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It’s post Super Bowl Monday. What options contracts are in or out of the money.

Underlying Future Monthly option price-February 2024 Strike price Spot price   EUR FX (6EH4) 1.0806 1.1000 1.0792 Call option: OTM, Put option: ITM JPY/USD (6JH4) 0.0067385 0.00695 0.006701 Call option: OTM, Put option: ITM           Source: CME Group, x-rates.com. At 11:39 pm EST United States 10-year bond Germany 10-year bund Japan … Continue reading It’s post Super Bowl Monday. What options contracts are in or out of the money.

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The Federal Reserve, banking, and managing political theatrics ….

The Federal Open Market Committee issued a decision last Wednesday to maintain the target range of its federal funds rate between 5.25% and 5.50%. For banks that need to borrow from the Federal Reserve System’s discount window, rates for this lender of last resort facility is at 5.50%. Within the interbank market, banks will continue to see … Continue reading The Federal Reserve, banking, and managing political theatrics ….

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Should a president be allowed to manage the economy where she doesn’t provide actual facts?

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?

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One of those days where I think artificial intelligence is overhyped …

A few years back, I read Pierre Boulle‘s classic, “Planet of the Apes (1963).” I had the book sitting on my bookshelf since junior year in high school, ever since disco was still a thing. Fortunately, I kept the book as I moved from the Caribbean to and through the US mainland. Once I started to read it, … Continue reading One of those days where I think artificial intelligence is overhyped …

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Domestic mercantilism keeps the race question out of banking …

Lineage is the framework through which I see myself in this political economy. My views on the political economy are steeped in observing my family members participate in trade. I saw members of both sides of my family in the Eastern Caribbean act as retail and wholesale merchants. Through merchant activity they brought their communities value. Value gets … Continue reading Domestic mercantilism keeps the race question out of banking …

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Interest in Republican Nikki Haley perks up today as the Iowa caucuses draw near.

Google Trends showing an uptick in curiosity about Nikki Haley as the former South Carolina governor along with Donald Trump, Chris Christie, Ron DeSantis, and Vivek Ramaswamy prepare for the Iowa caucuses. Haley during searches conducted on 8 January 2024 came in second to former U.S. president Donald J Trump. Candidates DeSantis, Ramaswamy, and Christie are pulling … Continue reading Interest in Republican Nikki Haley perks up today as the Iowa caucuses draw near.

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How the Democratic and Republican philosophies differ on managing the value of the currency.

I liken the Democratic and Republican parties as two major management companies pitching their management styles as the best one for managing the political economy. Political campaigns between Democrats and Republicans are public battles over whose philosophy and narrative should be allowed to guide the nation-state. As “privateers” for the political economy, banks and their trading … Continue reading How the Democratic and Republican philosophies differ on managing the value of the currency.