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Herd mentality and crisis – reaction exceeds reality

This is not a good headline.

The same herd mentality that featured in the credit crisis seeks new outlets all the time.  More on this later based on a paper from of all places the Bank of England.

Just how bad is it, and are we (the world) over reacting.

Swine flu spread points to global pandemic | FT

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2009-04-292009-04-29 Colin Hendersoncrisis, herd mentality

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