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
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.
Lawyers Write the Bets. Bankers Sell the Bets. 