The opening in particular is well-executed and clever, informative post quickly laying the groundwork for the story to follow. Particularly in the set up of the husband’s affair and the beginning of Mi-heun and In-gyu’s game. Both are brought into the narrative quite abruptly, to the point of appearing forced so that we might rush to the weightier parts of the picture. Yet, regardless of the missteps when introducing these necessary aspects of the plot, Byun further demonstrates she can tackle difficult, complex, controversial topics with considerable aplomb. Ardor provides enough of an engaging story for me to recommend it, at least for those who don’t have problems watching people get freaky.
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I imagine my readers believe in the free market and, especially, its power as the best allocator of resources. In a free market, Adam Smith’s “invisible hand” moves resources such as labor and capital where they can be most productive. There have been attempts to raise interest rates, but the markets greeted them with a series of “tantrums,” discouraging continued efforts. By saying that, on the subject of when to buy and sell securities, “the market has nothing useful to contribute.” I think we can say the same about what it knows about future macro events. Perhaps the market’s thought process is best understood through this old cartoon – one of the greatest of all time – which I included in On the Couch. So in June we had bouts of stock market weakness, reportedly on inflation fears, and rising bond prices , seemingly based on bond buyers’ conviction that economic weakness will keep inflation subdued.
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