USD/JMD=154.3443 USD/BHS=1.00 USD/XCD=2.70 Sources: Bank of Jamaica, Central Bank of the Bahamas, Eastern Caribbean Central Bank. Ready for your next trader challenge? Visit http://toptiertrader.com/?ref=1449. Continue reading Caribbean: Foreign exchange rates as of 2:00 AST
Federal Reserve Bloomberg AUD/USD 0.6478 0.6406 GBP/USD 1.2457 1.2421 EUR/USD 1.0647 1.0618 USD/JPY 153.1200 154.6600 Source: Board of Governors-Federal Reserve System, Bloomberg. There is a trader challenge waiting for you. Visit https://traderswithedge.com/?r=348. Continue reading Foreign exchange rates as 1:26 am EST
A high school classmate shared with me her concern about looking for higher yielding accounts. Baby boomers closing in on retirement are either trying to accumulate more cash via compounding interest while saving more of our incomes and sticking those savings into accounts. Meanwhile the media is guiding our eyeballs and eardrums to the messaging … Continue reading The Fed narrative and depositors. Is there a conflict?
10-year bond yield and currency data from Bloomberg paint a quiet day in those markets. The GBP/USD stayed flat between 9:30 am to 4:15 pm with the rate going from 1.2686 to 1.2684. The EUR/USD was flat as well with ever so slight dollar weakening from 1.0847 to 1.0851 this afternoon. The Japanese yen demonstrated … Continue reading A quiet day yesterday in the United States as foreign exchange markets got ready for Asia to open.
If a president can’t give you full facts about the political economy, then should she be managing it? Last week, U.S. President Joe Biden announced that “inflation was at the pre-pandemic benchmark of 2 percent over the last six months of 2023.” The problem with this statement is that if year-over-year inflation was two percent during the … Continue reading Should a president be allowed to manage the economy where she doesn’t provide actual facts?
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…
It is tough to call the discussion on reparations for black American descendants of slaves a debate. It appears to me that any heat from the discussion is generated by the persistent dialogue amongst its supporters and a cool response from blacks who are both sympathetic but resigned to the high probability that the government of … Continue reading Reparations. Is the solution in the bond market?
I remember the Bally fitness club commercials from the 1980s. The clubs depicted in the advertisements seemed real glitzy and the actors in the spots all looked no older than twenty-five years old with bodies chiseled from being in the gym half the day. I could never relate to what I saw on the television. This was the … Continue reading Biden has poor narrative spinners…
Will blacks have to create an alternative device for influencing American politics? Continue reading Does being black mean having nothing to trade politically?
Lawyers Write the Bets. Bankers Sell the Bets. 