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Flash Crash: Markets No Longer Reflect Economic Reality

Today’s markets no longer reflect economic reality on the ground. By Zachary Karabell

articles/2011/08/10/flash-crash-markets-no-longer-reflect-economic-reality/economy-and-debt-karabell_rxfiga
Stan Honda / Getty Images

Over the past 48 hours, global markets have lived a life cycle, from panic and fear through uncertainty and confusion, and then, finally, euphoria. The individuals and machines placing the trades have been along for the ride, and if you stepped away for lunch or coffee, you risked exiting the...

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