Exorcise fear of a depression by Charles Bebber
ARTICLE SYNOPSIS ...Exorcise fear of a depression
by Charles Bebber
Not surprisingly, economic reports in the weeks following the stock market's Black Monday bristled
with references to pessimism, alarm and failure of confidence. Contemporary economic thought has long
taken for granted that psychology plays a key role in the economy's performance. The high drama of
October, therefore, compelled analysts to weigh again and again the possible emotional repercussions on
markets and consumers.
From the standpoint of psychology, however, questions can be raised regarding their repeated allusions to
one particular ps...