A plea to ignore the stock market
I guess the markets were none too keen on Tim Geithner’s bank rescue revamp. Many people will no doubt take this as ispo facto proof that the plan is flawed. Obviously, it’s too soon to tell ,and we don’t have enough details to make a definitive judgment as to whether it will work. But in ...
I guess the markets were none too keen on Tim Geithner’s bank rescue revamp.
Many people will no doubt take this as ispo facto proof that the plan is flawed. Obviously, it’s too soon to tell ,and we don’t have enough details to make a definitive judgment as to whether it will work.
But in any event, should we really be trusting the collective wisdom of the markets at this point? I mean, isn’t mass hysteria partly what got us all into this mess in the first place?
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