As I mentioned, there was a big bet that credit spreads, both in mortgages and in corporates, were way too narrow in the past couple of years and that — we thought that if they were priced rationally those spreads would widen and we put ourselves in a position to profit from that.
From the late nineteen-nineties onward, the Fed stubbornly refused to recognize that speculative bubbles encourage the spread of rationally irrational behavior; convinced that the market was a self-regulating mechanism, it turned away from its traditional role, which is in the words of a former Fed chairman, William McChesney Martin—"to take away the punch bowl just when the party gets going".
From the late nineteen-nineties onward, the Fed stubbornly refused to recognize that speculative bubbles encourage the spread of rationally irrational behavior; convinced that the market was a self-regulating mechanism, it turned away from its traditional role, which is — in the words of a former Fed chairman, William McChesney Martin — "to take away the punch bowl just when the party gets going".
Stoicism teaches that the universe is rational, that it can be explained rationally, and organized rationally.
The Encyclopédistes the contributors to the great Encyclopédie edited by Denis Diderot (1713 84)—spread the idea that agricultural and manufacturing processes could be rationally analyzed and improved; the work also criticized religious and political orthodoxy.
The editors have stressed the importance of modes of spread allowing decisions on target volumes to be made more rationally, which is particularly important with IMRT planning.
The study considered that the level of concern about disease spread within a village as an outcome of how correctly and rationally the producers can assess the risk of disease spread as well as the circumstances in which the producers operate.
In terms of perception, the study considered that the level of concern about disease spread within a village is an outcome of how correctly and rationally the producers can assess the risk of disease spread as well as the circumstances in which the producers operate.
Tetracyclines and chemically modified tetracyclines (CMTs) have been rationally designed to inhibit the activity of MMPs and thus decrease the potential risk of spread of tumor cells to distant sites by invasion and metastasis.
