The Fourth Era of Financial Markets | Econ201 | Big Think - 0 views
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Kevin DiVico on 23 May 12Are the financial markets rational? It's a tough claim to make as share prices and bond yields zoom up and down during a single day, hour, or even second, sometimes without any obvious reasons. Yet for the first time in human history, the markets may be approaching the ideal of rationality that economists have long cherished.