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?
AUD/USD=0.63201 There is more to Australia than the Australian Open, which I look forward to each year because it signals the beginning of the tennis season ( For my fellow tennis-heads, the dates are 14 January to 28 January 2024). Prior to the tennis hardcourt play down under is the political hardcourt play in the … Continue reading Will the AUD/USD keep falling through end of the week? Can Biden influence Albanese’s visit to China?
At 10:06 am as President Joe Biden began delivering remarks from Tel Aviv, the EUR/USD was 1.05475 and GBP/USD was 1.21622. Mr Biden reiterated that the United States supported Israel; that the Jewish state would not stand alone. Mr Biden also noted that the United States saw no higher priority than getting back American hostages. … Continue reading Biden supports a two-state solution for Israel and Palestine.
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.
The Biden Administration’s narrative on the consumer price index lacked any support for or preferred direction of the US currency with today’s release of the consumer price index. Continue reading Consumer price index: The government’s narrative on inflation lacks support for its currency.
If you don’t want to be on the consumed side of government (and we do not have to be), then how should you negotiate with government and what type of government should you be voting for? Continue reading Biden pushes consumption not wealth creation
The Speaker of the U.S. House, Kevin McCarthy, and the President of the United States, Joseph R. Biden, came to a tentative deal yesterday (Saturday, 27 May 2023) on the debt ceiling for the United States government. While a bill is still to be hammered out, MSN and Reuters report that the deal would put … Continue reading Consigliere: I am already seeing the impact of the debt ceiling deal…
Lawyers Write the Bets. Bankers Sell the Bets. 