Moods are relatively long-lasting emotions. Sentiments are shorter-term.
They can affect how stock market cycles react and can precipitate booms and busts.
That is because cycles can easily grow into the fully grown varieties. It is the way minor bear markets start and deeper recessions fester. Given enough impetus and human error, financial meltdowns will eventually occur, as I outlined in a previous report.
It is the reason why an astute, wise president seeking to prevent a deep recession, NEVER, NEVER makes it a practice singling out industry, whether industrial types, insurance or financial, as scapegoats when he wants the economy to recover and produce jobs.
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