Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/market-clearing prices

Discussing a Quotation

…This happens, because there can’t be a change in market prices which helps everyone. Total sales equal total purchases, so the effect of a change in prices on the sum…

Innovation

…has been pointed out to McArdle that six of the top ten drug companies are European, the US market is only part of the world market for drugs, the US…

Nate Silver invades our turf

…about the stock market “Wading into a discussion about the stock market is dangerous business. In contrast to politics, where there are relatively few people willing to do serious quantitative…

Schizofinance

…that financial markets are efficient and inefficient. If financial markets are efficient, then the way to maximize risk adjusted returns is to buy and hold the market. If one is…

Hedge Funds Get FED Aid

…By making loans to these investors on attractive terms it aims to increase market liquidity. Ahhh now I understand why people think liquidity leads to high asset prices. It turns…

synthetic bonds

…bonds, not anything about the larger CDS market. And synthetic bonds are really a very small part of the CDS market. I’m not sure how you could possibly create a…

The WSJ Editorial Page Talks, the Market Listens

…had hoped.** We also don’t want to read too much into short-term market moves.*** But there’s little doubt that uncertainty, and some fear, over Barack Obama’s economic agenda is also…