Why Wall Street is like a used car lot
by Steven Pressman | March 6, 2017 12:09 PM
Endnotes:
- Steven Pressman: https://theconversation.com/profiles/steven-pressman-307970
- The Conversation: https://theconversation.com/us
- entire list of contributing faculty and their articles here: https://theconversation.com/institutions/colorado-state-university-1267
- who met under a buttonwood tree on Wall Street: http://3197d6d14b5f19f2f440-5e13d29c4c016cf96cbbfd197c579b45.r81.cf1.rackcdn.com/collection/papers/1790/1792_0517_NYSEButtonwood.pdf
- largest securities exchange: http://www.investopedia.com/terms/n/nyse.asp
- US$200 billion: http://www.nyxdata.com/nysedata/asp/factbook/viewer_edition.asp?mode=table&key=3140&category=3
- some: https://www.theatlantic.com/business/archive/2017/01/trump-bump/513698/
- financial markets and frauds: https://www.jstor.org/stable/3487115?seq=1#page_scan_tab_contents
- gasoline: http://articles.mcall.com/2005-09-11/news/3616708_1_gasoline-prices-gas-prices-price-surge
- did on March 2: http://www.reuters.com/article/us-snap-ipo-idUSKBN1690I7
- easy to end up with a lemon: http://abcnews.go.com/GMA/story?id=126960&page=1
- history of fraud: http://www.wiley.com/WileyCDA/WileyTitle/productCd-0470601809.html
- South Sea Bubble: https://www.library.hbs.edu/hc/ssb/history.html
- Bernie Madoff’s Ponzi scheme: http://www.businessinsider.com/how-bernie-madoffs-ponzi-scheme-worked-2014-7
- Economist John Maynard Keynes compared: http://www.nytimes.com/2011/09/04/business/economy/on-wall-st-a-keynesian-beauty-contest.html
- showed that when bubbles burst: https://www.amazon.com/Great-Crash-1929-Kenneth-Galbraith/dp/0547248164
- car companies installing exhaust systems: https://theconversation.com/the-not-so-invisible-damage-from-vw-diesel-cheat-100-million-in-health-costs-48296
- financial firms: https://theconversation.com/how-wells-fargo-encouraged-employees-to-commit-fraud-66615
- they did not ask for: https://www.nytimes.com/2016/10/12/business/dealbook/at-wells-fargo-complaints-about-fraudulent-accounts-since-2005.html
- dislike uncertainty: https://www.federalreserve.gov/econresdata/notes/feds-notes/2014/some-implications-of-knightian-uncertainty-for-finance-and-regulation-20140410.html
- stocks tend to perform well: https://theconversation.com/will-the-trump-rally-continue-through-2017-70776
- Stock prices rose: http://www.1stock1.com/1stock1_141.htm
- President Trump has promised: https://www.theatlantic.com/business/archive/2017/01/trump-corporate-tax-cut/514148
- The Conversation: http://theconversation.com
- original article: https://theconversation.com/why-wall-street-is-like-a-used-car-lot-73570
Source URL: https://source.colostate.edu/wall-street-like-used-car-lot/
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