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Strategies & Market Trends : The coming US dollar crisis
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From: maceng24/29/2009 4:49:51 PM
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The search is on to apply biology and psychology to better understand markets.

Duke University’s Douglas Breeden spoke for many when he said the industry had been guilty of hubris. He also pointed out that Paul Samuelson, the great economist who laid the foundations of efficient markets theory, always warned that his theory was “subject to refutation by observable facts”. That refutation seems now to have happened

ft.com
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