Does being black mean having nothing to trade politically?
Will blacks have to create an alternative device for influencing American politics? Continue reading Does being black mean having nothing to trade politically?
Category: Republican Party
Joe Biden and the word salad that is democracy.
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.
Federal Reserve’s true dual mandate: No central bank in its right mind wants to reduce inflation.
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.
Traders should not care whether a candidate is Republican or Democrat. It’s the tax flow that matters.
People connect for the purpose of exchanging value. No value, no reason to connect. Money is energy that we exchange with each other. The State seeks to extract a portion of that energy in the form of taxes. It uses market transactions as generators of taxable events. The taxes collected on these events fund the … Continue reading Traders should not care whether a candidate is Republican or Democrat. It’s the tax flow that matters.
Foreign exchange: The dollar appears to be following the extended higher rates narrative and Washington is helping …
U.S. Representative Matt Gaetz, Republican of Florida, made an off the cuff statement today to reporters about the U.S. dollar when asked about efforts to remove U.S. Speaker of the House Kevin McCarthy, Republican of California, from his leadership position. Mr Gaetz has been taking issue with Speaker McCarthy’s apparent temporary alliance with Democrats after … Continue reading Foreign exchange: The dollar appears to be following the extended higher rates narrative and Washington is helping …
The major questions doctrine: Using the administrative state to mask centralization of executive power.
Rather than calling attention to himself by eliminating administrative agencies, the next President could maintain the facade of an executive that democratically represents Americans by distributing power to independent agencies. Continue reading The major questions doctrine: Using the administrative state to mask centralization of executive power.
Should the American State return to mercantilism?
The takeaway: Should the State change its economic policy … The Government (the Executive and his Cabinet), with State approval, chooses capitalism and democracy as the political economic plan (policy) for managing the nation-state’s tax and profit extraction process. Since government is a human system, its managers will go off script and introduce chaos into … Continue reading Should the American State return to mercantilism?
The political party that wins the franchise on government should always think about yield.
The takeaway: Underwrite the political management company that understands yield… A very simple model of the needs of the State includes sustenance from bond yields, rents, and commodity prices. The Executive executes State power. The Congress codifies State power. The Judiciary clarifies State power. To maximize the yields acquired by the State, these powers should … Continue reading The political party that wins the franchise on government should always think about yield.
Interbank market news scan: Rates on Treasurys continue to inch up in week prior to Fed Day
On this first impression I expect both chambers of Congress to make the supposed banking crisis less of an issue especially as we move further into the campaign season. Congress, particularly congressional Democrats, do not want to be perceived as facilitators of a worsening political economy. Continue reading Interbank market news scan: Rates on Treasurys continue to inch up in week prior to Fed Day
Lawyers Write the Bets. Bankers Sell the Bets. 