Plenty of chatter on the business cable news channels and online press about the “Trump Trade.” The first time I heard this term, I was shuttled back to November 2016 when the business media proclaimed a “Trump Effect” on the markets. The media reported back then the market expectations of economic growth resulting from forecasted … Continue reading What is the Trump Trade? At a minimum, pre-mature.
So, a trader is sitting on a portfolio valued at USD1 million. Thirty percent of the portfolio is allocated to Treasurys; 25% to equities; 25% to gold; and 20% to real estate. They turn on their televisions and listen to an asset manager hustling her book that inflation is going to further whittle away at … Continue reading Connecting portfolio management to the Fed
I just read through opening remarks by Governor Michelle W, Bowman, a member of the Board of Governors of the Federal Reserve System, delivered today during a Fed Listens event in Chicago. Fed Listens is an initiative through which policy makers engage community stakeholders in order to determine how monetary policy is impacting the lives … Continue reading Does the Federal Reserve need better listening tools?
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.
This morning, I sent U.S. Senator Raphael Warnock and U.S. Representatives Nikema Williams and David Scott an email message about Federal Reserve chairman Jerome Powell’s upcoming testimony to Congress. He appears tomorrow before the U.S. Senate Committee on Banking, Housing and Urban Affairs and on Wednesday before the U.S. House Committee on Financial Services. “Looking … Continue reading My quick email to Nikema Williams, Raphael Warnock, and David Scott regarding Powell’s upcoming testimony.
Time Range Change in Money Supply Change in Personal Consumption Expenditure Change in Effective Federal Funds Rate January 2023 to January 2024 +9.66% +2.5% +23.09% February 2023 to February 2024 +10.81% +2.5% +16.63% March 2023 to March 2024 +5.59% +2.7% +10.35% April 2023 to April 2024 +3.26% +2.7% +10.35% May 2023 to May 2024 +2.79% … Continue reading Nationalist versus globalist. An activist investor treatment of government.
Eastern Caribbean Central Bank Foreign exchange rates: USD/XCD=2.7000 EUR/XCD=2.8881 GBP/XCD=3.4127 Monetary policy tools: Discount rate: 3.0% Call rate: 2.4% Source: Eastern Caribbean Central Bank. Government of St. Kitts and Nevis 45 Year Government Bond. Maturity Date: 18 April 2057. Interest rate: 1.50%. 20 Year Government Bond. Maturity Date: 18 April 2032. Interest rate: 3.00% Source: … Continue reading Eastern Caribbean Central Bank and St. Kitts-Nevis commercial bank rates as of 2:39 pm AST
Eastern Caribbean Central Bank Foreign exchange rates USD/XCD=2.7000 EUR/USD=2.8862 GBP/USD=3.4121 Monetary policy tools Discount Rate: 3.0% Call Rate: 2.4% Source: Eastern Caribbean Central Bank Government of St. Kitts and Nevis Sovereign Debt 45-year Government Bond-$134,406,530 XCD; Maturity 18 April 2057; Rate 1.50% 20-year Government Bond-$19,563,227 USD; Maturity 18 April 2032; Rate 3.00% Source: Eastern Caribbean … Continue reading Eastern Caribbean Central Bank and St. Kitts-Nevis commercial bank rates as of 11:54 am AST.
The Jamaican dollar strengthened against the U.S. dollar falling to USD/JMD =155.2098 from USD/JMD=155.6799 reported on 24 June 2024. The Trinidad dollar showed some weakening climbing from USD/TTD=6.7371 to USD/TTD=6.7558. USD/XCD=2.7000 USD/BBD=1.9800 USD/TTD=6.7558 USD/JMD=155.2098 USD/BSD=1.0000 USD/GYD=207.9800 Alton Drew 26 June 2024 Disclaimer: The data and output from this blog post does not constitute investment or legal … Continue reading Caribbean foreign exchange rates as of 8:54 am AST.
Lawyers Write the Bets. Bankers Sell the Bets. 