Markets are all about gathering and analysing information - and that is not efficient

nitro

nitro

Here is proof that markets are nowhere near efficient. Comb through research journals for colossal gains. This guy had $50,000 and two graduates students helping him.

"...Carder said he's surprised to see such a hullabaloo now, because his team's findings were made public nearly a year and a half ago.

"We actually presented this data in a public forum and were actually questioned by Volkswagen," said Carder...."

http://www.cnbc.com/2015/09/23/meet-the-man-who-uncovered-volkswagens-lie.html
 
Not sure, but it looks less like it's the speed of inefficient government you're talking about here. Why should the market care about this unless the government intends to prosecute on it?
 
Over the years, markets have experienced...

1. Individual investor... where the retail investor played a big part in market activity.

2. Later, Institutional investor... which dwarfed the retail investor.

3. Today, the "Interventionist market"... where government desires and Central Bank actions hold sway.

Not your grandfather's market any longer.

Each different from the time before. IOW... adapt or perish.
 
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Nitro, fuel efficiency and performance mainly. There's incongruity in testing for emissions vs testing for mileage.

A change in testing to measure emissions on the road (highway vs city) and then use some kind of averaging rule to determine aggregate emissions would allow both milage and emissions testing to happen using the same parameters but they're might be limitations in emissions testing off the dyno.

One key thing though is that VW designed a defeat which, as far as I can tell, reacted to the presence of a code scanner being plugged in plus a few other "looks like a smog test" input parameters - not exactly rocket science stuff here.
 
Where VW pollution is worst:

vwpollution.png


http://www.bloomberg.com/news/artic...excess-emissions-will-kill-59-americans-study
 
That article is ridiculous and totally dependent on statistical analysis and nothing else.

"The study also estimated that the cost of these deaths to the economy was about $450 million, an amount that would increase to $910 million if there was no recall of the offending vehicles."

Really, so if we lose 60 people, that's going to cost us between 450-910 MILLION dollars? Hope we never have a catastrophic event then.
 
Volkswagen emission cheating scandal spreads to Porsche

money.cnn.com/2015/11/02/autos/volkswagen-porsche-emission-cheating-scandal/index.html
 
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