Interbank market news scan: As the GOP takes a closer look at monetary policy, does it risk extending inflation?

The monetary policy takeaway …. GOP members of the U.S. House Committee on Financial Services are flexing their constitutional muscles on monetary policy. On 4 March 2025, the Committee’s Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity will hold a hearing on monetary policy and economic prosperity. “The actions of the Federal … Continue reading Interbank market news scan: As the GOP takes a closer look at monetary policy, does it risk extending inflation?

Interbank market news scan: Is the U.S. House task force on monetary policy more political than monetary?

U.S. Representative French Hill, Republican of Arkansas and chairman of the U.S. House Committee on Financial Services, announced earlier this week the formation of the Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force. According to Mr. Hill’s statement: “The Committee’s new Task Force will conduct hearings looking into issues relating to monetary policy, … Continue reading Interbank market news scan: Is the U.S. House task force on monetary policy more political than monetary?

DOGE, the Impoundment Control Act, and Trump’s opportunity for a little political warfare.

So, Elon Musk wants to cut the U.S. federal budget by $2 trillion or approximately 29.85%. If we transferred that percentage cut to annualized 2024 3Q federal government consumption expenditures and gross investment of $1893.4 billion, accounting for 6.5% of gross domestic product, government consumption expenditures and gross investment would fall to approximately $1,328.2 billion. … Continue reading DOGE, the Impoundment Control Act, and Trump’s opportunity for a little political warfare.

Is strong dollar policy antithesis of the Trump manufacturing agenda?

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?

The Wes Moore gambit. The downside of Joe Biden not resigning full stop.

Around 1:46 pm today, President Joe Biden, via a letter to delegates, announced that he would not seek nor accept the nomination by the Democratic Party for president. I expected the announcement by tomorrow (Monday), but I guess a Sunday is good as any. More people at home to receive the news. The energy was … Continue reading The Wes Moore gambit. The downside of Joe Biden not resigning full stop.

Trump or Biden. Who can best obscure the battle on Mount Olympus?

Last night’s Super Tuesday primary victories for former U.S. president Donald J. Trump and incumbent president Joseph R. Biden were no surprise. So boring were the returns that I was in bed by 8:30 pm. For us mortals, the electorate, the worn-out questions are, “Which of these candidates best represents me?” and “Which of these … Continue reading Trump or Biden. Who can best obscure the battle on Mount Olympus?

Interest in Republican Nikki Haley perks up today as the Iowa caucuses draw near.

Google Trends showing an uptick in curiosity about Nikki Haley as the former South Carolina governor along with Donald Trump, Chris Christie, Ron DeSantis, and Vivek Ramaswamy prepare for the Iowa caucuses. Haley during searches conducted on 8 January 2024 came in second to former U.S. president Donald J Trump. Candidates DeSantis, Ramaswamy, and Christie are pulling … Continue reading Interest in Republican Nikki Haley perks up today as the Iowa caucuses draw near.

How the Democratic and Republican philosophies differ on managing the value of the currency.

I liken the Democratic and Republican parties as two major management companies pitching their management styles as the best one for managing the political economy. Political campaigns between Democrats and Republicans are public battles over whose philosophy and narrative should be allowed to guide the nation-state. As “privateers” for the political economy, banks and their trading … Continue reading How the Democratic and Republican philosophies differ on managing the value of the currency.

Beware of political strategists. Your goal is to become an agent of State power…

You should beware of today’s political strategist. Their job is to sell you on the idea of voting for certain candidates at best and, while they struggle with economics 101, sell you on proposed policies and legislation that supposedly are created to meet your self-interest. None of these strategists know you, but, according to their focus group … Continue reading Beware of political strategists. Your goal is to become an agent of State power…