In his Sunday NYT column “An Echo Chamber of Boom and Bust,” Yale economics and finance professor Robert Shiller explained global finance thusly:
…[T]hink of the world economy as driven by social epidemics, contagion of ideas and huge feedback looks that gradually change world views.
So, basically, recessions, depressions, and tight-rolled jeans all have the same cause?
Oh yes, recessions, depressions, and fashion statements are all caused by marketing. What color tie are YOU wearing today?