Tag Archives: Fed

Efficiency and Effectiveness

Posted on July 16, 2019 by griffithlighton

Isaac Newton invented the calculus to differentiate efficient and effective causes. These causal identities are inherent to Aristotelian logic, and Newton intended to dispel the confusion associated with using this logic to describe the ontology of objective reality. Despite the … Continue reading →

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Not Captured

Posted on September 30, 2014 by griffithlighton

When the Fed accommodates the dirty deeds of TBTF banks, it appears there is regulatory capture. Not exactly, and the difference is a critical pattern of existence that determines the probability. First of all, if we say that the regulator … Continue reading →

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Buying Assets

Posted on September 12, 2014 by griffithlighton

The Fed keeps buying assets. Who owns the assets the Fed is buying? The assets the Fed is buying are “the tragedy of the commons”–demand destruction, which yields surplus value (a zero-marginal-cost society). Marx said that surplus value is social … Continue reading →

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Discovering the Price Now

Posted on August 5, 2014 by griffithlighton

Discovering the future now is a probability. Although big-corporate CEOs say the Fed distorts prices (the surplus value), they praise it for avoiding another Great Depression. Apparently, Great Depressions are an expected value. (The question, of course, is why, which … Continue reading →

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On Borrowed Time

Posted on July 16, 2014 by griffithlighton

Bond-market managers are really hacked off about Fed policy and programs. Bond prices are high because the Fed has declared it be so, which has more of a command than a demand attribution, having more Hamiltonian than Jeffersonian attributes. Bond … Continue reading →

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Whichever Way the Wind Blows

Posted on May 19, 2014 by griffithlighton

While the Fed maintains that a sluggish economy is weather related, the 10-year yield is falling. Rising bond prices indicate a weak economic outlook despite that the Fed says the economy is improving. Weather related, the forecast is partly cloudy, … Continue reading →

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Never Now

Posted on May 9, 2014 by griffithlighton

The Philosophy of Forward Deliverance Forward guidance requires being rational. It requires not only knowledge but wisdom. Technical objectivists say that the technical data does not lie, so it is wise to rely on the technicals to guide us forward. … Continue reading →

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Negative Ontology of a Positive Existence

Posted on May 7, 2014 by griffithlighton

The chair of the Federal Reserve, testifying before a joint economic committee of congress, says that equity values are within “normal historical ranges.” According to Janet Yellen the Fed is hard at work containing the probable risk. Tending to no-wage … Continue reading →

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The Pre-Occupation

Posted on March 27, 2014 by griffithlighton

The risk of loss is fully assumed in priority. In the financial world, being too big to fail is preoccupied with the space of failure. If you are too big to fail, like Bank of America and Goldman Sachs, then … Continue reading →

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Yellen To Give Holler

Posted on March 1, 2014 by griffithlighton

Senator Warren recently asked Fed chief, Janet Yellen whether “too big to fail” is still a problem considering “banks are 37% bigger than they were five years ago.” Yellen said systemic risk has been reduced since banks, having been tested … Continue reading →

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