Our Self: Um blogue desalinhado, desconforme, herético e heterodoxo. Em suma, fora do baralho e (im)pertinente.
Lema: A verdade é como o azeite, precisa de um pouco de vinagre.
Pensamento em curso: «Em Portugal, a liberdade é muito difícil, sobretudo porque não temos liberais. Temos libertinos, demagogos ou ultramontanos de todas as cores, mas pessoas que compreendam a dimensão profunda da liberdade já reparei que há muito poucas.» (António Alçada Baptista, em carta a Marcelo Caetano)
The Second Coming: «The best lack all conviction, while the worst; Are full of passionate intensity» (W. B. Yeats)

04/06/2013

CASE STUDY: Também tenho essas dúvidas (entre outras)

As dúvidas de John Kay, professor da London School of Economics, foram citadas pelo Financial Times:

«We have been through sequential crises, of which the prominent examples have really been the emerging market debt crisis in the mid- to late-1990s, the new economy bubble, credit expansion and bust, and the eurozone crisis.


They’re trading crises, fundamentally, and the system is geared around trading profits, which are, in large part, money that is borrowed from the future. A crisis results from the moment at which this money has to be paid back. …

I’m starting to query in my mind whether the role of public equity markets isn’t just over, from the point of economic value. I don’t see the need for them any more.

We have a kind of casino activity, which is associated in large part from what these companies actually do, and that’s OK so long as people understand the facts. It’s rather like betting on horseracing. It doesn’t actually affect the performances of horses, or it shouldn’t. …

Prices are driven to silly levels, but everyone makes a load of money in the meantime, and then you get a correction

Além destas dúvidas, tenho outras , na verdade mais fundamentais, a que voltarei na primeira oportunidade – que vai levar algum tempo.

Sem comentários: