4 ms·
I can't see the article because paywall, so out of grim curiosity: Do the journalists (at the so-called "Wall Street Journal") get through the whole article wi
by Eliezer 6y ago
I can't see the article because paywall, so out of grim curiosity: Do the journalists (at the so-called "Wall Street Journal") get through the whole article without mentioning once that "Stocks react to changed forecasts as events become predictable, not to events as they play out the forecast" or "Stocks discount the next 20 years of revenues, not revenues this year"? Has economic illiteracy progressed that far? Or is there yet a tiny redoubt of econoliteracy somewhere in the newspaper?