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Robert A. Fortuno, P.C.

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Robert A. Fortuno, P.C.

Driven by pure stupidity

Great observation from economist Robert Shiller:

Economists who adhere to rational-expectations models of the world will never admit it, but a lot of what happens in markets is driven by pure stupidity—or, rather, inattention, misinformation about fundamentals, and an exaggerated focus on currently circulating stories.

Debt and Delusion – Project Syndicate.

Author FortePosted on July 21, 2011January 31, 2019Categories Economy, Financial Crisis

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