Don't Bet on It | The more Wall Street is convinced that Washington will act rationally and raise the debt ceiling, the less pressure there will be on lawmakers, writes Andrew Ross Sorkin.
Andrew Ross Sorkin wrote about "the perversity of Wall Street's psychology: The more Wall Street is convinced that Washington will act rationally and raise the debt ceiling, most likely at the 11th hour, the less pressure there will be on lawmakers to reach an agreement.
Here's the perversity of Wall Street's psychology: The more Wall Street is convinced that Washington will act rationally and raise the debt ceiling, most likely at the 11th hour, the less pressure there will be on lawmakers to reach an agreement.
Instead, the chapter finishes with the graphic story of an entry-level high-end prostitute who behaves "rationally" by raising her fee gradually to see whether demand drops off.
Optimizing land use and vegetation cover and spatial pattern is conducive to achieving both ecological and economic goals in terms of controlling soil erosion, using water resources rationally and raising agricultural productivity.
In the remote parts of America, an industrious youth may follow any occupation without being looked down upon or sustain loss of character, and he may rationally expect to raise himself in the world by his labor.
Therefore, we propose to expand forest insurance promotion, raise the farmers' income, rationally design insurance products, and optimize the forest premium subsidy policy to enhance the farmers' willingness to participate in forest insurance.
Imagine that same startup that rationally should have raised $5 million on $20 million pre-money is able to raise $20 million on $80 million pre-money.
In such markets with heterogeneous products and consumer preferences, originator firms may rationally adopt a segmentation strategy, raising price to target the most quality-inelastic, price-inelastic consumers, abandoning the more quality-elastic segment to lower-quality generics.
However, heterogeneous nature of TB and failure of rationally designed vaccines in clinical trials raises serious questions against the simplistic view of TB as an outcome of weakened immunity.
