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John Authers
More books by John Authers…
“But since the Shanghai Surprise, statisticians show that any move in the S&P is sufficient to explain 40 percent of moves in the yen, and vice versa. As they should have nothing in common, this implies that neither market is being priced efficiently. Instead, these entangled markets are driven by the same investors, using the same flood of speculative money.”
― Fearful Rise of Markets, The: Global Bubbles, Synchronized Meltdowns, and How To Prevent Them in the Future,
― Fearful Rise of Markets, The: Global Bubbles, Synchronized Meltdowns, and How To Prevent Them in the Future,
“Technology stocks crash after forming history’s biggest stock market bubble—the culmination of irrational exuberance, decades of herd-like behavior, and the recent injection of cheap money and moral hazard by the Federal Reserve.”
― Fearful Rise of Markets, The: Global Bubbles, Synchronized Meltdowns, and How To Prevent Them in the Future,
― Fearful Rise of Markets, The: Global Bubbles, Synchronized Meltdowns, and How To Prevent Them in the Future,
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