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bobcostas55
on Feb 5, 2015
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Interest rates on some European government bonds h...
What does the EMH have to do with the financial crisis?
the_why_of_y
on Feb 6, 2015
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EMH claims that marked prices always reflect reality, so the housing bubble of 2000-2007 (with house prices rising at twice the rate as rents) whose bursting caused the financial crisis ought to be impossible.
ArkyBeagle
on Feb 6, 2015
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Chairman Greenspan thought that banks would behave rationally, and that is a portion in EMH theory.
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