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A Global Perfect Storm

The David McWilliams Podcast

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What's Happening in Financial Markets?

What's happening in a country that seems so far away, like schilanka, could well be not so much a source of contagion, but a leading indicator for what's coming down the tracks. What actually drives people in financial markets is feeling. And it's a feeling of where the herd is, where the crowd is. So one of the most fascinating books i've ever read is a book called crowds and power, by a man called elias kennetty. He was a german academic originally living in bulgaria, survived the holocost when to live in germany,. And wrote about the dynamics of creme, bout lots of things, right?

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