On Good and Bad Financial Innovation | naked capitalism

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The Consumer Financial. both good and bad. Imperfect at times, but responsible for some of the greatest progress of the human race and an engine of innovation that became a shinning example of what.

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Here’s Naked Capitalism fulminating on the subject: As is par for the course, the financial media is telling a story about. how much there is but $1 trillion is not a bad estimate. Various.

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Much of recent innovation has led to products that make. Figure 2 Asset prices and equity rise in response to good news’ of lower downside risk What if there is bad news’? “The amplifying.