"The lamps are going out all over Europe, we shall not see them lit again in our lifetime."
Sir Edward Grey, 3 August 1914
OECD Slashes Growth Outlook, Warns of Recession
Dans la nuit du vampire des abysses
“Some economists, when thinking about long memory, are concerned that it undercuts the Efficient Market Hypothesis that prices fully reflect all relevant information; that the random walk is the best metaphor to describe such markets; and that you cannot beat such an unpredictable market. Well, the Efficient Market Hypothesis is no more than that, a hypothesis. Many a grand theory has died under the onslaught of real data.” Benoît B. Mandelbrot
"The lamps are going out all over Europe, we shall not see them lit again in our lifetime."
Sir Edward Grey, 3 August 1914