A theory is appropriate as long as it fits into the fact; when a theory doesn't fit in the fact, it's wise to walk with the fact.
Thursday, December 9, 2010
Banks' exposure to stock market
This is indeed a very good editorial, I must say, on the exact reason of recent unusual stock market rise. Uncontrollable banks' exposure to stock market may bring a disaster for overall macroeconomic and financial stability, which asks for a timely and effective intervention by the relevant financial market authorities.