Low Interest Rates Are Bad for Your Brain
A Neuroscientist Explains the Human Penchant for Instant Gratification
In today’s interdependent turbocharged world, we all feel the downstream shocks from China’s wobbling experiment in casino capitalism—and they are painfully familiar. A euphoric bull market, driving stock growth of 150 percent in one year, suddenly crashes with shares losing one third of their value. Despite government intervention, the slide continues, and begins to spread. Panic ensues and markets tumble worldwide in a frantic sell-off.
Millions of novice investors in China, mesmerized by the promise of astonishing profits, had been lured to buy grossly overvalued stocks. Lack of investing experience, easy …