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devinem.bsky.social
HistoryOfMoneyBankingTradePod
@devinem.bsky.social
230 followers 180 following 560 posts
Host of the History Podcast dedicated to the development and evolution of Money, Banking, and Trade.

To support the podcast through Patreon https://www.patreon.com/HistoryOfMoneyBankingTrade

Visit us at https://moneybankingtrade.com/
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devinem.bsky.social
In all periods of speculation, when men sought not to be persuaded of the reality of things but to find excuses for escaping into the new world of fantasy - John Kenneth Galbraith from “The Great Crash of 1929”
November 21, 2025 at 8:30 PM
devinem.bsky.social
So Trump said he will send aid to Jamaica. Where are the strings? How will Trump benefit directly? He is so openly corrupt that I wouldn’t be surprised if Jamaica ended up buying some Trump related Cryptocurrency (scam) within the next 6 months.

There will be some sort of self-dealing.
October 29, 2025 at 3:35 PM
devinem.bsky.social
Republican healthcare. Everyone pay at least double, so healthcare executives can make double the pay.

You gotta love our healthcare system. It’s based on rent seeking middlemen who don’t add efficiencies or expand coverage. They are only there to extract excessive rents.
October 28, 2025 at 7:00 PM
Reposted by HistoryOfMoneyBankingTradePod
peark.es
Dallas Fed services comments are LIT this month

"generally antibusiness policies being championed by Republican lawmakers and the Trump administration"

