Re:The Long-Term Stock Exchange Comes to Life
by saas_co_de on Sunday December 31, 2017 @07:46AM
(#16040379)
> People don't seem to like accepting quite how rationally intelligent markets are
Because it is wishful thinking?
Where would the rational intelligence of stock markets be right now without the trillions of dollars in shares bought up directly by central banks and sovereign wealth funds or by corporations using essentially free money provided by central banks?
Last time I checked none of the economic theories about optimal markets included massive state interventions to help markets find the optimal price.
Because it is wishful thinking?
Where would the rational intelligence of stock markets be right now without the trillions of dollars in shares bought up directly by central banks and sovereign wealth funds or by corporations using essentially free money provided by central banks?
Last time I checked none of the economic theories about optimal markets included massive state interventions to help markets find the optimal price.