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Rational Irrational Exuberance?

TedTed
in The Bullpen
FYI: We tend to be uncomfortable with the notion that an economy’s fundamentals do not determine its asset prices, so we look for causal links between the two. But needing or wanting those links does not make them valid or true.
Regards,
Ted
https://www.project-syndicate.org/commentary/economic-fundamentals-stock-market-volatility-by-andres-velasco-2018-02
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