Powell alleged that the Fed was adjusted in the budget for renewal

Homo is an idea or a “financial man” that represents humans as rational animals. This notion has been used to create the models of the economy and more widely.

The great error in that theory is logic in humans. We know how irritating that idea is on a daily basis. We need to check your blood cholesterol, but the crunch of that fried chicken is irreversible.

On Thursday, Russell, Director of American Office of Management and Budget, accused Federal Reserve Chair Jerome Powell of shooting a budget for renewal of $ 700 million at the central bank headquarters.

In the same breath, He also inquired No “Rooftop Terrace Garden, VIP private dining rooms and lifts, water characteristics, premium marble and more” as the original planned.

In fact, if all the allegations are true – the luxury features promised in the budget Expenses of expenses were uprooted – so Create misconduct?? At this stage, it is necessary to give either budget or fountain.

This allegation, more fundamentally, US President Donald Trump – raises the question that is involved Multiple traades Against Powell – The Fed Chair will use this phenomenon to boot.

In the second half of the 20th century, the idea of ​​”Homo Economics” was widely criticized. Through psychological experiments, economists have proven that no man is completely rational. But, indeed, they had to go to such a length?

– Dan Mangan Pangan contributed to the report.

FOMO Price – India’s options market faces realty checks

A week ago, India’s Market Regulator sent the Global Trading Firm Jane Street to the local equity market from participating in a strong signal.

But as the noise stabilizes and the legal back-end, the true story may be elsewhere. The matter gives a window in the design of India’s options market and stress points and what happens when regulating, technology and minor enthusiasm collide.

– Sprayha Srivastava