scorecardresearchAre Animal Spirits Running Into a Dumb Money Trap?

Are Animal Spirits Running Into a Dumb Money Trap?

Updated: 04 Aug 2022, 10:51 AM IST
TL;DR.
Rising confidence is coming from many sources, but it’s also crossing a key threshold suggesting traders have lost their heads.
Containers are seen in the port of Buenos Aires on the Rio de la Plata river (River Plate), on August 3, 2022. - Economy 'super minister' Sergio Massa, who was appointed to oversee the economy, development and agriculture ministries as well as relations with international organizations, will be sworn-in on August 3.
The South American country has suffered years of economic crisis, with some 37 percent of its population now living in poverty. Inflation for the first half of this year alone topped 36 percent, and is predicted to reach 80 percent by the year's end. (Photo by Luis ROBAYO / AFP)

Containers are seen in the port of Buenos Aires on the Rio de la Plata river (River Plate), on August 3, 2022. - Economy 'super minister' Sergio Massa, who was appointed to oversee the economy, development and agriculture ministries as well as relations with international organizations, will be sworn-in on August 3. The South American country has suffered years of economic crisis, with some 37 percent of its population now living in poverty. Inflation for the first half of this year alone topped 36 percent, and is predicted to reach 80 percent by the year's end. (Photo by Luis ROBAYO / AFP)