Monthly Archives: August 2017

Yielding to the Subordination

Objectivists say the little people are naturally subordinate to a small number of elites. We all yield to that “natural identity.” The Confederacy, during the US Civil War, sent massive numbers of people to their death in support of the … Continue reading

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Technically Bull

President Trump said today that record stock market indices indicate an improving economy. Since the current bull run began before he ever did anything at all, the Trump rally is a laughable sentiment. To be more technical, looking at a … Continue reading

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Actualizing the Real Price, to be Paid Now, in the Futures On Demand

http://www.marketwatch.com/story/this-warning-siren-is-blaring-but-thats-not-stopping-the-wall-street-hype-machine-2017-08-14?dist=markets

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The Efficient and Effective Cause

When white nationalists violently clash with counter-protestors in Virginia, for example, what is the efficient cause? Aristotle said really knowing something is to understand why. A wood table, for example, has an effective identity, which is its useful value. Its … Continue reading

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The Price Signal

The Fed says it is now reviewing its inflation forecast. Being data driven, and thus reacting to whatever the open market serves up, the Fed’s statement of probability has a causal identity, nevertheless. Price signaling is supposed to be illegal … Continue reading

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Laughing Stocks

It’s laughable! Expert analyses on extreme equity valuations have been focused on everything but the major causal factor. It’s laugh till you cry… till you realize how pathological it is. The extreme valuation is because we are all chasing yield. … Continue reading

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More Extreme Indicators

When things get extreme it indicates a probability. Statisticians observe that extreme data points can indicate a probable trend, and in the case of financials, a decisional path. Weak economic data combined with a convergent yield spread in the bond … Continue reading

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