It is often argued that financial markets are not like the real economy. But when Wall Street is opposed to Main Street it is mostly along the argument that greedy financiers are making money while real people struggle in lower paid jobs. And the world would a better place if bankers were not immoral greedy [...]
Posts Tagged ‘Andre Orlean’
The efficient market hypothesis disproved.
Financial Markets are not Supply-Demand Compliant
We’ve all heard about the basic rule driving the economy: the law of supply and demand. After a simplistic presentation on how it applies to the real economy, we will see that it actually does not work on financial markets. We will then find out what [...]