Category: Uncategorized

Next 2 weeks regarding the fiscal pathway/Congressional quarrels

Infrastructure and reconciliation bills + Debt Ceiling = Negative GOP media blitz Biden had to finally show his face and intervene in the Democrats civil war, by removing the urgency of passing both infrastructure and reconciliation bills in order to…

Congressional Gridlock

         3 bills are in question: o    Infrastructure(passed by Senate), o    Reconciliation($3.5 trillion package, and o    Budget   ·         Reconciliation bill is where the Dems have loaded up social issues(voting, Immigration, etc) which requires 60 votes under the rules. Progressives in the House number 95…

GLOBAL POLITICAL MACRO COMMENTARY & NEWS UPDATE

“People do what they know works, including the Fed”   Now, the question for us is whether the Fed is ready to let the market go now, or will come back in and pump the usual suspects. At this moment,…

Midterm season heats up in the US

Midterm season is upon us. Congressional members and hopefuls are gearing up for a monumental fight for both the House and Senate majorities. The reality is that no matter what the Democrats are saying, they are nearly certain to lose…

Political/Economic Outlook July 4th Edition

Inflation The Fed and Biden’s White House finally have something that they can agree and coordinate on – inflation. This is the dirtiest word in the beltway, as it is the #1 killer of political careers.  People may be swayed by complex social media campaigns, but nothing hits…

Self-inflicted Unemployment Debacle

Self inflicted damage by the Democrats who continue to push for unemployment benefits rather than re-opening has lead to another dismal unemployment report. Consensus estimates were near 1 million jobs, but came in at a paltry 266,000. Make no mistake,…

Political look-ahead to year end

As Biden continues his head first dive into progressive policies with Executive Orders, there now comes the time that legislation needs to be passed in order to fulfill the recent rhetoric on taxation, climate change and racial equity, to use…

The EU’s attempts to grab business from the City and thus from a common law jurisdiction are a danger to markets

In all the maelstrom of debate about the future of global financial services in light of Brexit, one key point is often forgotten. That is, that the UK’s common law, pragmatic approach to law and regulation is intrinsically the safest…

The great divide between progressives and centrists will now be on full display over Reconciliation

To understand what the reconciliation option is, it is simply a call for the budget by Reconciliation, while avoiding the filibuster. It informs certain Congressional committees to change budgets for spending, revenues, or deficits by specific amounts. Each committee writes…