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I am glad Mike is finally finding some work, Kudos Mike. Still I want Mike to go on TV and have a jerry maguire moment and do an anti-cramer and scream into the TV. He should yell to the citizens that even though the government may give incentives to be a trading clown sitting in front of a bloomberg trading terminal all day, what a waste of human life that is. He can then stand up and kick one of cavuto’s trading terminals to the ground and start smashing it jumping up and down on it screaming his disgust for liquidity fetishes and that tick by tick day trading should be made illegal. Sadly I don’t think Mike will do this, I think he will continue to be a lemming to the silly government policies and taxes, continue to waste his life trading currencies and stocks and all that other mess back and forth day after day on his trading terminal ;(
It is not just a daytrading issue though Mike, many CEO’s say even quarterly “beat the street by a penny” sillyness is breaking the prosperity of our world, do you trade once every 3 months? Keynes didn’t single out liquidity fetishes as the worst devil of all for no reason did he?
Mike, from the video on your site, that Cavuto guys is totally out of paradigm. Anyway, I’d like to see you criticize current and past policy makers for not understanding the dynamics of fiat money. And, as a chartalist, I would have liked to hear you calling for the payroll tax holiday as well as the spending programs like Dr Wray and Warren have.
Cavuto was one of the first anchors on CNBC 20 years ago, he singlehandedly is probably one of the MAIN culprits on this planet that contributes to liquidity fetishes. When Keynes was talking to the USA leaders all those decades ago, the USA was the largest creditor nation, we are now the largest debtor nation.
Mike, daytrading is a start, so you are going to go on Cavuto and demand for laws outlawing that right?