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Saturday, September 29, 2012

New Study Blames Greek Debt Crisis on Market's Invisible Herd


Wired

New Study Blames Greek Debt Crisis on Market's Invisible Herd
Wired
A new analysis of the Greek debt crisis claims to have quantified what many people intuitively believed: That a spike in debt prices in 2011 didn't reflect a rational market appraisal of the country's economy, but a panic that worsened an already dire ...


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