Wednesday
Feb082012

More unintended consequences

AuthorPalisade Financial Posted on DateWednesday, February 8, 2012 at 04:14PM

Another interesting piece on the housing bubble. I know it's dated but a great piece on how the housing bubble grew to it's enormous proportion. It provides a great example how the machinations of Wall Street weren't necessarily orchestrated. Rather certain events, such as a creation of a formula, could be used misinterpreted to disastrous consequences:

Recipe for Disaster: The Formula that killed Wall Street.

http://www.wired.com/techbiz/it/magazine/17-03/wp_quant?currentPage=all

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