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* Our summary is short, simple and pragmatic. It allows you to have the essential ideas of a big book in less than 30 minutes.
*By reading this summary, you will discover how social, economic and political factors create a speculative market in the stock market and real estate.
*You will also discover : how the media uses financial information to attract the public; that the speculative bubble resembles the Ponzi scheme, which is a fraudulent financial system; that cognitive biases encourage risky stock market decisions; how changes in interest rates play a key role in the stock market; the paths to be followed to minimize the risks of a financial bubble.
*In economics, the term "irrational exuberance" refers to the risky behaviour of investors faced with prices that no longer represent the reality of their value. These situations where investors allow themselves to be influenced by announcements of rising share prices create speculative bubbles. In the 2000s, this situation created an overvaluation of the stock market, which subsequently led to major financial crises. How can this phenomenon be explained?
*Buy now the summary of this book for the modest price of a cup of coffee!