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Paul Craig Roberts – Speculation (Stock Market) – Definition

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Paul Craig Roberts is an American economist and a columnist for Creators Syndicate. He served as an Assistant Secretary of the Treasury in the Reagan Administration and was noted as a co-founder of Reaganomics. Dr. Roberts is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service. He has testified before congressional committees on 30 occasions on issues of economic policy. He has penned a dozen books, most recently The Failure of Laissez Faire Capitalism and How America Was Lost: From 9/11 to the Police/Warfare State “The markets are all rigged. So, when you try to look at the markets in traditional ways such as price/earnings ratios, earnings growth, or sales growth or any kinds of things like this, they don’t know anything because the

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Paul Craig Roberts is an American economist and a columnist for Creators Syndicate. He served as an Assistant Secretary of the Treasury in the Reagan Administration and was noted as a co-founder of Reaganomics. Dr. Roberts is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service. He has testified before congressional committees on 30 occasions on issues of economic policy. He has penned a dozen books, most recently The Failure of Laissez Faire Capitalism and How America Was Lost: From 9/11 to the Police/Warfare State “The markets are all rigged. So, when you try to look at the markets in traditional ways such as price/earnings ratios, earnings growth, or sales growth or any kinds of things like this, they don’t know anything because the Federal Reserve has probably the largest trading desk in the world. They can trade anything, in fact, everything, and they have no limits on their pocketbook.” Paul Craig Roberts - Speculation (Stock Market) - Definition
Paul Craig Roberts
Paul Craig Roberts has had careers in scholarship and academia, journalism, public service, and business. He is chairman of The Institute for Political Economy.

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