Sigmund

The Origin of Financial Crises

I consider the efficient market hypothesis to be bunkum! I am older than dirt and my experience is that financial markets tend to appear to be mean reverting around rates of return. I do note a minor caution, the mean rate of return appears to be increasing at a moderate rate. As to Cooper's book, I may, or may not read it. If your review is on point, I wont read it. What I do see before us all is the fact of our fiat currency and the fact that it has been a 'reserve' currency for so long. How will we extricate ourselves from this mess that we have created?