Which came first, sentiments or the economy?
September 6, 2008
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Today I link to an article from the Contrarian Investor’s Journal. The article explores the interaction between emotions and the economy.
Article Excerpt:
We do not subscribe to the theory that sentiments alone are the root cause of the business cycle. In fact, as we explained in What causes economic booms and busts?, the business cycle has its roots on human decisions and actions.
