European Tribune - Comments

Logic | 15 comments (15 topical, editorial, 0 hidden)

The ability of a few banks to extract huge revenues by playing on volatility in a basically stagnant market and their practice of paying far more of this money to their employees than their stockholders causes a market rally.

'Not quite as efficient at processing information as they claim to be' is a nice understatement.

by nanne (zwaerdenmaecker@gmail.com) on Fri Jul 17th, 2009 at 05:11:16 AM EST

Re: More logic (4.00 / 3)

nanne:

'Not quite as efficient at processing information as they ~~claim~~are claimed to be' is a nice understatement.

I think the "Efficient Market" theorists and especially their parrots in the pundit class need to be drawn and quartered.

The peak-to-trough part of the business cycle is an outlier. Carnot would have died laughing.

by Migeru (migeru at eurotrib dot com) on Fri Jul 17th, 2009 at 05:50:00 AM EST
[ Parent ]

Re: More logic (none / 1)

I think the "Efficient Market" theorists and especially their parrots in the pundit class need to be drawn and quartered.

Now, now. They have shown extraordinary efficiency at differential information processing. They can figure things out well when they are in their short term benefit.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Jul 17th, 2009 at 11:43:13 AM EST
[ Parent ]

Logic | 15 comments (15 topical, 0 editorial, 0 hidden)

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