Monthly Archives: September 2018

What is Disequilibrium?

Equilibrium can be difficult to define in financial terms – and disequilibrium even more so. Physics tells us that equilibrium…

Markets

MMPI was taken to task by some readers in recent weeks for citing the “markets” without explanation. For example, the…

Market Expectation

There is a theory of market expectations, which advocates that long-term interest rates available in the marketplace contain a predictive…

What did Say say?

Jean-Baptiste Say stated that aggregate supply, in and of itself, creates the same quantity of aggregate demand. Therefore, a general…

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