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Re: Economics business.The Sub-prime Crisis. How bad is it?
Quote:
The Science of Economic Bubbles and Busts
The worst economic crisis since the Great Depression has prompted a reassessment of how financial markets work and how people make decisions about money
By Gary Stix
* The worldwide financial meltdown has caused a new examination of why markets sometimes become overheated and then come crashing down.
* The dot-com blowup and the subsequent housing and credit crises highlight how psychological quirks sometimes trump rationality in investment decision making. Understanding these behaviors elucidates the genesis of booms and busts.
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The Science of Economic Bubbles and Busts: Scientific American
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"Unemployment is capitalism's way of getting you to plant a garden."
~Orson Scott Card  |
