money – Page 7 – Lawyers Write the Bets. Bankers Sell the Bets.

November 27, 2023November 30, 2023

What is the federal funds rate? Should the Fed worry about not meeting its mandates under law?

Today’s rates …. 30-Day Federal Funds Futures: 94.69. Effective Federal Funds Rate: 5.33%. Interest on Reserve Balances: 5.40%. Discount Window: 5.50%. CME FedWatch: 96.8%. EUR/USD=1.0931. GBP/USD=1.2594. USD/JPY=149.6608. (Foreign exchange rates as of 7:38 pm EDT.) Today’s definition … Federal funds rate-the interest rate at which depository institutions lend reserve balances to other depository institutions overnight. … Continue reading What is the federal funds rate? Should the Fed worry about not meeting its mandates under law?

November 24, 2023

Interbank market: Federal Reserve rates for a holiday shortened week and Fed clarity.

Today’s rates … 30-Day Federal Funds Futures: 94.70. Effective Federal Funds Rate: 5.33%. Interest on Reserve Balances: 5.40. Discount Window: 5.50%. EUR/USD=1.0923. USD/JPY=149.4885. Today’s definition …. interbank market– “The interbank market is a global network utilized by financial institutions to trade currencies and other currency derivatives directly between themselves. While some interbank trading is done by banks on … Continue reading Interbank market: Federal Reserve rates for a holiday shortened week and Fed clarity.

November 21, 2023November 30, 2023

Is the Federal Reserve really not needed?

The issue for me is whether the Federal Reserve is acting as a regulator of the interbank market or are banks regulating themselves, using the fed funds rate and IORB as caps and borrowing from the discount window when there is no other choice. Continue reading Is the Federal Reserve really not needed?

October 26, 2023October 26, 2023

Merchants, traders, brokers and the future of trade…

Trade has always been limited to those with control over commodities and access to credit. Merchant/broker/traders have always been in the data gathering business. It is no surprise that merchant/broker/traders sit on and trade valuable, actionable data. Movement of the data gathered by merchant/broker/traders have moved on an OI (organic intelligence) infrastructure for centuries. This … Continue reading Merchants, traders, brokers and the future of trade…

October 23, 2023

What is the Federal Reserve’s sentiment prior to its November meeting? Does it impact you?

We are in the quiet period here in the United States where the Federal Reserve conducts its media blackout prior to its next Federal Open Market Committee meeting. The markets are expecting at least one more change in the federal funds rate, the rate at which member banks lend each a portion of the reserves … Continue reading What is the Federal Reserve’s sentiment prior to its November meeting? Does it impact you?

October 19, 2023

Interbank market: At 11: 56 pm EST, no change in the 30-day Federal Funds Futures …

The data … 30-day Federal Funds Futures: 94.55 Interest on Reserve Balances: 5.40% Discount Window: 5.50% Effective Federal Funds Rate: 5.33% U.S. Treasury 10-year bond: 4.91% The takeaway … Between August 2022 and August 2023, the U.S. monetary base has fallen 2.36%. The monetary base is comprised of currency in circulation and reserve balances. Currency … Continue reading Interbank market: At 11: 56 pm EST, no change in the 30-day Federal Funds Futures …

October 15, 2023

Market makers: How do you extract energy from the economy?

How do you as a market maker extract energy from the political economy? First, under your role within the State. You are the State. Bankers, lawyers, traders, and commodities owners and producers are the State. Within this group is held the philosophy and narrative for the extortion of the underlying political economy. When I say … Continue reading Market makers: How do you extract energy from the economy?

September 19, 2023September 19, 2023

Just how much does it take to retire?

From a political standpoint, this narrative is far more powerful than anything either Republicans or Democrats can come up with. Can the U.S. government subsidize the shortfall in capital accumulation that a pensioner will need to sustain themselves? This is the question often overlooked as America moves closer to mid-century. Continue reading Just how much does it take to retire?

September 7, 2023September 7, 2023

The lies behind “building wealth.”

Since I was not surrounded by material wealth, I fell for the narrative of career growth, home investing, real estate, business growth, etc. If those approaches worked, by my estimate over 60% of Americans would not be concerned about running out of money before aged 70. So many of us have fallen for that traditional path to material wealth that cynicism toward professional networking events like these is warranted. Continue reading The lies behind “building wealth.”