Employment will be on the minds of the financial press between now and 2 August when the jobs situation report data is released. Between now and then, two unemployment claims reports will be released and the Board of Governors of the Federal Reserve System would have made their decision on the federal funds rate. The … Continue reading Threat to democracy? How about messaging on the threat to employment
At 2:27 pm EST, we are waiting for Vice-President Harris to deliver remarks in Milwaukee, Wisconsin. Real Clear Politics has Ms. Harris at 46.6% in the polls while former president Donald J. Trump is polling at 48.5%. The prediction markets have shown incremental upward change in Ms Harris’ favor since earlier this morning. Polymarket has … Continue reading What did Kamala Harris say today, and did it move the polls and prediction markets?
The buy price for a Donald Trump victory this November is $.58, according to political market site, PredictIt. Kamala Harris has a lesser chance of winning, with her buy price at $.44. That price has increased $.02 since around 9:18 am. The price likely jumped as Ms. Harris continued to pick up more endorsements. Another … Continue reading Kamala Harris v Donald Trump: At 11:25 am, what are the betting markets saying?
Bloomberg yesterday reported that 44 million black women raised $1.5 million for Vice-President Kamala Harris within a three-hour period. Among the supporters were Bernice King, daughter of the late Dr. Martin Luther King, Jr; U.S. Representative Maxine Waters, Democrat of California; U.S. Representative Joyce Beatty, Democrat of Ohio; and U.S. Representative Jasmine Crockett, Democrat of … Continue reading Reassessing the strength of Black support for Kamala Harris.
Donald Trump’s criticism of labor unions last week at the Republican national convention apparently gave unions further license to support the Democrats. That support, due to a decision by President Joe Biden to not pursue his party’s nomination for a second term, has passed directly to Kamala Harris. Today, the AFL-CIO unanimously endorsed Ms. Harris … Continue reading Kamala Harris strengthens her street cred with labor. Gets support of the AFL-CIO.
I visited kamalaharris.com today to find out more specifics as to Vice-President Harris’ position on banking or any other issues she deemed important to her campaign. To say her website is lacking would be an understatement. If you are ready to make donations, her site, as situated, is for you. Also, if you are willing … Continue reading Kamala Harris isn’t ready to share her independent ideas … yet
In the 24 hours since President Joe Biden announced that he would not seek the Democratic Party nomination for president, the press has been analyzing and forecasting the positions Ms. Harris may take on a number of social and fiscal policy issues. Because my focus is on the banking system, I tried to nail down … Continue reading Could Harris be moved to a position to spin a positive narrative on banking?
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.
The classic difference between investing and trading is as follows. According to Investopedia, investors seek larger returns over an extended period of time through buying and holding. Traders, on the other hand, take advantage of both falling and rising markets to exit and enter positions over a shorter period of time taking smaller or more … Continue reading My trade thesis. Flip a dollar
Lawyers Write the Bets. Bankers Sell the Bets. 