White Jazz

1998-01-18 Thread Louis Proyect
White jazz--those were the words that kept running through my head. Why? This evening I listened to three of America's finest jazz musicians tonight at Birdland: Paul Bley on piano, Gary Peacock on bass and Paul Motian on drums. And they all happen to be white. "White Jazz" is the title of a

Re: The Hong Kong peg?

1998-01-18 Thread Doug Henwood
[EMAIL PROTECTED] wrote: How do know know what fundamental currency values are? They are like "real interest rates". We speak confidently about them even though nobody can see them. Think of the huge currency swings of the dollar in the 1980s. Did the fundamentals change that much?

Re: White Jazz

1998-01-18 Thread Jay Hecht
In a message dated 98-01-18 00:16:08 EST, you write: Most young black jazz musicians follow in the footsteps of Wynton Marsalis, whom some people regard as a neoconservative. He is the curator of the jazz program at Lincoln Center. His partner is Stanley Crouch, the author of "The Hanging

Re: The Hong Kong peg?

1998-01-18 Thread Tom Walker
Doug Henwood wrote, "Fundamental" values are the ones around which the market values oscillate - the long-term trend, if you prefer, or a center of gravity. I assume that Doug meant to say "market prices" instead of "market values". It's not clear whether Doug is endorsing or simply reporting

Re: White Jazz

1998-01-18 Thread Dave Markland
Lou: You seem to agree with the somewhat unexamined assertion that jazz has gone through several "stages" or "eras". While there is certainly more than a grain of truth in that, and while I certainly wouldn't want the term "semantics" to come up in such a discussion, it seems to me a sort of

Re: fundamentals

1998-01-18 Thread Doug Henwood
Michael Perelman wrote: The problem is that, like real interest rates, we can see the pattern after the fact. No one knows what the fundamentals are at the moment. We can get a pretty good idea in the present; the hard thing is deciding when market prices will move towards the center of

Re: White Jazz

1998-01-18 Thread Dennis R Redmond
On Sun, 18 Jan 1998, Louis Proyect wrote: Where are the Louis Armstrongs or Charlie Parkers of today? Hip-hopping or DJ-ing in the 'hood, that's where. I've always felt that the lineage of jazz modernism, from Armstrong's solos to Parker's bebop tremolos to Coltrane's magnificent works of

Re: fundamentals

1998-01-18 Thread Tom Walker
Doug Henwood wrote, Michael Perelman wrote: The problem is that, like real interest rates, we can see the pattern after the fact. No one knows what the fundamentals are at the moment. We can get a pretty good idea in the present; the hard thing is deciding when market prices will move towards

fundamentals

1998-01-18 Thread Michael Perelman
Doug Henwood wrote: Who ever said they reach equilibrium? I said oscillate around. (See Robert Shiller's wonderful chart of stock prices in Market Volatility for an example of just what I mean.) The prices of stocks are, over the long term, constrained by underlying corporate profits.

Re: The Hong Kong peg?

1998-01-18 Thread Tom Walker
Doug Henwood wrote, Who ever said they reach equilibrium? I said oscillate around. Who ever?, indeed. Doug didn't and I didn't say, or imply, he did. (See RobertShiller's wonderful chart of stock prices in Market Volatility for an example of just what I mean.) Or see N. Kondratieff's

Re: The Hong Kong peg?

1998-01-18 Thread Doug Henwood
Tom Walker wrote: I assume that Doug meant to say "market prices" instead of "market values". Yeah. It's not clear whether Doug is endorsing or simply reporting this definition deadpan. I think it's more or less true. But it is a good example of how to explain an indefinite term by