Tag Archives: attributive value

Nine Tenths

The value of the so-called “Trump rally” is conspicuously missing. Equity indices are at record levels, supposedly, because investors anticipate favorable tax reform. The Dow, however, after news that the Senate does not favor the House’s reforms, could barely fall … Continue reading

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Run to the Store

The DOW has run 1000 points to a record high three times this year. It is now above 22k. Things must be great, but as many business analysts point out, equity values continue to run higher against slow GDP. The … Continue reading

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transiens ad surrealm

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EPI’s Statement on the Fed’s Rate Hike

http://www.epi.org/press/fed-should-return-to-setting-policy-by-evidence-not-autopilot/?utm_source=Economic+Policy+Institute&utm_campaign=ed09e5e05b-EMAIL_CAMPAIGN_2017_06_16&utm_medium=email&utm_term=0_e7c5826c50-ed09e5e05b-58142357&mc_cid=ed09e5e05b&mc_eid=326484247d *** EPI’s Josh Bivens says that the last rate hike does not align with objective reality. The Fed, however, contends that its policy program is reactive, not proactive. Again, keep in mind, what we have here is an inverse-identity … Continue reading

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Wall Street Gets High… Seeing New Colors

NASDAQ Hits Record Stocks are again moving to record highs as earnings beat expectations. As former Fed chief, Ben Bernanke noted in a recent NYT interview, the euphoria is “colored by politics.” He specifically refers to partisan politics, which is … Continue reading

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The Public Utility

Deconsolidation does not mean we will no longer have free markets. It means we will in a flash, which is exactly what capitalists don’t want! Risk that aggregates unchecked (like flash crashes that supposedly provide the benefit of liquidity at … Continue reading

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