Actions on asset markets blow about the values in a fortuitous fashion
Unless assumptions erase human error and human folly
Rational expectations
Is kind of a bottom up Devine providence
A Principal/ Agent level behavioral equivalent of the invisible hand
But out there is social reality ....
Yes. Asset markets substantive and paper alike are ultimately tameless brutes
They require adequate and complete top down regulation
An imposed and complex system of tethering and rigging like sails
Either these markets are fully socialized
Or they from time to time
Will blow away in a high speculative wind
or collapse in a panic induced pessimism sustained doldrum
Of course these varying winds and doldrums are themselves looped into the spot performance of the sails themselves
Reinforcing the consequences of momentary gusts and pockets
Thus exceeding the sail analogy in their perversity
