Animal spirits are involved in a whole lot of our decision making. The famous economist, John Maynard Keynes knew this all along. We make countless decisions guided by peer pressure, often regretting them in hindsight. For example, investing in stocks, experimenting with drugs, going to college, and even political stances are all activities influenced by … Continue reading Animal Spirits Peer Pressurin’ Keynes
What The Rate Hike Means For Us
The silver fox may come bearing gifts this holiday season, as the Fed will (probably) increase the mother of all interest rates—the federal funds rate. In an attempt to save the economy from the financial crisis of 2008, the Fed dropped the federal funds rate down to effectively zero. For close to seven years, the … Continue reading What The Rate Hike Means For Us