Displaying items by tag: biden

Oil prices have been rising about as fast as any point in recent time and with Oil prices pushing close to $100 a barrel, President Biden has frozen a whole selection of new Oil leases in order to accommodate green energy policies. This all is imposed based on newly tagged costs to the ‘social cost’ of carbon emissions, attempting to quantify the costs of climate change. However, there is lots of supply price pressure due to both OPEC+ and the Russia-Ukraine tensions.


Finsum: The U.S. needs oil supply now as much as ever, companies are reopening shale drilling sites that were not thought profitable because Oil could hit $100 a barrel.

Published in Eq: Energy

Oil prices have been rising about as fast as any point in recent time and with WTI prices pushing close to $100 a barrel, President Biden has frozen a whole selection of new oil leases in order to accommodate green energy policies. This all is imposed based on newly tagged costs to the ‘social cost’ of carbon emissions, attempting to quantify the costs of climate change. However, there is lots of supply price pressure due to both OPEC+ and the Russia-Ukraine tensions.


Finsum: The U.S. needs oil supply now as much as ever, companies are reopening shale drilling sites that were not thought profitable because oil couldn’t hit $100 a barrel.

Published in Eq: Energy
Thursday, 17 February 2022 17:55

Biden’s SEC is Coming

The Biden administration’s SEC has lept from one sub-financial industry to the next whether it's crypto or ESG, but now they are gonna take a closer look at private equity and other ‘alternatives’ like hedge funds. The process is mainly would limit what retirees and savers have opportunities in private equity and hedge funds through their plans and limit them to accredited investors. Alternatives have taken off in the last few years and the SEC is looking to increase transparency and possibly limit access. They are cautioning other companies from putting PE in retirement portfolios.


Finsum: This limited access could take the many savers and retirees out of the huge gains in PE over traditional equity markets, and might only hurt the general public.

Published in Wealth Management
Thursday, 10 February 2022 19:15

Biden to Let Inflation Run Wild

That's correct, Joe Biden’s latest economic rebrand is really a diet version Ronald Reagan era policy. In a recent statement, Joe Biden said that in response to inflation we can either “increase the supply of cars” or “reduce demand for cars by making Americans poorer”. This is essential supply-side economics made famous by the Reagan administration. Additionally, Yellen coined the term ‘modern supply-side’ economics just two weeks later in order to push the Build Back Better bill. This is a liberal tilt on aiding the weakening supply chains that will hopefully strengthen the economic recovery. It's a response to republicans’ attacks that BBB will surge debt and inflation.


FINSUM: The economy is in a difficult place, there is still catch up needed but undoubtedly Americans are feeling the force of inflation and another stimulus package could only further that problem.

Published in Bonds: Treasuries
Friday, 28 January 2022 14:20

Biden Labels Crypto a National Security Threat

The Biden Admin has been tip-toeing around crypto regulation since it came into office, but now those public statements are actually materializing in the form of regulation. A top town security memorandum is expected to come down the pipes in the next few weeks which will task separate government agencies to develop regulatory policies around crypto, NFTs, and stable coins. The State Department, Treasury Department, National Economic Council, Council of Economic advisors, and White House Security Council will all be on the job. While the Whitehouse will avoid regulatory suggestions they are putting the burden on these agencies to propose stricter rules.


FINSUM: Crypto regulation isn’t necessarily bad; it's just another closer step toward legitimizing digital currencies in the eyes of countries around the globe.

Published in Alternatives
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