rate hikes soon.

Dollar going down. Commodities, gold, stocks, emerging markets, all going up. That's where you want to be.

It's not about the forking deficit.

Case closed.

This is the only place where the right ideas have been coming out.

We called everything to a tee, even when there was near, universal gloom, including among other MMT people.

Talk all day like a pretend academic or make money? Your choice.

It's the flows, stupid.

MMT Trader.

Stocks in new record territory as I predicted all along. MMT Trader had the numbers saying that it would.

Stocks in new record high territory as I said would happen. Every downdraft, when the voices of recession, crash, disaster were everywhere, I was saying that fiscal flows were exceptionally strong and that you had to buy into weakness and stocks were going higher. The economy will beat growth expectations, too.

There are more gains to come. This is just the beginning.

MMT Trader.

Nailed it again! Called it again! Stocks, economy, jobs report! MMT Trader

Nailed it again. Called it again. The jobs report. The stock market at record highs. The economy picking up steam. No recession. NO RECESSION.

You’ll only find this analysis and these calls on this blog and in my MMT Trader report.

This is the only blog. The only blog. Applied MMT. No droning on like some academic. No whining about how policy makers don't employ MMT concepts. Who cares? Make money. Take care of yourself.

Understanding, Usefulness. A tool in your hands. Leave behind the academic blah, blah.

In the past two years I have been calling the economy and markets to a tee, focused on fiscal flows (top line spending). You would have gotten killed listening to the others' warning about recessions.

No one does the work that I do here and the analysis that you will find in my MMT Trader report.

I look at the right information. I have completely dissected the Daily Treasury Statement. I teach it, for goodness sakes. This is the most leading data. Gives the flows. I can see the deficit (as if that matters) every day.

We win here.

MMT Trader report. MMT applied.

Stop talking MMT like an academic or whining about how it's not being used in policy. Use it to MAKE MONEY!

Do you want to talk MMT all day long like an academic? Blah, blah, blah?

Or, maybe you want to whine, incessantly, about how policy makers are not incorporating MMT concepts in their policies?

Then again you can learn how to apply it and make money.

Free yourself. Take advantage of the vast numbers of investors--large and small--who do not understand MMT and regularly make the wrong moves. Taking their money is easy. It's almost like they are handing it to you.

I am the only one who has advanced MMT to an applied level. My MMT Trader, is a weekly report that looks at fiscal flows, policy, economic trends, the markets, market psychology and more, all within the context of MMT.

Recommendations and trading ideas.

Try it for free for 30 days. No obligation.

Get it here.

MMT Trader: far outperforming market. Futures trades, up $20k in 19 weeks trading 1-lots. Forex, all profits, zero losses.

Applied MMT. That's what my report, MMT Trader is all about. There are many MMT "academics" out there, but I am the only one who not only teaches you how to apply it to make money in the markets, I GIVE YOU recommendations that have done nothing, but make money.

Fact: The MMT Trader stock portfolio stayed positive during the recent Brexit selloff and is far, far, outperforming the  market averages.

Fact: The MMT Trader futures portfolio has booked over $20,000 in profits in 19 weeks trading one-lots.

Fact: The MMT Forex portfolio has had ZERO losses and recently bought GBPUSD @ 1.3195. It's over 1.34 now.

MMT not only explains how the economy and markets function, it gives you 100% accurate forecasting power.

No one else does this.

See for yourself. Sign up for a 30-day free trial.

-Mike Norman

The new issue of MMT Trader is out. Sign up for your 30-day free trial!

Here's what is in this week's report.

There has been a major fiscal development that is the key to understanding what is going to happen to the economy and asset markets going forward. I talk about this in detail in this week's issue.

While the focus has been on Brexit or the Fed or the ECB or what is going on with the economic data the real drivers of the economy and the markets are uncovered in MMT Trader.

I break it all down in a unique report that tracks fiscal flows, deficits, major line items of government spending and all the influences they have on the markets.

This information combined with the MMT understanding is the reason why there has not been a single losing closed out trade. All profits.

Sign up for a 30-day free trial today.

Last two days to sign up to MMT Trader at the low rate.

On Monday the subscription rate for MMT Trader, my unique report that uses fiscal flows and MMT understanding to forecast economic trends and markets, will go to $100/month from the current, $75 per month.

You can lock in the low rate now by signing up for a 30-day free trial.

This is the only report of its kind. There are plenty of MMT academics out there, but NO ONE who applies it to trading and investing. I am the only one. Every single closed out position that has been recommended by this report has been profitable. Every single one.

Sign up for a 30-day free trial today and get the low rate. You can cancel at any time.

Cha Ching! More profits today from MMT Trader!

Fiscal flows. Applied MMT. Mental Game.

What does that get you? Trading profits.

We bought Delta Air (DAL) today at 41.07 (7 cents from the low) and American Airlines (AAL) on Friday. They're up 4% and 6.5% respectively today.

We bought the June S&P E-Mini future last week at 2089.5 and sold it out today at 2112.50 for a gain of $1150 per contract.

These were all recommendations from MMT Trader.

All positions have been closed out with profits. 

Get a 30-day free trial today.

New issue of MMT Trader is out. We nailed it last week. Get your free 30-day trial now!

The new issue of MMT Trader is out.

Last week everyone got caught unaware by the jobs report. Not MMT Trader. It nailed it!

For two weeks leading up to that report I was telling subscribers that the employment related spending and tax data in the Daily Treasury Statement was showing weakness. My analysis? That it was going to show up in one of the government releases.

