Short-Term Talk, Long-Term Cost
The idea that financial markets are too focused on the short term has gained considerable ground within much of the news media and among some academics in recent years, and now it is attracting political attention in the US. It is not difficult to see why; but it is important to understand why that could end badly.
CAMBRIDGE – The idea that financial markets are too focused on the short term is gaining ground in the media and among academics. And now it is attracting political attention in the United States.