Detailed text transcripts for TV channel - MSNBC - 20150825:16:10:00
If you like. you have a lot of hedge funds, a lot of traders running computer-driven trading programs. and the problem is you get what i like to call computer herding, not cow herding but computer herding where kind of all the programs are designed by the same guys, they have the same inputs. and when something like stock prices like to fall, they panic together. now, we don't yet know exactly how much that did or did not play a part in the last few days. certainly what appears to have happened is different from what happened, say, with the treasury bond market last year. it wasn't a real flas...