On Wed, Sep 30, 2009 at 12:21 PM, c b <[email protected]> wrote: > Speculators and bubbles are equivalents, identical > > In logical form Speculators <===> Bubbles > > There would be an identity between them. > > But I don't think you mean this because you said that speculators in a > casino don't create bubbles. So, that is a case where speculators fail > to crreate a bubble.
I should have qualified it by saying "speculators in financial markets always create bubbles". As the casino example shows, this is not a tautology, but an empirical observation. > Do you mean speculators on the stock market always create, never fail > to create bubbles ? Yes this is what I mean. -raghu. -- "I have a heart of a child... in a jar on my desk." - Stephen King _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
