Yesterday, I visited the Federal Elections Commission’s website to take a look at the donation activity of primary dealers. Primary dealers are counterparties to trades initiated by the Federal Reserve Bank of New York when the bank is conducting monetary policy for the Federal Reserve System. In an admittedly simplistic example, if the Federal Reserve … Continue reading Managing the Trump or Harris trade
Will Georgia see more federal largesse directed to the Peach State under a Congress and White House managed by the Democratic Party or managed under the Republican Party? Most of the electorate get hung up on personality and culture war issues while ignoring the business aspect of executive and legislative power. The taxing power relationship … Continue reading Georgia businesses and consumers should start crunching the numbers under a Harris or Trump presidency…
Elon Musk interviewed Republican presidential candidate Donald J. Trump today. It happened around the time of my daily walk, so I admit that the interview was not top of mind for me. I am guessing nothing different was said by the former president based on the lack of change in the buy price of a … Continue reading So, there was an interview of Donald Trump on X today? Sorry I missed it.
When Congress passed into law the Full Employment and Balanced Growth Act of 1978, it called on the Congress, the President, and the Board of Governors of the Federal Reserve System to coordinate on economic policy for the purpose of battling inflation and unemployment and securing economic growth. I believe this means that when the president proposes her goals and targets for the economy that she is able to persuade fiscal and monetary policy makers to reconcile their goals with hers. Continue reading The Full Employment Act. Ignored by Trump and Harris alike…
Also, how fickle are Ms. Harris’ supporters? Ms. Harris’ popularity last year around this time was on par with the low approval ratings received by President Biden. Ms. Harris is enjoying a climb in the preference department, but as her record is challenged, will enough of her initial supporters jump ship and numbers move back in favor to Mr. Trump? Continue reading I’m not expecting any political events to move the political events markets today …
When you think about government, you should allow yourself to go outside the box. It means looking at the realities of human behavior and how we relate to each other. The only reason humans force themselves to be together is for the exchange of value. The values exchanged could be promises of physical protection exchanged … Continue reading As I wait for Kamala Harris’ inflation plan, I am convinced she knows nothing about monetary policy.
It is tough to nail down Ms. Harris’ view on the currency and interest rates since Mr. Biden’s announcement three days ago that he was discontinuing his campaign for a second term. So far, her outreach efforts have included a couple speeches to black sororities, a meet and greet with her campaign staff in Wilmington, … Continue reading In the immediate term, the next president will have to think about who the next Fed chair will be.
Employment will be on the minds of the financial press between now and 2 August when the jobs situation report data is released. Between now and then, two unemployment claims reports will be released and the Board of Governors of the Federal Reserve System would have made their decision on the federal funds rate. The … Continue reading Threat to democracy? How about messaging on the threat to employment
The buy price for a Donald Trump victory this November is $.58, according to political market site, PredictIt. Kamala Harris has a lesser chance of winning, with her buy price at $.44. That price has increased $.02 since around 9:18 am. The price likely jumped as Ms. Harris continued to pick up more endorsements. Another … Continue reading Kamala Harris v Donald Trump: At 11:25 am, what are the betting markets saying?
Lawyers Write the Bets. Bankers Sell the Bets. 