From a political standpoint, this narrative is far more powerful than anything either Republicans or Democrats can come up with. Can the U.S. government subsidize the shortfall in capital accumulation that a pensioner will need to sustain themselves? This is the question often overlooked as America moves closer to mid-century. Continue reading Just how much does it take to retire?
Rather than calling attention to himself by eliminating administrative agencies, the next President could maintain the facade of an executive that democratically represents Americans by distributing power to independent agencies. Continue reading The major questions doctrine: Using the administrative state to mask centralization of executive power.
The bar, media, church, and academy must present the illusion that all positions can be accommodated while in actuality only one position may prevail: that of the State.
True intellectualism is purposeful, narrow, and intentional. When it claims universality, it is properly masking its true intent. Continue reading True intellectualism equals deceitful narrative …
The State relies on the political means of extracting financial energy. The political means are based in coercion, a coercion that combines police power with the narratives produced from executive orders and rules; court opinions, and legislation from Congress. Mr Biden, as America’s chief political officer thus chief architect of the political means, was able enough not to weaken this narrative.
Mr Biden’s remarks, fumbling speech and all, was a smart one. Continue reading For all his stumbling, Joe Biden managed to successfully spin two narratives.
The Biden Administration’s narrative on the consumer price index lacked any support for or preferred direction of the US currency with today’s release of the consumer price index. Continue reading Consumer price index: The government’s narrative on inflation lacks support for its currency.
If I am assessing the probability of the exchange rate of a currency pair exceeding a certain price at a certain time, that expectation is going to be based, in part, on what government action may or may not occur. For all the anti-intervention chatter we hear from asset managers all over mainstream and social media, going through the following back-of-the napkin exercise has brought me to a contrarian view. Maybe some of these asset managers would like to see some kind of government action that creates profits for them. Continue reading Should traders pray for state intervention in foreign exchange markets?
Traders and investors may not be questioning Jerome Powell’s passion for piloting the economy, but they have been keeping their fingers crossed about a soft landing for the economy. Continue reading In terms of the economy, just what is a soft landing? It probably depends on where you are sitting.
And when it comes to policy, are policy makers spending too much time exchanging narrative between the ivory towers versus getting into the street behavior of the consumer whose spending sustains capital and bond markets? Continue reading The best leading economic indicators are found in these “skreets”…
The deluge of information makes it harder for we old heads to process info much less younger minds who are, unfortunately, not the greatest of critical thinkers. This need to vet leads to the second piece of insight: seek out platforms that can help you get to clarity. Continue reading I have come to see that trading is the skill we need going forward into the 21st century …
Lawyers Write the Bets. Bankers Sell the Bets. 