For the past couple of years, I have been listening to the debate between the gold bugs and the crypto bros. After listening to the arguments, I came up with my own definition of money which I may have shared in the past. Money is energy plus sweat plus output. It is sound money where … Continue reading Are gold and crypto energy?
What we are reading … U.S. Treasury. Michael Faulkender. “Yesterday, the United States Senate confirmed Michael Faulkender to be the Deputy Secretary of the United States Department of the Treasury.” — U.S. Department of the Treasury. Note: Deputy Secretary Faulkender spent almost 17 years in academia, according to his LinkedIn profile. He also spent three … Continue reading U.S.-Eastern Caribbean Interbank Market News Scan as of 1:39 pm AST: Is the PCE index keeping hindering progress to two-percent target?
What we are reading today … White House. Venezuela. Tariffs. “On or after April 2, 2025, a tariff of 25 percent may be imposed on all goods imported into the United States from any country that imports Venezuelan oil, whether directly from Venezuela or indirectly through third parties. Duties imposed by this order will be … Continue reading U.S.-Eastern Caribbean Interbank Market News Scan as of 11:00 am AST: Trump’s tariffs on Venezuela appears to have little impact on the Eastern Caribbean; European money supply increases.
The Takeaway: Is the Eastern Caribbean legal framework preventing a trade opportunity in complimentary currency? Fractional reserve banking is the milk of the poppy that even Caribbean central banks may not be able to shake (Sorry. I have been reading A Game of Thrones). This thought popped into my mind while listening to a webinar … Continue reading U.S.-Eastern Caribbean Interbank and Money Markets: Is the Eastern Caribbean legal framework preventing a trade in complementary currency?
Foreign exchange per the Board of Governors of the Federal Reserve System. EUR/USD=1.0872 GBP/USD=1.2917 USD/JPY=148.5100 Foreign exchange per the Eastern Caribbean Central Bank. USD/XCD=2.70 GBP/XCD=3.50703 EUR/XCD=2.95475 CAD/XCD=1.89095 JPY/XCD=0.01803 KWD/XCD=8.76751 AED/XCD=0.73513 NGN/XCD=0.00175 CNH/XCD=0.37372 Foreign exchange per the Central Bank of Barbados. USD/BBD=1.980000 GBP/BBD=2.545900 EUR/BBD=2.139360 CAD/BBD=1.382520 Foreign exchange per the Central Bank of Trinidad and Tobago. USD/TTD=6.7152 … Continue reading Caribbean Law, Interbank and Money Markets: FX rates of interest as of 6:06 pm AST
Law Review: Has LIBOR price manipulation risk been replaced by SOFR volatility risk? Investopedia, a finance news website, defines a reference rate as an interest rate benchmark designed to set other interest rates. Reference rates may be found in mortgage agreements and sophisticated mortgage rate swaps. They act as benchmarks for the performance of a … Continue reading Law, Interbank, and Money Markets: Has LIBOR price manipulation risk been replaced by SOFR volatility risk?
The Takeaway: Don’t get triggered by the politics. One man is not the economy. No amount of reason is going to quiet the Trump Derangement Syndrome running rampant through the electorate of the United States. I am in the camp that the President does not have a reach extensive enough to put a negative dent … Continue reading Currency and money markets news scan: Don’t get triggered by the politics. One man is not the economy.
The takeaway: Trump wants a balanced budget, but half the work is already done. 15 USC § 3101(b)(2) lists as one of the goals for economic growth a balanced budget. Specifically, the section reads: “(2) Aggregate monetary and fiscal policies alone have been unable to achieve full employment and production, increased real income, balanced growth, … Continue reading Currency and money markets news scan: Trump wants to reverse an “inflation catastrophe.”
The takeaway: As Trump seeks to weaken the US currency, he calls out Japan and China for doing likewise. Joseph Adinolfi yesterday wrote for MarketWatch that supporters of President Trump as well as members of the administration would like the President to consider policy that would weaken the US dollar while maintaining the dollar’s status … Continue reading Currency and money markets news scan: Three Fed reference rates see an uptick. China, Japan receive warning about weakening currency.
Lawyers Write the Bets. Bankers Sell the Bets. 