Tag: politics

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Interbank market news scan: Will Trump’s reining in of independent agencies snare Federal Reserve monetary policymaking?

The Interbank Market U.S. Treasury rates The two-year, ten-year, and thirty-year Treasury rates all increased between 9:43 am this morning and 4:52 pm this afternoon. According to Treasury data, the two-year rate stayed relatively the same, moving from 4.26% to 4.29%. The ten-year rate increased from 4.47% to 4.55%, while the 30-year rate moved from … Continue reading Interbank market news scan: Will Trump’s reining in of independent agencies snare Federal Reserve monetary policymaking?

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Interbank market news scan: Did Trump say anything scary to Davos participants? Nothing they have not heard before.

Speaking today via satellite before approximately 3,000 attendees at the World Economic Forum, President Donald Trump provided his agenda for where he wants to take the American and world economies. It was basically a rehash of some of his written executive orders over the last three days. Mr. Trump declared that the election provided him … Continue reading Interbank market news scan: Did Trump say anything scary to Davos participants? Nothing they have not heard before.

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Trump’s America First Trade Policy: Applying Law to the Manifest Destiny Narrative.

There is mumbling amongst the narrative class that legal action is being prepared to address some of President Donald Trump’s executive orders issued yesterday. I cannot say with specificity that Mr. Trump’s America First Trade Policy is among the executive orders targeted for legal action. I am particularly focused on the portion of his America … Continue reading Trump’s America First Trade Policy: Applying Law to the Manifest Destiny Narrative.

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I expect the EUR/USD to fall between 1.0288 and 1.0401. Also, Elon needs to tamp it down.

All is quiet as the U.S. prepares for Christmas along with the rest of the Anglo world. Last week I expected the EUR/USD to close above 1.0275 and it did at 1.0494. The current spot rate at 6:11 pm EST is 1.04412. I see one NADEX contract expiring on Friday at 3:00 pm with a … Continue reading I expect the EUR/USD to fall between 1.0288 and 1.0401. Also, Elon needs to tamp it down.

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DOGE, the Impoundment Control Act, and Trump’s opportunity for a little political warfare.

So, Elon Musk wants to cut the U.S. federal budget by $2 trillion or approximately 29.85%. If we transferred that percentage cut to annualized 2024 3Q federal government consumption expenditures and gross investment of $1893.4 billion, accounting for 6.5% of gross domestic product, government consumption expenditures and gross investment would fall to approximately $1,328.2 billion. … Continue reading DOGE, the Impoundment Control Act, and Trump’s opportunity for a little political warfare.

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Democracy stunted the Democrats. You can’t sell meat to vegans.

Emphasizing democracy may have cost the Democrats the election. Doubling down on their narrative may lead to the final implosion of the party. Democracy creates a feedback loop where the electorate hears the political class’s (elite) narrative, analyzes it to determine its relatability, costs, and benefits, and disposes of it when the electorate determines that … Continue reading Democracy stunted the Democrats. You can’t sell meat to vegans.