Monthly Archives: March 2013

The Existential Threat

With a sense of objective certainty, conservatives postulate that history dialectically ends with capitalism. There is also an urgent sense that their identity as benevolent dictators, guided by the invisible hand, is being threatened. Making the marketplace more efficient, increasing … Continue reading

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Additive Identity

Risk modeling and assessment essentially occurs in two dimensions: political and economic. While modeling to accumulate economic value gains a plurality of dollar votes and governs the direction of the risk, the plurality naturally gains resistance in a political dimension … Continue reading

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Beg the Question

Begging the question is a rhetorical device; a logical fallacy in which the answer avoids the question. Saying, for example, America’s middle and lower classes are losing net equity because America is not internationally competitive begs the question. This favorite, … Continue reading

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High Times

Are we experiencing delusions of an unobjective reality? At this point in time, the stock market at record highs is an experience even Timothy Leery would be proud of? Oh yeah, this is a square-haired experience of hippy-critical proportion! Anyone … Continue reading

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Assaying the Political Risk

Size matters politically and economically. After Senator Warren’s assayance of the economic risk, essentially reducing it to an organizational problem, the Senate is preparing to take action. Both sides of the binome have to at least appear to oppose TBTF. … Continue reading

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The Deviant Standard

Technical analysts typically consider a secular correction has occurred when the values plot outside the standard deviation. Look at income distribution, for example. Since the Great Recession, the top one-percent has gained 90% of the income, well beyond the standard … Continue reading

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Assayance

During a recent hearing of the Senate Banking and Finance Committee, Senator Warren wisely assayed the risk with the chairman of the Federal Reserve System rather than merely assess it. Assessing the risk is tired. We know what the assessment … Continue reading

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