economics – Lawyers Write the Bets. Bankers Sell the Bets.

January 21, 2025February 21, 2025

Interbank market news scan: Trump makes an inflation promise that he can’t keep.

U.S. President Donald J. Trump promised today during his inaugural address that he would address the levels of inflation brought on by government overspending and high energy costs. He offered as a solution the old mantra, “Drill, baby, drill” implying that increases in the supply of American extracted and processed oil and gas would increase … Continue reading Interbank market news scan: Trump makes an inflation promise that he can’t keep.

January 12, 2025

Is it time to stop listening to government messaging on the economy?

The asset holder views a good economy as one where she has the ability to bring good collateral to a prime broker, borrow at a prime rate, and spend the borrowed money on stuff while keeping hope alive that the value of the collateral she brings to the bank or the exchange survives a margin … Continue reading Is it time to stop listening to government messaging on the economy?

March 31, 2024

The Fed narrative and depositors. Is there a conflict?

A high school classmate shared with me her concern about looking for higher yielding accounts. Baby boomers closing in on retirement are either trying to accumulate more cash via compounding interest while saving more of our incomes and sticking those savings into accounts. Meanwhile the media is guiding our eyeballs and eardrums to the messaging … Continue reading The Fed narrative and depositors. Is there a conflict?