The Stock Market Has Predicted Nine Of

Globalization Presumes Sustained Economic Growth. Otherwise, The Process Loses Its Economic Benefits And Political Support.

For Better Or Worse, Us Keynesianism Was So Far Ahead Of Where It Started. I Am A Cafeteria Keynesian. You Know What A Cafeteria Catholic Is?

Even If This Advice To Portfolio Decision Makers To Drop Dead Is Good Advice, It Obviously Is Not Counsel That Will Be Eagerly Followed. Few People Will Commit Suicide Without A Push. And Fewer Still Will Pay Good Money To Be Told To Do What Is Against Human Nature And Self-interest To Do.

First, Those Who Disagree With Market Efficiency Simply Assert That It Stands To Common Sense That Greater Effort To Get Facts And Greater Acumen In Analyzing Those Facts Will Pay Off In Better Performance Somehow Measured. (by This Logic, Cure For Cancer Must Have Been Found By 1955).

Thousands Of Important And Intelligent Men Have Never Been Able To Grasp The Principle Of Comparative Advantage Or Believe It Even After It Was Explained To Them