The Economist: It Appears Market Conspiracy Theorists Were Right






The Economist: It Appears Market Conspiracy Theorists Were Right


February 12th, 2018

I wasn’t going to post this. It might have been newsworthy 20 years ago, but since people are submitting it, here you go.

Via: ZeroHedge:

Three new recently published scientific papers seem to confirm what many have claimed for years: the “efficient markets” are not only inefficient – from an informational standpoint – they are also badly rigged. Of the three papers, the Economist reports, one argues that well-connected insiders profited even from the financial crisis, while the other two go so far as suggesting the entire share-trading system is rigged.

Unlike conventional insider trading cases – which traditionally require fortuitous tip-offs and extensive, expensive investigations, involving the examination of complex evidence from phone calls, e-mails or informants wired with recorders – the papers make imaginative use of pattern analysis from data to find that insider trading is probably pervasive, according to the Economist.















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