Wednesday, May 12, 2010
Postscript to last post
While there's still lots of jumping up and down and angst about the May 6th market crash/recovery, I think Christopher Whalen has pretty much nailed it -- the markets worked fine. Did exactly what they were supposed to do. It's a question of whether or not we want to let them act this way -- which is a question of values, not one of economics.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment