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As I wait for Kamala Harris’ inflation plan, I am convinced she knows nothing about monetary policy.

When you think about government, you should allow yourself to go outside the box. It means looking at the realities of human behavior and how we relate to each other. The only reason humans force themselves to be together is for the exchange of value. The values exchanged could be promises of physical protection exchanged … Continue reading As I wait for Kamala Harris’ inflation plan, I am convinced she knows nothing about monetary policy.

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Jobs report may have voters asking whether Harris or Trump is the better steward of the future economy

The U.S. Bureau of Labor Statistics reported that 114,000 jobs were created in July 2024. That is a miss from the 175,000 added jobs estimated by the financial markets. Unemployment has ticked up to 4.3%, another miss from the consensus estimate of 4.1%. Most job growth occurred in the non-productive sectors of the economy, namely … Continue reading Jobs report may have voters asking whether Harris or Trump is the better steward of the future economy

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Traders and activist investors: Stakeholder analysis of parties to a regulatory action.

Ten years ago, I was asked to represent a social justice organization before the Florida Public Service Commission. The Commission was considering its ten-year integrated resource plan. By general definition, an integrated resource plan is a utility’s description of its resource needs, policy goals, physical, economic, and financial needs, and proposed roadmap for meeting those … Continue reading Traders and activist investors: Stakeholder analysis of parties to a regulatory action.

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Netanyahu addresses Congress. No slow down or turning back.

2:02 pm. As we wait on Israeli prime minister Binyamin Netanyahu to speak, the USD/ILS is trading at 3.6470, according to data from x-rates.com. 2:08 pm. Netanyahu begins his remarks. “We meet today in the crossroads of history”, says, Netanyahu, telling Congress that in the Middle East there is a clash between barbarism and civilization” … Continue reading Netanyahu addresses Congress. No slow down or turning back.

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Senate hearings on Federal Reserve monetary policy: Warnock surprised me today.

U.S. Senator Raphael Warnock, Democrat of Georgia, used his time during today’s U.S. Senate Committee on Banking, Housing and Urban Affairs hearing on monetary policy to tie the problem of affordable housing in Georgia to Federal Reserve System rate setting. Jerome Powell, chairman of the Board of Governors of the Federal Reserve System pointed out … Continue reading Senate hearings on Federal Reserve monetary policy: Warnock surprised me today.

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Interbank market news scan: Reference, foreign exchange, and administrative rates as of 9pm EST

Effective Federal Funds Rate: 5.33% Overnight Bank Funding Rate: 5.32% Secured Overnight Financing Rate: 5.33% Broad General Collateral Rate: 5.32% Tri-Party General Collateral Rate: 5.32% Interest on Reserve Balances: 5.40% Discount Window: 5.50% EUR/USD=1.0699 GBP/USD=1.2685 AUD/USD=0.6617 USD/JPY=157.2800 Sources: Board of Governors-Federal Reserve System. Federal Reserve Bank of New York. (What to step up your trading … Continue reading Interbank market news scan: Reference, foreign exchange, and administrative rates as of 9pm EST