FREAK CITY REVIEW

The political voice of GENERATION X.

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Name: NERDMANN
Location: Green Bay, Wisconsin, United States

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  • Robbing the Old to Pay the Rich
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  • Joe Stiglitz Slaps The Invisible Hand

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Monday, March 15, 2010

Presenting Empirical Evidence Of The Existence Of "Greater Fools"

The explanation: overconfident, under-informed "speculators" i.e., the bulk of traders in US stock markets, who get the bulk of their finance education from CNBC, who do no homework, yet hope the a stock will be flippable in one second at a higher price, just like a house was flippable 4 years ago to some other stupid schmuck.

posted by NERDMANN @ 7:37 PM 

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