I've heard that the economics department at a local university (which shall remain nameless) got together at the start of September and discussed the stock market. By and large, opinion followed the standard ideological divide among economists. The free market types (followers of Edward Prescott, etc.) said it was time to buy, since there was no place to go but up. The more "new Keynesian" types said it was time to sell. If these people put their money where their mouths were, the free market types got their comeuppance.
-- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
