James Baker

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Articles

Florida MSO Trump Card

Aug 10, 2024 | seekingalpha.com | James Baker

Introduction Former President Donald Trump held a news conference at Mar-a-Lago on August 8 at which he was asked if he agreed that people should not be incarcerated because of marijuana. He responded, "as we legalize it, I start to agree a lot more." He went on to say, "Florida has something coming up I'll be making a statement about ...fairly soon, but as we legalize it throughout the country, whether that's a good thing or a bad thing, it's awfully hard to have people ...
Did Yellen Blunder?

May 12, 2024 | seekingalpha.com | James Baker

Introduction Secretary of the Treasury, Janet Yellen, has been heavily criticized for not issuing long-term bonds to lock in low interest rates when they existed during the pandemic. Perhaps her harshest critic has been Stanley Druckenmiller who is an articulate multi-billionaire with many admirers. Druckenmiller Criticism In October 2023 Druckenmiller said Yellen committed the "biggest blunder" in U.S. Treasury history by failing to take advantage of ultra-low interest rates during the pandemic.
Fed Will Soon Alter QT

Jan 8, 2024 | seekingalpha.com | James Baker

Introduction In a January 6, 2024 speech, Lorie K. Logan, President of the Dallas Federal Reserve Bank, indicated it may be time to reduce the roll-off of U.S. Treasury securities. She said, "... given the rapid decline of Fed overnight reverse repurchase agreements (ON RRP), I think it’s appropriate to consider the parameters that will guide a decision to slow the runoff of our assets.
Guiding Businesses on a Journey of Web3 Technologies and Digital Revolution

Sep 15, 2023 | cxooutlook.com | James Baker |Lead Consultant

James Baker, Founder and Lead Consultant of JBT3 is not just a tech guru but a real visionary. With more than two decades of experience, he has helped countless startups grow from mere ideas to profitable product sales.
Impact Of 280E On MSO Income And Cash Flow

Sep 4, 2023 | msn.com | James Baker

Summary MSO investors have been eviscerated by catastrophic percentage declines in their stock prices since 2021. On Wednesday, August 30, Bloomberg reported the U.S. Department of Health and Human Services "HHS" sent a letter to the DEA recommending that cannabis be moved to Schedule III. MSO prices soared once HHS confirmed it had indeed recommended rescheduling of cannabis. Moving cannabis to Schedule III is expected to remove IRC Section 280E which disallows most MSO expense deductions.
Impact Of 280E On MSO Income And Cash Flow

Sep 4, 2023 | seekingalpha.com | James Baker

Introduction Suffering MSO investors who were lured by a belief that cannabis was a once in a lifetime opportunity to achieve great wealth finally got some good news this past week. The U.S. Department of Health and Human Services (HHS) on Wednesday, August 30, formally recommended that the Drug Enforcement Administration (DEA) ease restrictions on marijuana by moving it to Schedule III from Schedule I of the Controlled Substances Act (CSA).
Fed To End QT, And Soon

Aug 18, 2023 | seekingalpha.com | James Baker

Introduction On May 4, 2022, the Federal Reserve announced that it would begin to reduce the size of its balance sheet by instituting a rolloff of U.S. Treasury "UST" and Mortgage-Backed Securities "MBS". Its stated goal was to reduce its Treasury holdings by $30B/month and MBS by $17.5B/month for three months starting June 1, 2022, and to double those rolloffs beginning September 1, 2022. This Fed policy became known as Quantitative Tightening (QT).
Will The U.S. Government Default?

May 2, 2023 | seekingalpha.com | James Baker

Introduction In a January 13, 2023 letter to Kevin McCarthy, Speaker of the U.S. House of Representatives, Secretary of the Treasury Janet Yellen warned that the nation's debt limit was projected to reach its limit on January 19, 2023. The current statutory limit of approximately $31.381 trillion was established by Public Law 117-73 on December 16, 2021.
Spotlight On Fed Rate Decision

Mar 20, 2023 | seekingalpha.com | James Baker

Introduction The Federal Open Markets Committee (FOMC) meets on March 21-22 to determine what action, if any, to take regarding its targeted federal funds rate and securities reduction program. Market participants are more focused than usual on this meeting because of recent bank failures. Investor anxiety prior to this FOMC meeting is almost palpable.
Silicon Valley Bank's Autopsy

Mar 12, 2023 | seekingalpha.com | James Baker

Mar. 12, 2023 10:39 PM ETSVB Financial Group (SIVB)XLFSummarySilicon Valley Bank was closed on March 10, 2023. Actions by venture capitalists precipitated the crisis. Unrealized investment losses at SV bank were lower in Q4 than in Q3. The Federal Reserve could have stopped the run. In the late 1970s I developed a system of bank management I named asset/liability management, ALM. I first presented my system in a series of articles for Banking: The Journal of the American Bankers Association.