Market Madness: A Century of Oil Panics, Crises, and Crashes free ebook download.

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Market Madness: A Century of Oil Panics, Crises, and Crashes free ebook download

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Finances and Money

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Author(s):	Blake C. Clayton

Date:	2015	Format:	PDF	Language:	English	ISBN/ASIN:	0199990050
Pages:	221	OCR:		Quality:		ISBN13:
Uploader:	eternal	Upload Date:	12/1/2019 7:43:25 PM

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"In Market Madness, Dr. Blake Clayton, a Wall Street stock analyst and former Oxford researcher, draws on a century's worth of statistical data to offer a revolutionary new look the history of oil and future of energy. The culmination of a multi-year study, he shows how generational fears about an imminent, irreversible shortage of oil punctuate the history of oil since its earliest days. He explores the conditions in which oil supply fears arise, gain popularity, and eventually wane, and shows how important such stories can be in affecting financial markets. He links these episodes to the behavioral concept of irrational exuberance and new era economic thinking, first popularized by Nobel Laureate Yale economist Robert Shiller, to show how unfounded pessimism affects the market for oil and other exhaustible resources. Acknowledging the significant geological and structural changes the oil market has undergone over the last century, the book does not dismiss today's shortage fears out of hand, but asks what they reveal about how commodity markets function and what that means for investors and public officials. Clayton argues that the lessons to be learned from this history are the need for quality data about US and global oil reserves, the importance of clear communication from public officials about energy markets and resources, and the value of transparency in commodities markets. While these measures will not eliminate volatility and unpredictability in energy markets, he writes, they would mitigate unnecessary price spikes and improve investor and government decision-making. The book addresses popular debates in economics and finance on how mass beliefs affect financial markets while also offering a colorful narrative history for general readers about the dramatic booms and busts of the American oil industry"

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	Title	Link	Password	Size (MB)	Thank to	Inform Admin
2641204	Book	https://nitroflare.com/view/3971CC7BB875...		7.36	eternal

Tags: Century Crashes Crises Madness Market Panics

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