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Interbank Market News Scan: The real free market is the one between commodities owners, merchants, and traders.

You would swear that America has a labor centric economic policy especially when jobs day comes around. The labor centric sentiment is fleeting. The inordinate amount of attention that is given to the Federal Reserve and monetary policy tells me its more about the financial markets and a lot less about the labor markets. Continue reading Interbank Market News Scan: The real free market is the one between commodities owners, merchants, and traders.

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Interbank Market News Scan: What the fed funds futures market is telling me …

The Federal Reserve Discount Window rate is up to 5.25% after the Federal Open Market Committee decided yesterday to increase its fed funds target range to 5.00% to 5.25%. At this writing, the Federal Funds Futures quote is 95.31 which reflects an average effective fed funds rate of 4.69%. Given that the target range was … Continue reading Interbank Market News Scan: What the fed funds futures market is telling me …

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Should the American State return to mercantilism?

The takeaway: Should the State change its economic policy … The Government (the Executive and his Cabinet), with State approval, chooses capitalism and democracy as the political economic plan (policy) for managing the nation-state’s tax and profit extraction process. Since government is a human system, its managers will go off script and introduce chaos into … Continue reading Should the American State return to mercantilism?

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The political party that wins the franchise on government should always think about yield.

The takeaway: Underwrite the political management company that understands yield… A very simple model of the needs of the State includes sustenance from bond yields, rents, and commodity prices. The Executive executes State power. The Congress codifies State power. The Judiciary clarifies State power. To maximize the yields acquired by the State, these powers should … Continue reading The political party that wins the franchise on government should always think about yield.

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The Community Reinvestment Act not an example of political outcome for blacks

Black politicians concerned about protecting their communities via banking should have been advocating that the Federal Reserve increase rates hard and fast. While the increase in rates would have been accompanied by a decrease in house prices, non-blacks would have thought twice about buying up black neighborhoods while black homeowners using data evincing falling values could have petitioned for lower property taxes based on those falling values. Continue reading The Community Reinvestment Act not an example of political outcome for blacks

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Interbank market news scan: Rates on Treasurys continue to inch up in week prior to Fed Day

On this first impression I expect both chambers of Congress to make the supposed banking crisis less of an issue especially as we move further into the campaign season. Congress, particularly congressional Democrats, do not want to be perceived as facilitators of a worsening political economy. Continue reading Interbank market news scan: Rates on Treasurys continue to inch up in week prior to Fed Day

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Interbank market news scan: How to sell the idea of CBDCs? By paying labor at the end of the day.

The takeaway: A strategy for selling the idea of CBDCs: Paying labor by the end of the day. It is time for non-asset holding members of the labor class to look at ourselves as traders of time versus mere employees. The trader spends his or her day managing their financial and time capital converting one … Continue reading Interbank market news scan: How to sell the idea of CBDCs? By paying labor at the end of the day.

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Interbank Market Scan: Latest Federal Reserve, Treasury rates of interest … and Joe Biden announces his re-election bid.

The takeaway: Joe Biden announces his re-election bid. Today, U.S. President Joseph R. Biden announced his candidacy for president in 2024. Since taking office in January 2021, Mr Biden has for the most part steered clear of adding onerous regulation to the banking sector. On the contrary, his infrastructure legislation and the spending that flows … Continue reading Interbank Market Scan: Latest Federal Reserve, Treasury rates of interest … and Joe Biden announces his re-election bid.

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Counsel on political leadership. The Democrats need a whole new slate.

Voters in general and Black voters in particular have allowed the Democratic leadership to get away with offering low hanging fruit disguised as something rare and valuable. In a political economy based on credit-capitalism where the government issues debt in order to raise capital for financing vote getting programs and wars, Democratic leadership should have as its primary focus strengthening the thread of the nation-state via its capital allocation (banking) system. Continue reading Counsel on political leadership. The Democrats need a whole new slate.