I remember the Bally fitness club commercials from the 1980s. The clubs depicted in the advertisements seemed real glitzy and the actors in the spots all looked no older than twenty-five years old with bodies chiseled from being in the gym half the day. I could never relate to what I saw on the television. This was the … Continue reading Biden has poor narrative spinners…
Will blacks have to create an alternative device for influencing American politics? Continue reading Does being black mean having nothing to trade politically?
A short piece in Bloomberg this afternoon briefly laid out U.S. president Joe Biden’s strategy for beating possible Republican Party nominee Donald Trump in the November 2024 general election. Sharing a quote from Mr Biden’s campaign manager as cited by Bloomberg: “We are treating this election like it will determine the fate of American democracy – … Continue reading Joe Biden and the word salad that is democracy.
Bill Ackman, a billionaire hedge fund manager, called out Harvard University president Claudine Gay as a beneficiary of diversity, equality, and inclusion. DEI, like CRT (critical race theory) is a concept I can do without. Both bowls of socio-politico alphabet soup are used by the political left to garner electoral votes. The concepts in the end do not … Continue reading In regard to Claudine Gay, black excellence has its limits.
At times I think that traders and bank depositors operate in sandboxes oblivious to the rest of the playground that surrounds their play area. The media offers enough noise to distract market participants from the philosophy that orders the interaction between the State, the banking system, and transactional markets. I consider banks to be the retailer of … Continue reading The Court’s role in supporting monetary policy.
The Federal Open Market Committee is set to meet on December 12-13, 2023 to determine the target range for the federal funds rate. The federal funds rate is the interest rate at which depository institutions lend balances held either at the Federal Reserve or in their bank vaults to other depository institutions overnight. The current … Continue reading The federal funds rate: In the end, is it not about supporting the banking system?
Today’s rates …. 30-Day Federal Funds Futures: 94.69. Effective Federal Funds Rate: 5.33%. Interest on Reserve Balances: 5.40%. Discount Window: 5.50%. CME FedWatch: 96.8%. EUR/USD=1.0931. GBP/USD=1.2594. USD/JPY=149.6608. (Foreign exchange rates as of 7:38 pm EDT.) Today’s definition … Federal funds rate-the interest rate at which depository institutions lend reserve balances to other depository institutions overnight. … Continue reading What is the federal funds rate? Should the Fed worry about not meeting its mandates under law?
An exchange does not have the luxury of secrets. An exchange must be transparent with pricing and guard against price manipulation. An exchange has to vet its member brokers and enforce its compliance rules fairly. The exchange does not have earth’s advantage of being indiscriminate. Continue reading Interbank market news scan: What is an exchange?
Today’s rates … 30-Day Federal Funds Futures: 94.70. Effective Federal Funds Rate: 5.33%. Interest on Reserve Balances: 5.40. Discount Window: 5.50%. EUR/USD=1.0923. USD/JPY=149.4885. Today’s definition …. interbank market– “The interbank market is a global network utilized by financial institutions to trade currencies and other currency derivatives directly between themselves. While some interbank trading is done by banks on … Continue reading Interbank market: Federal Reserve rates for a holiday shortened week and Fed clarity.
Lawyers Write the Bets. Bankers Sell the Bets. 