Behavioural Finance Markets
It is quite staggering how much sentiment on the global economy can change. In the middle of 2016 asset prices suggested that we’d never see meaningful growth again, by the end of 2017 ‘synchronised expansion’ was the order of the day.
Today the prevailing argument is that the world is… Read the article
The summer felt quite volatile, with lots of headlines about trade agreements, elections and the like, as well as some big price moves in Turkey, Argentina, and Italy.
However, not much really changed. Even the specific issues above were largely what we were writing about three months ago… Read the article
“The world…has witnessed an extensive history of financial bubbles, expanding credit, and subsequent crises…We put inaccurate beliefs at the centre of the analysis of financial fragility”.
In a new book, “A Crisis of Beliefs”, economists Nicola Gennaioli and Andrei Shleifer tackle the role of beliefs in financial… Read the article