Last night’s Super Tuesday primary victories for former U.S. president Donald J. Trump and incumbent president Joseph R. Biden were no surprise. So boring were the returns that I was in bed by 8:30 pm. For us mortals, the electorate, the worn-out questions are, “Which of these candidates best represents me?” and “Which of these … Continue reading Trump or Biden. Who can best obscure the battle on Mount Olympus?
It is 10:09 pm EST and the USD/JPY is trading at 150.4809 and the AUD/USD is at 0.6502. Former U.S. president Donald J. Trump got a victory in the U.S. Supreme Court where the court held that the state of Colorado did not have the authority to remove a federal candidate from their primary election … Continue reading On the eve of Super Tuesday, Trump gets a major U.S. Supreme Court victory …
I liken the Democratic and Republican parties as two major management companies pitching their management styles as the best one for managing the political economy. Political campaigns between Democrats and Republicans are public battles over whose philosophy and narrative should be allowed to guide the nation-state. As “privateers” for the political economy, banks and their trading … Continue reading How the Democratic and Republican philosophies differ on managing the value of the currency.
Will blacks have to create an alternative device for influencing American politics? Continue reading Does being black mean having nothing to trade politically?
A short piece in Bloomberg this afternoon briefly laid out U.S. president Joe Biden’s strategy for beating possible Republican Party nominee Donald Trump in the November 2024 general election. Sharing a quote from Mr Biden’s campaign manager as cited by Bloomberg: “We are treating this election like it will determine the fate of American democracy – … Continue reading Joe Biden and the word salad that is democracy.
The takeaway … I like to take a common man approach to understanding what is happening at the Federal Reserve, at least I try to. We hear all the academic and political explanations for why the Federal Reserve System exists, how it came about, etcetera, etcetera. Last night during the GOP presidential primary debates held … Continue reading Federal Reserve’s true dual mandate: No central bank in its right mind wants to reduce inflation.
The takeaway … The election is one year away, and President Joe Biden has some work to do. According to a The New York Times/Sienna College poll, Mr Biden is losing to Donald Trump in five of six pivotal states. Should forecasts hold, Mr Trump could very well carry the Electoral College by at least … Continue reading Why hasn’t Biden passed off to the Fed the blame for economic uncertainty?
People connect for the purpose of exchanging value. No value, no reason to connect. Money is energy that we exchange with each other. The State seeks to extract a portion of that energy in the form of taxes. It uses market transactions as generators of taxable events. The taxes collected on these events fund the … Continue reading Traders should not care whether a candidate is Republican or Democrat. It’s the tax flow that matters.
U.S. Representative Matt Gaetz, Republican of Florida, made an off the cuff statement today to reporters about the U.S. dollar when asked about efforts to remove U.S. Speaker of the House Kevin McCarthy, Republican of California, from his leadership position. Mr Gaetz has been taking issue with Speaker McCarthy’s apparent temporary alliance with Democrats after … Continue reading Foreign exchange: The dollar appears to be following the extended higher rates narrative and Washington is helping …
Lawyers Write the Bets. Bankers Sell the Bets. 