$10 is “right,” but markets are about psychology. You’d probably say “no” to a $5 offer, but you’d entertain a $8.50 offer and would snap up $9.00. If you sold at $9.00, the market price is $9.00, and the fund traded at a 10% discount to NAV. Second, closed-end fund...
The sole purpose of FICA, as told by President Franklin D. Roosevelt, was so that“no damn politician can ever scrap my Social Security program”(because it is an earned benefit ostensibly funded by the workers themselves.) FICA is not economics. FICA is psychology. Sadly, rather than protec...
The maximum mark for this paper is 72. Question 4 should be answered in continuous prose. You may use the space provided to plan your answer. In Question 4, you will be marked on your ability to: –use good English –organise information clearly ...
Flashcards 1 / 17 PSYCHOLOGY JUNE 2017 AS PAPER 1 Log in Sign up Get a hint What best describes the agentic state? Click the card to flip it People no longer feel responsible for their actions as they are acting for an authority figure...
The oil market is basically all about psychology “This is simply because since 2003 the price of a barrel of oil has spiralled, while China continues to experience a rapid rate of industrial growth. These are the ‘subjective’ reasons why the BP report is more likely to cause alarm in...