Studying Economics Is Not A Good Preparation

When A Long-term Trend Loses It’s Momentum, Short-term Volatility Tends To Rise. It Is Easy To See Why That Should Be So: The Trend-following Crowd Is Disoriented.

Market Prices Are Always Wrong.

It Is Better To Have A Cat And Mouse Game Where The Cat Has The Upper Hand Than A Cat And Mouse Game Where The Mice Are Ruling. Because The Latter Means That The Market Participants Are Given Free Range. That Was Actually The Big Misconception Of Our National Hero Ronald Reagan, Who Always Talked About The Magic Of The Market.

Markets Are Imperfect. So You Do Need Regulation, Knowing That The Regulators Are Also Human.

In 2012, The Far-right Golden Dawn Won 21 Seats In Greece's Parliamentary Election, The Right-wing Jobbik Gained Ground In My Native Hungary, And The National Front's Marine Le Pen Received Strong Backing In France's Presidential Election. Growing Support For Similar Forces Across Europe Points To An Inescapable Conclusion: The Continent's Prolonged Financial Crisis Is Creating A Crisis Of Values That Is Now Threatening The European Union Itself.