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?
If a president can’t give you full facts about the political economy, then should she be managing it? Last week, U.S. President Joe Biden announced that “inflation was at the pre-pandemic benchmark of 2 percent over the last six months of 2023.” The problem with this statement is that if year-over-year inflation was two percent during the … Continue reading Should a president be allowed to manage the economy where she doesn’t provide actual facts?
The takeaway … The election is one year away, and President Joe Biden has some work to do. According to a The New York Times/Sienna College poll, Mr Biden is losing to Donald Trump in five of six pivotal states. Should forecasts hold, Mr Trump could very well carry the Electoral College by at least … Continue reading Why hasn’t Biden passed off to the Fed the blame for economic uncertainty?
We are in the quiet period here in the United States where the Federal Reserve conducts its media blackout prior to its next Federal Open Market Committee meeting. The markets are expecting at least one more change in the federal funds rate, the rate at which member banks lend each a portion of the reserves … Continue reading What is the Federal Reserve’s sentiment prior to its November meeting? Does it impact you?
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.
We cannot speak statistically to causation but do see a correlation between contraction in the economy and bankruptcy filings. If the Federal Reserve’s monetary policy is not yet done, the increase in bankruptcy filings may be far from over as well. Continue reading Bankruptcy filings, in my opinion, are telling of Federal Reserve’s attempts at slowing down the economy.
If you don’t want to be on the consumed side of government (and we do not have to be), then how should you negotiate with government and what type of government should you be voting for? Continue reading Biden pushes consumption not wealth creation
If there is an increase in average wages accompanied by a year-over-year inflation rate of 4.4%, as reported by the U.S. Bureau of Economic Analysis’ personal consumption expenditure index, I don’t see why the markets would expect a pause by the Board of Governors in raising the discount window and interest on reserve balances rates and changing its federal funds overnight target range. Continue reading Interbank Market News Scan: Between debt ceiling banter and the unemployment rate, where will the EUR/USD land tomorrow?
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.
Lawyers Write the Bets. Bankers Sell the Bets. 