August 28, 2012

Despite Crisis, Britons Still Spend Like Drunks

Jeff Randall, Telegraph

AP Photo

In the City, they call it a “false market”. This occurs when erroneous information, often deliberately circulated, becomes the basis for investors’ decisions. The result is illogical choices, as buyers and sellers, who believe they are behaving rationally, trade on deception dressed up as news.

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TAGGED: economy, UK

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