Podcast: Eco Waves
“When the tide goes out”. Market psychology during economic downturns 1/29/2019

The stylised facts of a recession (considerable drop in equity prices, widening of the spread between corporate and government bonds) imply that during a slowdown, investors will focus their attention on the likelihood of entering a recession. The sensitivity to bad news increases, the investment horizon shortens and volatility rises, with a detrimental impact on growth.

TRANSCRIPT // “When the tide goes out”. Market psychology during economic downturns : January 2019

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