Category: government affairs

Posted on

The attorney’s role in a political economy goes beyond chasing ambulances ….

Watching a television commercial featuring an attorney claiming how much money he can win for you in a personal injury suit or seeing a billboard featuring extravagantly dressed attorneys standing in front of a Rolls Royce is enough to give consumers the impression that attorneys are nothing but ambulance chasers. I can see why the … Continue reading The attorney’s role in a political economy goes beyond chasing ambulances ….

Posted on

For all his stumbling, Joe Biden managed to successfully spin two narratives.

The State relies on the political means of extracting financial energy. The political means are based in coercion, a coercion that combines police power with the narratives produced from executive orders and rules; court opinions, and legislation from Congress. Mr Biden, as America’s chief political officer thus chief architect of the political means, was able enough not to weaken this narrative.

Mr Biden’s remarks, fumbling speech and all, was a smart one. Continue reading For all his stumbling, Joe Biden managed to successfully spin two narratives.

Posted on

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?

Posted on

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.