In a brilliant sketch by John Bird and John Fortune, aired during The South Bank Show on 14 October 2007, these British satirists trace the very workings of financial markets and the outbreak of the subprime crisis. Tragicomedy at its best…!
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[…] Financial growth is said to be driven not by the logic of efficient markets, but rather by irrational sentiment, “animal spirits” that do not respect fundamental values. Emphasizing the role of volatility in […]
[…] the overall market development a little. After that, I’ll have a target price that truly reflects my feeling about the future development of this particularly promising stock.” Combining such market feeling […]