What I see this morning … It is 9:30 in the morning. I am giving some thought to the foreign exchange markets. The American market should be open now. Over the weekend, gold and silver markets took a beating as prices on gold and silver fell. These falls in prices did not take me by … Continue reading The continued fall-off in the tech labor market …
I am today listening to YouTube’s Antoine Wade’s, The Wade Report, where he is providing insights on Amazon, UPS, DOW. Mastercard, and Meta. Mr. Wade is focusing on the overall sentiment that while company performance is going up, at least for larger companies, the number of job postings is flat, except for postings that announced … Continue reading 2026 slowdowns appear to come faster.
From my trade desk … Yesterday, I had a brief conversation with my landlord about how tough it is in today’s labor market. I shared with him that my son had just left for graduate school up north. He shared his congratulations. I then shared with him how my son was one of the lucky … Continue reading Does the United States have the labor capacity to handle any benefits from its trade deal with the EU?
The takeaway …. As I get ready for the release of the jobs report, a thought on the relationship between the world’s major geographic regions hit me. Do western nations, primarily the United States, the United Kingdom, and Eurozone, really want to see a developed Africa, Asia, or Latin America? Would development of these areas … Continue reading Currency wars: Can the West afford an increasingly developed Africa, Asia, and Latin America?
Currency analyst and trader Kathy Lien shared this video where she discusses the reasons behind the current climb in dollar strength. She lists five major reasons. First, the US economy is doing well when compared to the Eurozone and Asia. Yields are increasing and attracting more investors. Second, the Trump return to the White House … Continue reading Is strong dollar policy antithesis of the Trump manufacturing agenda?
As the dust settles from the 2024 presidential election and yesterday’s Federal Reserve 25-basis point cut in the federal funds rate, I have been thinking about how the Democratic Party missed the opportunity to win votes based on how many Americans view the economy. According to data compiled by Pew Research, in September 2024, 81% … Continue reading Redefining the term, “economy.”
The Federal Reserve Bank of New York’s July 2024 survey of primary dealers determined that a number of America’s largest banks expected the chances of a 50-basis point cut in the fed funds target rate to be around five percent. Today, according to the CME FedWatch tool, the chances of a 50-basis point decrease is … Continue reading So why is the market betting on a 50-basis point cut?
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
Lawyers Write the Bets. Bankers Sell the Bets. 