· From: Lakshmi Rhone At his blog Rajiv Sethi quotes someone saying:
“perhaps the fundamentals move faster than the markets adjust, so FX is never in equilibrium. Perhaps (in the language of statistical mechanics) the relaxation time is much longer than the average time between forcings.” ^^^^ CB: Is the metaphor to physics to Quantum Mechanics ? Can't know both the location and speed of electrons at same time. Can't know supply and demand at same time. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
