2 ms·
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 ca
by the_why_of_y 12y ago
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.