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Mostrando entradas de agosto, 2019

PYGMALION EFFECT, FINANCIAL MARKETS AND ARGENTINE'S ELECTIONS

Fear is one of the six basic emotions of the human being. Financial markets, as a group of human beings, also go through waves of exacerbated fear. In the case of Argentina, the markets, with their extreme fear of Kirchnerism, and as self-fulfilling prophecy, ended up generating the macro conditions that made those who feared so much win. The electoral results in Argentina were a surprise for many, since a triumph of opposition candidate was not predictable, because in the last stage of its last government, executed a painful economic policy, along with a great embezzlement of public funds, whose results have not yet been overcome. However, they won again! What happened is the expression of the complex psychological behavior of Argentine people, marked by a big emotionality in their decision-making process, a vote exercised mainly from the reptilian brain: fear and flight. In Argentine, fear is permanent, its inhabitants are always on the defensive . Everything seems to be go