…weighted average investor doesn’t forecast something then it isn’t forecastable. Greenspan is asserting that financial markets are efficient by definition. He displays no willingness to allow data or evidence any…
…still think by offering a big enough “guarantee” the markets will take up the slack and finance Greece for them. But the markets now want to see the cash and,…
…not see that headline. China is not stupid. They know that if they took action like this it would have a devastating affect on the US capital markets. Interest rates…
…of the most humorous aspects of the article was its view that the efficient markets hypothesis was at the heart of the inability to see the bubble coming. If Krugman…
…pays a positive amount in that state and only in that state, then markets are complete and the free market outcome is Pareto efficient. Otherwise it is easy to come…
…what only after a default, so rarely, and the CDS writer and holder do it so they don’t bother the SEC). Now I don’t believe in the efficient markets hypothesis….
…that. Let’s look at the real root of the problem with our credit & financial markets. What is the real reason for the overall seizing of the credit markets? Derivatives?…
New England Journal of Medicine notes: A leading drug company may be poised to win a landmark legal victory next fall. If the drug manufacturer, Wyeth, prevails in a case…
Dani Rodrik does a wonderful job framing politically framed economics and our American experience. Worth reading the whole thing. By overlooking the problems created by trade in instances where regulatory…
…venture will provide a wide range of capital markets services, including cross-border mergers and acquisitions advisory, international equity and fixed income capital markets with a particular focus on international offerings…