Category: government affairs

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Should traders pray for state intervention in foreign exchange markets?

If I am assessing the probability of the exchange rate of a currency pair exceeding a certain price at a certain time, that expectation is going to be based, in part, on what government action may or may not occur. For all the anti-intervention chatter we hear from asset managers all over mainstream and social media, going through the following back-of-the napkin exercise has brought me to a contrarian view. Maybe some of these asset managers would like to see some kind of government action that creates profits for them. Continue reading Should traders pray for state intervention in foreign exchange markets?

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What are the foreign exchange rates, Treasury rates, and reference rates as reported by the Federal Reserve on 11 August 2023, 12:18 am EST.

Foreign Exchange EUR/USD=1.1056 GBP/USD=1.2775 AUD/USD=0.6605 NZD/USD=0.6127 USD/CHF=0.8713 USD/JPY=141.7900 Treasuries 30-yr=4.18% 10-yr=4.00 Reference Rates Discount Window=5.50% Interest on Reserve Balances=5.40% Effective Federal Funds Rate=5.33% Overnight Reverse Repo Rate=5.30 Sources: Board of Governors-Federal Reserve System. Federal Reserve Bank of New York. Disclaimer: The data and output from this blog post does not constitute investment or legal advice and … Continue reading What are the foreign exchange rates, Treasury rates, and reference rates as reported by the Federal Reserve on 11 August 2023, 12:18 am EST.

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Corporations: Revamping the corporate form to protect against allegations of predatory pricing.

No entrepreneur should pursue an ego-laden plan to build a business, which includes the renting of physical and labor resources. Any renting should be limited to renting additional funds from a bank or other investors. Also, in the case of predatory pricing, the entrepreneur-venture capitalist should audit her external and internal communications to ensure that they are not connected to inquiries about predatory pricing. Continue reading Corporations: Revamping the corporate form to protect against allegations of predatory pricing.