Boy, did it show.

And subscribers were positioned in the markets for exactly what transpired. They cleaned up.

Folks, there are MMT academics out there, but no one who does applied MMT and who has 40 years of trading experience. My analysis of fiscal flows combined with MMT, mental game and all the other aspects that I bring to the table is unique beyond words.

But don't take my word for it. Try it for free for 30-days. You have nothing to lose.

Stock, bond, futures, commodities, Forex recommendations...plus more.

And there's new information that just came out. Everyone is talking recession. See if they are right or wrong. It's in this week's report.

Sign up for your free trial today.

MMT Trader absolutely nailed the job report today. Subscribers making money hand over fist.

In my MMT Trader report I pay close attention and track all the Federal government spending flows off of the Daily Treasury Statement. Charts, graphs, analysis...the whole nine yards. Nobody does this. Believe me, NOBODY.

Anyway, here was the headline of this week's report, which went out on Monday:

Inside the report I wrote the following:

The news is good, but I would be remiss if I didn’t tell you that I have concerns. 

The numbers make me wonder whether or not there is actually something going on with the labor market that has not become obvious yet in the general economic data, but is certain to show up at some point. Could that “point” be this Friday when we get the May jobs report? Forecasts are calling for a modest gain in nonfarm payrolls of 155k and a 4.9% (unchanged) unemployment rate. We could come in on the low side given the data that I am now seeing.

And what happened? We got this very weak nonfarm payroll report today. In addition, I predicted a rally in Treasuries, a selloff in the dollar and mixed reaction in stocks. EXACTLY what we are seeing today.

I am getting emails today from subscribers that go like this:

"Thanks Mike. I just made 100 pips on my Euro position."

And this...

"You nailed it. Man, you are good!"

The MMT trader is the only report of its kind. My analysis of fiscal flows gets to the core of what drives the economy and the markets. And my applied MMT gets you positioned the right way.

EVERY TRADE RECOMMENDATION MADE SO FAR IN THE REPORT HAS BEEN PROFITABLE!

Why don't you try it out? You have nothing to lose. Get it, FREE, for 30-days. Cancel at any time.

Click below to get started.

I just got this very nice testimonial

Just got this from another satisfied student and subscriber to my MMT Trader report.

"Mike, you are selling your MMT Trader report (a treasure) too cheap. I feel like I am ripping you off.  Plus the Forex course...OMG...it's the best money I ever spent on courses."

Cool.

Deficit is too small? Consumer spending rose most in six years.

Consumer spending rose 1 percent last month after a flat reading in March, the Commerce Department reported Tuesday. Incomes were up a solid 0.4 percent, matching the March gain. Wages and salaries, the most important component of incomes, gained 0.5 percent.

Where are the "deficit is too small" people? When will they admit that they are wrong? Do you keep on saying, for years, that there's going to be a recession? How is that useful?

We have had it correct the entire time with our analysis of flows. I use flows almost exclusively in my MMT Trader report.

It's all about flows. You don't even know what the deficit is going to be until the government spends first. You don't even know how much total taxes will be paid.

It's flows.

The new issue of MMT Trader is out. Get your 30-day free trial today!

The new issue of MMT Trader is out.

Early in May when everyone was panicking and selling stocks the MMT and fiscal flow analysis in my report kept us buying. And see how it worked out? Market has rallied sharply.

You will not find another report like this anywhere. I break down all the spending and fiscal "flow" numbers. This is the most leading analysis you can get.

Try it for 30 days absolutely free and decide for yourself.

Took another $1500 profit today in corn. That's after yesterday's $4000 profit day. Recommendations from MMT Trader.

Booked another $1500 in profit today in July Corn. That's after yesterday's $4000 score in S&P and T-Notes.

All from recommendations made in MMT Trader.

This is not just MMT. It's APPLIED MMT.

No one gives you this, but me. I am the only one giving you not just academic, but APPLIED MMT.

Get a 30-day free trial to MMT Trader here.

MMT Trader scored me some big profits today!

Long stocks and the S&P E-mini contract. Took out 60 ticks or, $3000 on that trade.

Short 10-year note futures. Took 21 ticks or, $656.25 on that trade.

Most analysts and pundits have been either out of hte stock market or short. I analyze the fiscal flows. (Top line government spending flows.)

That is what has kept me on the right side of the market this whole entire time.

Other positions
Bought Apple, Inc @ 90.67.
Made 187 pips in USDJPY
Made 140 pips in GBPUSD

Plus many more.

Get a free 30-day trial to MMT Trader today and start trading the MMT way!

The new issue of MMT Trader is out and an important negative development has emerged!

The new issue of MMT Trader is out and it has uncovered a new, negative development which, no one is aware of.

Read it.

Get your free 30-day trial today!

The latest issue of MMT Trader is out. See what the MMT and "flows" analysis is saying about the market and economic outlook

Two weeks ago my MMT Trader report recommended buying Apple, Inc at 90.67 when it was trading higher.

We bought last Thursday at our price and it comes to light today that Warren Buffet bought a billion dollars worth of Apple, Inc stock. Shares are up 4.0% today.

Not only that: I told investors not to panic and hold on during last week's correction even as forecasts for recession, market crashes, etc were flying around.

NOBODY has this kind of flows and MMT analysis. This is the only APPLIED MMT report you will find anywhere.

Don't wait...sign up for your free, 30-day trial now!!