Asch conformity Archives

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Project Fear

“voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same way in any country.” Change ‘pacifists’ […]

(Earnings) Klingons on the starboard bow

Why are markets perennial optimists? Perhaps it’s a reflection of the commercial bias favouring a positive investment recommendation by market participants to portray a glass as half full rather than half empty. Fold in expectations of a central bank put to bail out markets with endless liquidity fixes when things get sticky and it’s easy […]