Reviews for Economists and the Financial Markets

The average rating for Economists and the Financial Markets based on 2 reviews is 3 stars.

Review # 1 was written on 2013-12-15 00:00:00 Richard GomezLee This is a book worth reading. It gives insight into working of stock market, and how to recognize bubble and bust. It covers the story of some of the biggest bubbles and economic slowdowns. Starting with the "Tulip mania" of 1619 to 1622, to the wall street crash of 1929, and finally the ".com" boom of 1994. The basic process of bubble growth, the public sentiment towards the market, and rapidity of crash, all followed the same pattern 400 years a go, 90 years ago, and 20 years ago. Time changes but humans and psychology are same. Two lessons to take home:- 1) 'privilege of the few' if copied by all, can turn into 'tragedy of the masses'. 2) Follow crowd till you grow, then pull out.

Review # 2 was written on 2020-05-25 00:00:00 Brett Wells Honestly, this book is a bit lengthy in story-telling. However, it is very valuable for understanding the dynamics of price ranges (ie, non-directional price movement) and supply/demand forces at work when breaking out.