Word: stockings
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...current economic meltdown, some people have more reason than others to worry - people, for example, who need to spend their savings very soon. For them, fear serves a purpose: it encourages action, which may prevent further losses. But for most of us, what will happen in the stock market in three or 10 or 20 years, when we will most need our savings, is unknowable. We can't predict the financial future, so we shouldn't try. But anxiety doesn't work according to those rules...
...imaging equipment and watched them reckon with a group opinion (about whether two shapes were the same or different) that was clearly false. They found that the brain worked to integrate the false opinion into its perception of the world. In other words, if other people start selling a stock you thought was valuable, you may want to do the same - at first...
...state of high uncertainty, the brain wants most of all to do something - anything. "The natural urge, when we hurt, is to pull away," says John Forsyth, an associate psychology professor in the Anxiety Disorders Research Program at the University at Albany, SUNY. Unfortunately, doing something - like selling stock or drinking heavily at the office - can make things dramatically worse...
What a difference a week makes. With their coordinated response to the international banking crisis, European governments - followed by the U.S. - appear to have calmed a worldwide market panic and eased fears of a devastating series of bank collapses. Investors from Tokyo to Tunis immediately sent stock prices shooting up again after a week of historic losses. But it's still far too early to celebrate. The measures need to prove their effectiveness by unfreezing lending. And there's still the huge challenge - no less urgent than fixing the banking system - of preventing an economic slump...
...United States and European Union have been frosty. Though many hawks argue the Western powers were not forceful enough, Russia has paid for its bellicosity with capital flight. According to Finance Minister Alexei Kudrin, the country has lost between $10 and $15 billion of foreign direct investment and its stock market is down close to 50 percent this year. Despite the global financial crisis affecting all markets, a considerable part of such downturns for energy-rich Russia can be attributed to investors’ fear of the Kremlin’s aggressive foreign policy and consequent isolation...