Has social media broken the stockmarket?
That is the contention of Cliff Asness, one of the great quant investors
Sometimes efficiency is obvious. On a production line for, say, chocolatey treats, it is a series of whirring, specialised machines busy enrobing a biscuit in caramel, covering it in chocolate, and drying, packing and stacking the product. For an office worker communicating with colleagues it probably involves email. In both cases, the process has been made more efficient by technology. Across almost all industries the story, since the industrial revolution, has been one of tech boosting efficiency.
Explore more
This article appeared in the Finance & economics section of the print edition under the headline “The mob and the machine ”
Finance & economics September 7th 2024
- China is suffering from a crisis of confidence
- As stock prices fall, investors prepare for an autumn chill
- Will interest-rate cuts turbocharge oil prices?
- American office delinquencies are shooting up
- Has social media broken the stockmarket?
- America has a huge deficit. Which candidate would make it worse?
- Why Oasis fans should welcome price-gouging
From the September 7th 2024 edition
Discover stories from this section and more in the list of contents
Explore the editionDiscover more
Germany’s economy goes from bad to worse
Things may look brighter next year, but the relief will be short-lived
An economics Nobel for work on why nations succeed and fail
Daron Acemoglu, Simon Johnson and James Robinson tackled the most important question of all
Why investors should still avoid Chinese stocks
The debate about “uninvestibility” obscures something important
China’s property crisis claims more victims: companies
Unsold homes are contributing to a balance-sheet recession
Europe’s green trade restrictions are infuriating poor countries
Only the poorest can expect help to cushion the blow
How America learned to love tariffs
Protectionism hasn’t been this respectable for decades