When people follow the lead of others and base their decisions on what other people do?
In times of severe crisis.
Jesus Arturo Devesa
When people follow the lead of others and base their decisions on what other people do?
In times of severe crisis.
What is predictable, and what is entirely predictable?
A bubble and the bursting of the bubble.
Why interest rates are not set by the market?
Because economic activity is fueled by subpar debt.
Why they dislike the choice in front?
Because cynicism has run amok.
When the inconceivable actually happens?
When the range of possibilities is very large.