www.dallasfed.org/research/sur...
Accommodation The government shutdown and economic malaise are taking a toll on hotel and travel demand. Administrative and support services It feels impossible to predict what the hiring and employment market will be in six months. This year has been the most challenging in 15 years of search and staffing. Candidates have failed background checks. Employers have delayed hiring, candidates have accepted counter offers, others have continued interviewing after accepting a new role. These events used to be uncommon and rare. Now they're happening on a regular basis. Revenue swings month to month are drastic. We are trying to budget and forecast, but it is impossible, and I'm on the edge of laying off an employee now. Business has felt recessionary for over a year—no wonder we knew the jobs numbers were off and kept saying there was no way they were as good as reported, and we were correct. These are very tough times for small and midsized businesses. The level of uncertainty has increased in the face of higher interest rates and borrowing costs. Layoffs in the energy sector are just now being felt, and the federal shutdown will have a compounding impact. The government shutdown [is an issue impacting our business]. Most of our customers are federal agencies. If there is a shutdown, our business suffers. Ambulatory health care services We are seeing major price escalation resistance. There are numerous factors affecting our outlook and current performance. A general downturn in the economy and economic outlook coupled with increased layoffs and significant increases in prices for day-to-day commodities have reduced demand for those seeking our pediatric urgent care services. Healthcare fatigue is also a factor post-COVID. Couple that with the frankly baseless guidance that the Department of Health and Human Services is providing, there is also a lot of confusion among potential patients of ours of sound medical judgement. With continued angst over secured overnight fin… Educational services Uncertainty about visa approval rates and H1-B visa fees will have a potentially significant negative impact. Personal and laundry services I am concerned about the government shutdown. Pipeline transportation Lower oil prices impact producer activity and uncertainty. Professional, scientific and technical services We're seeing significant uncertainty among our oil and gas service company clients. Commodity prices are down, and there is no real cause to anticipate an upturn in drilling activities. The residential market has continued its decline due to the uncertainty of the economy. Homebuilders are having a difficult time selling homes, even with the incentives they are offering, and existing homes are just sitting. The commercial market is a little better but is being held up by energy and data center transactions. We need a major adjustment in the pricing of homes or a significant reduction in the interest rate to get this market moving again. Interest rates are still too high. Reduction in regulations is improving optimism. The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act will open new opportunities. We have seen an upturn in work flowing from clients in October in consulting engineering. All of our customers are scaling back on technology spending. I feel like our clients are more apprehensive. We are writing a lot of proposals, but they are just sitting. Projects are still being planned, but the execution is being delayed. I work globally with international companies, so uncertainty is inherently high, and it will likely increase in the coming months. Four new governments in Latin America will be decided within the next six months, and such political transitions always contribute to greater economic and business uncertainty. Commodity prices adversely affecting upstream oil and gas companies coupled with potential increased costs from renewed China tariffs creates an uncertain or negative outlook. We are … Publishing industries (except internet) There is significant inflation in regular goods prices. We continue to be concerned about compounding effects of tariffs, government shutdown, reduced federal spending, wavering consumer confidence and the levels of credit card usage and delinquency (which we expect to increase), as well as the generally antibusiness policies being championed by Republican lawmakers and the Trump administration. Real estate The sentiment we see from apartment residents, owners, vendors, employees and others is neither optimism nor excessive worry. Folks are getting by OK, reallocating spending to compensate for high food prices, and they seem resigned to their fate. Immigration and Customs Enforcement (ICE) continues to terrify immigrants, and they are keeping their heads down. Few people are moving, changing jobs or expecting more. The economy feels like it's in the doldrums, and all the outrageous politics just feels like noise. Our company is doing well enough to throw a couple of big events and make improvements to properties we own. Being conservative, focusing on fundamentals and conserving cash have paid off for us. Others see us doing well, so more prospects are coming our way. We are always hopeful things are going to move forward and upward. Our goal is to survive the next six months. Rental and leasing services I don't know that any geopolitical or political conditions have changed our business outlook. The fourth quarter is typically when we do 27 percent to 29 percent of our volume. The first two quarters of the year are typically slow due to weather and manufacturers trying to manage their budgets. Tax-incentive buying pulls purchases ahead into fourth quarter 2025. Repair and maintenance We are a naturally seasonal business. Our outlook for the future is bright. Securities, commodity contracts and other financial investments and related activities Uncertainty remains uncertain. I wish we would get clarity on tariffs. We have bee… Specialty trade contractors Volatility—including interest rates, stock market fluctuations, geopolitical issues and the government shutdown—is creating poor confidence. Support activities for transportation With the current administration taking meaningful action to address foreign labor issues, the outlook for the trucking and logistics industry has improved considerably. The decline faced in recent years has been attributable to violations of federal laws, most notably allowing those not legally authorized and without English proficiency to saturate the market and to violate cabotage restrictions. We are encouraged by the renewed emphasis on enforcement and compliance. As these measures take effect and below-market labor practices are curtailed, American motor carriers will once again be able to begin breaking even and then to profit. Telecommunications Too much funding (private equity combined with the Broadband Equity, Access and Deployment program) is flowing into the broadband industry as evident by the number of broadband providers in any given area. While it has naturally increased competition, resulting in lower pricing, it is also driving irrational investment decisions. These decisions will have consequences once the broadband market begins a correction in the next three to five years. Truck transportation Our business has died. Utilities I feel better about business activity, but the threatened tariffs do not help with the business situation. Warehousing and storage General economic conditions appear to be worsening, though it's hard to put a finger on exactly where or why. We're working through 2026 budget and are expecting revenue to either stay flat or dip. We are eliminating a small number of heads, roughly 4 percent of our workforce. We expect inflation to continue to impact the cost to provide services and will be adjusting revenue in response.
October 28, 2025 at 4:09 PM
devinem.bsky.social
In a few weeks, I’m discussing Ancient Greek economics. I will mention how interest rates soar and people hoard gold/silver during times of war and Econ uncertainty. In Classical Greece as it does today. For example gold futures have soared because of Trump. I’ve thrown so much shade his way lately
October 21, 2025 at 5:52 PM
devinem.bsky.social
Teddy Roosevelt had to balance the needs of economies of scale and the needs of shareholders who owed their allegiance to the company vs the allegiance to the U.S. society as a whole

I wish modern CEOs would understand the need to be good stewards of our society, not just share price.
September 25, 2025 at 3:17 PM
devinem.bsky.social
If you are interested in Ancient Chinese history, specifically as it relates to their economy. The next episode comes out at the end of the month. The last episode (episode 6) will be out around October 15. These take a long time to make, so please take a look if interested

