Author: Alton Drew

I graduated from The Florida State University with a Bachelor of Science in economics and political science (1984); a Master of Public Administration (1993); and a Juris Doctor (1999). I am a member of the Maryland Bar and practice political law. You can email me at altondrew@gmail.com.
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What was missing from last night’s debate? An idea as to who will lead a Trump or Harris economy.

What I did not hear last night: who will be your pick for chairman of the Council of Economic Advisors? Who will be the director of the National Economic Council? Who would you select as chairman of the Board of Governors-Federal Reserve System? Who will you choose as Treasury secretary? (People are looking for ways … Continue reading What was missing from last night’s debate? An idea as to who will lead a Trump or Harris economy.

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Other than munching on some popcorn, tonight’s debate shouldn’t bring much benefit to traders.

Tonight’s debate between Vice President Kamala Harris and former president Donald Trump will likely leave traders with more questions than answers about how each candidate will use Executive power under the Constitution to drive expansion in the economy. The top concern of most Americans is how each candidate proposes to put a car in every … Continue reading Other than munching on some popcorn, tonight’s debate shouldn’t bring much benefit to traders.

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Shouldn’t weak jobs numbers from Labor and ADP result in higher rated debt?

The markets are looking forward to a reduction in less than two weeks in the federal funds target rate. According to the CME FedWatch tool, there is a 59% chance that the Federal Open Market Committee will reduce the federal funds target rate by 25 basis points. This means that the overnight rate target range … Continue reading Shouldn’t weak jobs numbers from Labor and ADP result in higher rated debt?

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Was RFK, Jr. thrown under the bus to promote the new demographic order?

Robert F. Kennedy, Jr., suspended his candidacy last Friday after sharing with his supporters his belief that he saw no path to winning the Electoral College votes necessary for winning the presidency. In a speech announcing the suspension of his campaign, Mr. Kennedy shared the observation that, “In the name of saving democracy, the Democratic … Continue reading Was RFK, Jr. thrown under the bus to promote the new demographic order?

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Managing constituents: Governance and showtime.

Whether at the Republican or Democratic national conventions, the architects and engineers of government, the career bureaucrats, were nowhere on stage, in front of a camera, or even posting on social media. They understand that to effectively manage their licenses to exploit and regulate human behavior, desires, and needs, they must stay behind the green … Continue reading Managing constituents: Governance and showtime.

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As the Democratic national convention ramps up, what numbers are we looking at?

As of 10:03 am today, Bloomberg reports a yield of 4.05% and 3.88% on two-year and 10-year U.S. Treasuries, respectively. Data as of 16 August from the Board of Governors of the Federal Reserve System reported two-year and 10-year yields of 4.08% and 3.92%, respectively. Meanwhile, the markets are betting on a cut in the … Continue reading As the Democratic national convention ramps up, what numbers are we looking at?