Category Archives: Political-Economy and Philosophy

Divergent Indicators

Technically, when a bellwether blue chip, like GE, diverges with aggregate indices, it indicates a bearish trend. It is usually a positive correlation, being good because it reduces uncertainty — but not the actual risk. In a previous article I … Continue reading

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Relax, Unwind

In the world of finance, these words describe the Fed’s next moves. These are soothing words, but as the Fed “normalizes” its balance sheet, soothing turns into smoothing, and that’s not all good. The Fed will be doing some serious, … Continue reading

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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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