youtu.be/pnGzBoggnVU?...
Money and Power in Ancient China
YouTube video by History of Money, Banking, and Trade
youtu.be
September 15, 2025 at 3:33 PM
devinem.bsky.social
Emperor Wu's economic reforms and the rise of wealthy landowners mirror today's wealth inequality struggles. What can modern economies learn from ancient China's attempts to balance state control and private enterprise? Listen to find out. #EconomicHistory
September 15, 2025 at 3:26 PM
devinem.bsky.social
The Han Dynasty revolutionized metallurgy 2,000 years before Europe, creating steel that transformed warfare and agriculture. Discover how ancient China's economic innovations shaped global commerce in our latest episode. #HistoryOfMoney #AncientChina
September 15, 2025 at 12:38 PM
devinem.bsky.social
www.amlintelligence.com/2025/09/news...
NEWS: Nobel laureate warns stablecoins risk costly taxpayer bailouts - AML Intelligence
JEAN Tirole, a Nobel Prize-winning economist, has warned that weak oversight of stablecoins could force governments into huge bailouts.
www.amlintelligence.com
September 9, 2025 at 7:10 PM
Reposted by HistoryOfMoneyBankingTradePod
zohrankmamdani.bsky.social
"How Are the Very Rich Feeling About New York’s Next Mayor?"

A Dramatic Reading of The Recent New York Times Dispatch from the Hamptons.

Presented by The Gilded Age's Morgan Spector.
September 8, 2025 at 10:56 PM
devinem.bsky.social
Mr. Market is saying we will get a rate cut in September, and then several cuts afterwards. The tariffs are just starting to hit the market, meaning inflation will heat up over the next several months. Job numbers are terrible and shrinking. It feels like a potential rerun of the 70s stagflation.
September 9, 2025 at 1:08 PM
devinem.bsky.social
If the Democrats had any balls, they would systematically round up all these criminals in the White House, including Vance, Miller, and Noem and send them to The Hague in 2028. Send a message to the international community that Trump does not represent us. They wouldn’t do it though.
September 7, 2025 at 11:52 AM
devinem.bsky.social
Watching Harrison Butker miss an extra point is so satisfying.
September 6, 2025 at 2:09 AM
devinem.bsky.social
Andrew Jackson signed executive orders and a veto override to kill the 2nd Bank of US. He was a terrible racist and had almost no education or curiosity. He meddled with the economy and set the US back by over 20 years. Does this sound familiar?
August 31, 2025 at 10:46 PM
devinem.bsky.social
You can do a million mock drafts but draft day always goes in a different direction.
August 30, 2025 at 7:24 PM
devinem.bsky.social
In my notes for a Greek Episode. Pythius attempted to use his fortune to gain favor with Xerxes. However, Xerxes didn’t take the bribe, unlike Trump who takes a few bribes per month.

Too much? Sometimes I have enough balls to say things like this in the pod. Sometimes I don’t.
August 27, 2025 at 11:09 PM
devinem.bsky.social
August 19, 2025 at 9:48 PM
devinem.bsky.social
Additional taxes on the middle class could reach 300 Billion because we gave billionaires tax breaks and now have to somehow fill that hole.
August 19, 2025 at 8:59 PM
devinem.bsky.social
Thinking a lot about the Arabic proverb “the dogs bark, but the caravan goes on”.

Isn’t this a great analogy of modern conservatism. People can criticize progress but all it does is leave them behind.
August 19, 2025 at 12:11 AM
devinem.bsky.social
Kind of interested as to what building in DC mysteriously goes up in flames. Since Trump is following the Nazi playbook, shouldn’t we expect a Reichstag fire type of event, especially if the Epstein Files are still being asked about.
August 12, 2025 at 7:07 PM
devinem.bsky.social
I was about 23 years old when the dot com bubble happened. This AI bubble has a lot of similarities. NVIDIA won’t be the big winner, it’s going to be someone else. The problem is the good companies in AI are basically private. We, the average people won’t get access to them. Only rich/institutions.
August 10, 2025 at 2:51 PM
devinem.bsky.social
Image a friend has a house worth at best 500k. He says an agent said they could sell it for over 900k. Then your friend tells everyone his house is worth over 900k. We all know he isn’t getting 900k, but he brags anyway. This sums up every trade deal announced by Trump. No signed deals are no deals
August 4, 2025 at 12:53 PM
devinem.bsky.social
At this point, our inflation data feels like we are all Morpheus from the Matrix just watching the Sentinels come towards us and saying here they come as we hold the EMP switch.
July 29, 2025 at 3:55 PM
devinem.bsky.social
After the market crashed, 7 out of 12 Fed Governors opposed easing rates. They feared an “artificial” attempt to stimulate the economy wouldn’t help business but instead promote stock market speculation again, as cheap $ created the bubble to begin with.
July 28, 2025 at 2:57 PM