{"product_id":"v06-c05-exorcis-pdf","title":"V.6:5 (175-177): Exorcise fear of a depression by Charles Bebber","description":"Exorcise fear of a depression\nby Charles Bebber\u003cbr\u003e\u003cbr\u003eNot surprisingly, economic reports in the weeks following the stock market's Black Monday bristled\nwith references to pessimism, alarm and failure of confidence. Contemporary economic thought has long\ntaken for granted that psychology plays a key role in the economy's performance. The high drama of\nOctober, therefore, compelled analysts to weigh again and again the possible emotional repercussions on\nmarkets and consumers.\u003cbr\u003e\u003cbr\u003eFrom the standpoint of psychology, however, questions can be raised regarding their repeated allusions to\none particular psychological elementraw fear:\u003cbr\u003e\u003cbr\u003e- In its first issue after the plunge, Newsweek worried that \"the cascading Dow and record trading\nvolume marked a major shift in psychology and sent a powerful shiver across the country... If hastened\nby a financial panic, a recession could quickly spread, creating deep economic distress around the\nglobe.\"\u003cbr\u003e\u003cbr\u003e- The initial issues of the several business publications waxed equally ominous. John Curran,\nFortune's chief stock market writer, described the nosedive and its aftermath as a \"once-in-a-lifetime\ntrauma,\" \"hair-raising,\" \"chilling\" and \"emotionally wrenching.\"\u003cbr\u003e\u003cbr\u003e- New York Times columnist R.M. Rosenthal, concerned about the emotional fallout from Black\nMonday, even interviewed a psychiatrist, who warned that \"panic and fear are the other side of greed\"\n(a fact well known by traders).","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133779898737,"sku":"\\V06\\C05\\EXORCIS.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_5a1344ea-78b2-4fff-b4f9-089ba7e7e87e.jpg?v=1739652264","url":"https:\/\/shop.traders.com\/products\/v06-c05-exorcis-pdf","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}