Summary | The record of the securities markets in predicting or
explaining developments in the real economy is patchy.
Securities markets are influenced more by the availability and
cost of money, or by perceptions of extreme events, than by
what is happening in the real world.
explaining developments in the real economy is patchy.
Securities markets are influenced more by the availability and
cost of money, or by perceptions of extreme events, than by
what is happening in the real world.
chinadaily.com.cn | 27 August 2015