That's what you get for hiring someone worth half a billion with substantial career experience with George Soros. Self described Democrat who supported liberal causes. Given these tragic burdens that I would not wish on anyone, he does his best. ...

Bessent: Bond Yields Show There Is Credibility; Leakage From Japan; Japan Needs Get Their...

I dunno. while headline inflation stayed below 3%, core inflation.. rose to 3.1% over the past 12 months. This includes core services, which accelerated to 3.65% year over year, the second month in a row of acceleration. Services are quite big, and ...

Jerome Powell’s job just got a whole lot easier as inflation data sidesteps disaster

I don't know what is meant by describing a tax as "stealth". Sure any goods and services tax (GST) is indirect (this includes a tariff), as it is collected by someone and then passed onto the tax department, but so what? Could say that about other ...

Tariffs bring in record $27.7 billion in July as Trump calls haul 'incredible for our country'

Whatever the number, I'm waiting for the usual 20 or 50 fake bots to ask "buy gold??".

Markets Brace for US CPI Data as Dollar Steadies

No it is not. The real question is why are you a bot. Bots are invariably dim witted and slow. Probably something like cleaning toilets and ashtrays might be more suitable to a bots skill level.

RBA Statement by the Monetary Policy Board: Monetary Policy Decision

If I operated a business I would pass on any tariff in full to my customers. I am not a charity.

US: Is tariff inflation finally here? Consumer prices might show biggest increase of the year

Yeah well not everyone has the physique of Arnold Schwarzenegger straight out of The Terminator.

President Trump Holds a Press Conference

Were you also a bot over at Reddit?

Trump: China worried about shortage of soybeans. I hope China will quadruple orders, reducing...

Bots think that they are getting smarter.

Why the US dollar has fallen so much

Saying this in regard to the one fairly significant thing that Trump is doing that comes close to being Presidential? Such style and grace.

Trump: the meeting between myself and President Putin will take place August 15, 2025 in...

The US produces less than 30% of the world's soybeans. Chana has plenty of alternatives than to buy from a country with a very disagreeable and unpredictable decision maker.

Trump: China worried about shortage of soybeans. I hope China will quadruple orders, reducing...

Someone with a good knowledge of monetary economics would be good. I don't read anyone talking about money supply or the velocity of money etc. Powell certainly couldn't. He was a lawyer. I have read Miran, who should, but doesn't. Bernanke did. ...

Bessent leads a broad search for Fed chair that includes Bullard and Sumerlin: Reuters

Friedman went much further - he thought that the Fed should be abolished. It could be replaced with a computer program, automatically buying and selling securities in response to changes in the money supply (specifically M2).

Abolish the monarchy at the Federal Reserve

The Fed is part of the executive arm of the government (despite what the author asserts, and struggles a lot to find reasons for his stance. Fail).

Abolish the monarchy at the Federal Reserve

That could be interesting depending on what type of monarch. I like King Louis XIV of France who once said "I am the State" - now similar to Saudi Arabia. No need to have the consent of the legislature. That's the Donald. Or, via the divine right of ...

Abolish the monarchy at the Federal Reserve

Uh-huh.

Trump: Tariffs are having a huge positive impact on the Stock Market

I trade options. A lot. More than a passing interest in volatility is essential. Outside of some Time Series methods which are OK but designed more for economic analysis/forecasting rather than trading, I gave up on trying to predict volatility a ...

Trump: Reciprocal tariffs take effect at midnight tonight! Billions of dollars will start...

As someone who often trades CME FX options a quite lot this is only good news - for liquidity. A pity it is predominately in the EUR/USD, as I'd like to see other pairs a whole lot more liquid. Oh well.

What Do We Know About Hedge Fund Activity in FX Options?

Wasn't there a whole matter of getting official gold reserves audited, about a year or so ago? Was that Trump? The angle being that the confiscated gold was never returned and is now and always has been registered as official reserves. Something ...

US hits one-kilo gold bars with tariffs in blow to refining hub Switzerland

Oh, could be worse - the US had just been through about a whole decade or so of prohibition....

US hits one-kilo gold bars with tariffs in blow to refining hub Switzerland