Read this from our friend Jim Hamilton and then quake in your boots.
This is not good.
"The problem with socialism is you eventually run out of other people's money" - Margaret Thatcher "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design" - F.A. Hayek
1 comment:
Something to think about: due to incomplete information and resulting herding in behavior, the market may not be quite as efficient as we would like it to be:
http://ahroslanharahap.blogspot.com/2008/11/herding-behaviour-vs-efficient-market.html
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