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For all his stumbling, Joe Biden managed to successfully spin two narratives.

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.

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Should traders pray for state intervention in foreign exchange markets?

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?

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I have come to see that trading is the skill we need going forward into the 21st century …

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 …

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The lies behind “building wealth.”

Since I was not surrounded by material wealth, I fell for the narrative of career growth, home investing, real estate, business growth, etc. If those approaches worked, by my estimate over 60% of Americans would not be concerned about running out of money before aged 70. So many of us have fallen for that traditional path to material wealth that cynicism toward professional networking events like these is warranted. Continue reading The lies behind “building wealth.”

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I heard you should trade like a central bank. Let’s see what the Federal Reserve trading desks are waking up to on 5 September 2023.

The old adage is that 99% of retail traders fail. I believe that we are failing because we are not good at obtaining and trading the most valuable commodity: information and knowledge. That failure is compounded when we push up against the hourglass of time. Continue reading I heard you should trade like a central bank. Let’s see what the Federal Reserve trading desks are waking up to on 5 September 2023.