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The truth is very likely to be much closer to what Wall Street thinks than what D.C. thinks. Traders and investors are incentivized to assess risk correctly an
by dustcoin 13y ago
The truth is very likely to be much closer to what Wall Street thinks than what D.C. thinks.
Traders and investors are incentivized to assess risk correctly and make good bets, while Congress is incentivized to engage in brinkmanship and make as much political noise as possible.
- judk 13y agoTraders are inscentivized to follow the herd and make big bets because when they lose they get bailed out or declare bankruptcy or (individuals) just find a new job and don't get a negative commission on losses.