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<![endif]--> The Inelastic Markets Hypothesis<br/>September 3, 2021](http://static.fmgsuite.com/media/downloadables/images/variantSize/841ef69b-3609-4415-9f36-6a15bcdcdb2c.jpg?v=1)
The Inelastic Markets Hypothesis
September 3, 2021
For most of the post-war era, the prevailing academic models that seek to explain capital market prices have been based upon the assumption that the market is completely efficient. The traditional economic view is that asset prices adjust to financial data....