On Oct 13, 2007, at 3:11 AM, Sabri Oncu wrote:
Doug:
The EM partisan would respond, not incorrectly, that the
whole problem is a lack of a market for these securities.
Apparently, neighter Doug nor Michael follow the recent finance
literature
closely. Even God, that is, Eugene Fama, had thrown the towel in,
although he
did not say so explicitly.
I haven't read that stuff in about 5 or 7 years. Last Fama I read he
was showing signs of loosening his grip on the towel, but not yet
letting go. What's he saying now?
Doug
