What’s New?

Into the new year, “normal” is still new when it comes to financials and economic outlook.

“The new normal” is still new. Even though the yield curve steepened, for example, the Fed raised short-term rates, which flattens it.

After the financial crisis in 08-09, normal interpretations of the signals that indicate the direction of the risk don’t prove to be reliable. The measure that now exists to describe probable trending is the money-flow measure. It is the most reliable measure since (like I’ve been telling you for the past ten years) there has been continuous consolidation of the means to make markets move on command.

In a free and open market, consolidation of the legitimate, identity element — demand — is not at all normal. Nevertheless, described as “the new normal,” the inexistence exists in the name of free-market mechanics because the people that command it say so, demanding it in the marketplace using “currency.”

In the temporal world, in which time goes by, currency is always now; and in the new year, 2018, it continues to accumulate into an emergent risk dimension.

Operating with the new normal suggests we are operating with a new logic of what the free market is. The “makers” are making it more efficient, we are told, by means of continuous consolidation, and everyone measurably benefits; but looking back, US citizens are worse off than their parents, and expected to be worse off going forward.

Apparently, continuous improvement, expected of the middle class, is not normal. Instead, what is normal (“objective reality” as Objectivists describe it) is working more for less, and the best way to get there (existing the measure with the least resistance) is to consolidate industry and markets.


About griffithlighton

musician-composer, artist, writer, philosopher and political economist (M.A.)
This entry was posted in Political-Economy and Philosophy and tagged , , , , , , . Bookmark the permalink.

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