Larry’s Blog

Few Red Sox Weaknesses

July 16, 2018

The Red Sox reached Major League baseball’s all-star game break with a combination of relentless hitting and a stable of top pitchers. The Sox sport a team batting average of 0.272, 0.011 better than the next highest BA in the American league, and they have the hitters with the top and third highest individual batting […] More

Baseball All-Star Break

July 15, 2018

In part, I was attracted to a lifetime career as a currency market watcher and analyst because of an earlier passion for major league baseball. Both fields yield reams of data that evolve on a daily basis. Following day to day changes in the rankings of the European Monetary System felt similar to monitoring day […] More

Is It Time to Push Back Against Coming Inflation?

June 30, 2017

Fixed income sovereign debt yields have been rising. The Federal Reserve has already raised the federal funds rate four times and is promising more increases as well as separate actions to begin trimming its $4.5 trillion balance sheet. ECB President drew attention after observing that forces of reflation are displacing forces of deflation, and a […] More

Ask Your Doctor TV Ads

March 29, 2017

Few issues have proven more contentious in the U.S. political debate than health care. Because of a quirk of history, America alone relies on employers to arrange deals and pay for a significant share of the health care bill. The fault lines in the health care debate are over breadth of coverage, its cost, the proper […] More

Businessmen in Politics

January 19, 2017

An article in today’s business section of the New York Times presents the Trump cabinet as an excellent experiment to determine if the skills that make a successful businessman transfer readily to the challenges faced by political leaders. Never before has a collection of very wealthy leaders of business compiled a presidential cabinet as the […] More

The Dollar in Years When a New President Is Inaugurated

January 17, 2017

In February 1973, the second dollar devaluation in 14 months failed to stem heavy speculative downward pressure on the U.S. currency. Just a couple of weeks later, fixed exchange rates imposed by rigidly automatic central bank intervention were ended against the currencies of other advanced economies. A new system of floating exchange rates was born, […] More

Short Note on Presidential Polls

September 26, 2016

The first debate between Hillary Clinton, the Democratic Party nominee, and Donald Trump, the Republican Party standard-bearer, takes place tonight. Presidential opinion polls now show a race that’s too close to call both nationally and in the key states that are likely to determine the outcome. Momentum is clearly behind Trump’s sail, however, since the […] More

Gun Control and the Second Amendment

August 10, 2016

Today’s press is full of editorials about Donald Trump’s allegedly coded suggestion that gun owners take matters into their own hands to prevent Hillary Clinton from becoming president by exercising their second amendment rights, as Giuseppe Zangara tried to do to President-Elect Roosevelt in February 1933. Subsequently, Sirhan Sirhan in June 1968 and Arthur Bremer in […] More

Experiential Qualification to be a U.S. President

April 7, 2016

A headline in today’s U.S. political news caught my eye.  Bernie Sanders called Hillary Clinton unqualified to be president.  In fact, a tradition was established in the early days of the Republic that identified the job of Secretary of State has the most ideally suitable experience for an aspiring president.  Five of the first eight […] More

Assessing Bernie Sanders

February 12, 2016

International financial markets are nervous about the prospects of either a Trump or Cruz presidency on the right, but one can find much about the Sanders phenomenon that is also worrisome.  His much bigger-than-expected victory in New Hampshire demonstrates that at minimum his candidacy presents a serious challenge to Clinton. Here’s what to like about […] More