Whether at the Republican or Democratic national conventions, the architects and engineers of government, the career bureaucrats, were nowhere on stage, in front of a camera, or even posting on social media. They understand that to effectively manage their licenses to exploit and regulate human behavior, desires, and needs, they must stay behind the green … Continue reading Managing constituents: Governance and showtime.
As of 10:03 am today, Bloomberg reports a yield of 4.05% and 3.88% on two-year and 10-year U.S. Treasuries, respectively. Data as of 16 August from the Board of Governors of the Federal Reserve System reported two-year and 10-year yields of 4.08% and 3.92%, respectively. Meanwhile, the markets are betting on a cut in the … Continue reading As the Democratic national convention ramps up, what numbers are we looking at?
Will Georgia see more federal largesse directed to the Peach State under a Congress and White House managed by the Democratic Party or managed under the Republican Party? Most of the electorate get hung up on personality and culture war issues while ignoring the business aspect of executive and legislative power. The taxing power relationship … Continue reading Georgia businesses and consumers should start crunching the numbers under a Harris or Trump presidency…
Elon Musk interviewed Republican presidential candidate Donald J. Trump today. It happened around the time of my daily walk, so I admit that the interview was not top of mind for me. I am guessing nothing different was said by the former president based on the lack of change in the buy price of a … Continue reading So, there was an interview of Donald Trump on X today? Sorry I missed it.
When Congress passed into law the Full Employment and Balanced Growth Act of 1978, it called on the Congress, the President, and the Board of Governors of the Federal Reserve System to coordinate on economic policy for the purpose of battling inflation and unemployment and securing economic growth. I believe this means that when the president proposes her goals and targets for the economy that she is able to persuade fiscal and monetary policy makers to reconcile their goals with hers. Continue reading The Full Employment Act. Ignored by Trump and Harris alike…
Also, how fickle are Ms. Harris’ supporters? Ms. Harris’ popularity last year around this time was on par with the low approval ratings received by President Biden. Ms. Harris is enjoying a climb in the preference department, but as her record is challenged, will enough of her initial supporters jump ship and numbers move back in favor to Mr. Trump? Continue reading I’m not expecting any political events to move the political events markets today …
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.
By 4:25 pm yesterday, the yield on the ten-year bond was at 4.38%, according to data from Bloomberg. No change from the reading when the market opened at 9:30 am. The KBW Bank Index ended at 104.73 up from 103.52 at market opening. The S&P Utilities Select Sector Index yesterday closed at 737.49, up from … Continue reading The choice of Tim Walz did not appear to move markets much …
Southern Company reported that its stock price fell to $86.57, down $2.01, or 2.27%. That was in line with the decrease in the S&P Utilities Select Sector Index which fell approximately 2.69% from 751.69 to 731.47. The markets are reportedly spooked by perceived slowdown in the economy and the possibility that companies pushing artificial intelligence … Continue reading Utilities did not escape the markets worries about the economy.
Lawyers Write the Bets. Bankers Sell the Bets. 