News for hackers. Stuff that matters.

A comment on April Unemployment Rate Rose to a Record 14.7%. Parent comment

Re:April Unemployment Rate Rose to a Record 14.7% by cm2187 on Friday May 08, 2020 @11:02AM (#23115531)
I think you meant economists. People working in finance are usually under no illusion of whether the market prices in all the information at a given time, and are rather focusing on who does what.
[ Parent | on HN ]
Re:April Unemployment Rate Rose to a Record 14.7% by Spooky23 on Friday May 08, 2020 @11:50AM (#23116125)
I'm more talking about people in business in general. You'll see alot of posts on HN where people have faith-based belief in the market, for example.

Finance people make their livings working around information asymmetry and optimizing for market outcomes. (But remember, the thumb is on the scale, and many are too big for the institutions to fail!) If the market were magically aware, they wouldn't have a job.

[ Parent | on HN ]