From: Reuters
Markets may play jilted lover in euro zone drama
December 20, 2011
Reuters:
The euro zone debt crisis may be as much about the heart as it is about the head — like a jilted lover, markets are just finding it hard to trust again.
Behavioural economists say financial bubbles can create an emotional high that turns into a irrationally deep low when the bubble pops — people begin to ignore fundamentals and have only negative associations with certain investments.
“Something like that is now happening with the euro (zone) where it has become contaminated on a psychological level and hated,” said David Tuckett, psychoanalyst and author of “Minding the Markets”.
Read the whole story: Reuters
See Peter Ayton at the 24th APS Annual Convention
More of our Members in the Media >
APS regularly opens certain online articles for discussion on our website. Effective February 2021, you must be a logged-in APS member to post comments. By posting a comment, you agree to our Community Guidelines and the display of your profile information, including your name and affiliation. Any opinions, findings, conclusions, or recommendations present in article comments are those of the writers and do not necessarily reflect the views of APS or the article’s author. For more information, please see our Community Guidelines.
Please login with your APS account to comment.