If you can convince people that something non-physical, unsecured, diluted and poorly rated, like most stocks and bonds, are an ‘asset’, it’s much easier to manipulate the price.

Here’s the story of a real maniac, that has influenced me as much as the undoing project. If you study the history of this firm And it’s regulators, it is a poster child for Behavioral Corrosion and Behavioral Economics. These are people’s retirement assets we’re talking about.

https://www.investmentnews.com/lpl-financial-fined-11-7-million-for-widespread-supervisory-failures-62290

This IS the behavioral economics sub right? Classical economic theory assumes that individuals are rational. However, in the real world, we often see irrational behaviour – decisions which don't maximise utility but can cause a loss of economic welfare. ... It means economists need to take into account the potential for irrationality.

Let’s just say, I don’t think financial assets are rapidly diminishing in value to most investors in this environment. After all, this is our nations leader.

https://www.nytimes.com/2016/06/12/nyregion/donald-trump-atlantic-city.html

But, thank you for your concern and your frequent one liners.

/r/BehavioralEconomics Thread Parent Link - en.wikipedia.org