Rather than some surprising coincidence, this parallel pattern may actually be a predictable repetition of the inherent, real market dynamics, those which George Soros has written about and which he calls reflexivity-- i.e. when markets are rising or falling rapidly, they are typically marked by disequilibrium rather than equilibrium, and that the conventional economic theory of the market (the efficient market hypothesis) does not apply in these situations. (Im quoting Wikipedias synopsis of Soros concepts.) The worst may be yet to come… We are going to need another FDR (HRC?) rather than another Herbet Hoover.
Posted on: Wed, 12 Feb 2014 16:56:35 +0000
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