Monthly Archives: September 2013

The Propriety of Risk Management

Probable risk has mathematical expression. Wall Street quants give it that expression. They quantify risk and build models like building molecules at the atomic level. Since the process uses the tools of science, the result is described as “objective reality.” … Continue reading

Posted in Political-Economy and Philosophy | Tagged , , , , | Leave a comment

Summers’ Chill

A Randian takes an early Fall. It’s about time!… It looks like there is a tendency to go with what has worked in the past, using Clinton’s PWG, loaded with Randians. Maybe we should let Joe build a VPWG composed … Continue reading

Posted in Political-Economy and Philosophy | Tagged , , , , , | Leave a comment

Supply Meets Demand

While risk-reward is integral, the value of the risk is derivative. The value derives from demand and can be manipulated. Risk can be “put and called” in options markets. It can also be forced into “backwardation or contango” in futures … Continue reading

Posted in Political-Economy and Philosophy | Tagged , , , , , | Leave a comment

Getting What You Ask For

The Goods on Demand Capitalism endeavors to operate a command structure on demand. Americans are working more for less, and as much income distributes to the top 1% as the 99%, because the market demands it. On demand, we all … Continue reading

Posted in Political-Economy and Philosophy | Tagged , , , , , | Leave a comment

Not Yet Existent

The philosophy of the inexistence exists. It exists in the futures. Technicians assess the causes of the Great Recession without recognizing that trickle-down economic theory failed to deliver the money supply needed to pay the rents. Notice, as Jean-Paul Galibert … Continue reading

Posted in Political-Economy and Philosophy | Tagged , , , , , | Leave a comment

A Bad Connection

Hang up and dial again? Five years after averting a complete financial collapse of capitalism, pop media’s assessment is to describe a disconnect between Wall Street and “the real economy.” Alluding to what is “real” is the Objectivism that dominates … Continue reading

Posted in Political-Economy and Philosophy | Tagged , , , , , | Leave a comment

The Futures Now

Hobbes’ theory of absolute government authority is the futures now. It is the republican form of government. Sovereign power (the right to rule) derives from the people. Remember, F(t,T) = {(T-t)}. The time to maturity equals maturity to date, which … Continue reading

Posted in Political-Economy and Philosophy | Tagged , , , , , | Leave a comment