Museum Of American Finance
THIS IS HANS BYSTRÖM’S Weblog ON Problems Associated TO THE Worldwide Monetary MARKETS. Some entries will be in Swedish and some in English, depending on the context.
Separately, ivansmi makes a excellent point about models. You require a model to reject EMH. But that only brings you so far. Let’s say we have a model of asset pricing that rejects EMH. Then the query is no matter whether EMH or the model is incorrect? That demands one more model. In short, it really is eventually impossible to reject or accept EMH, unless of course you entirely trust a given model. But that brings us back to square a single. Welcome to economics.
I am blessed in that my son has just this week truly gotten the hang of potty instruction, and it is just in time simply because I had no thought how we had been going to afford diapers. …
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