Stock Market Investors Mindset of Guaranteed Economic Destruction
Most people will not change. Too radical. Not going with the flow
Diamond Rated - Best Financial Markets Analysis Article Gary North writes: Most people will not change. Too radical. Not going with the flow. Not betting against the herd.
The best examples in the 20th century were Jews in Germany in 1933. They stayed. This included Jewish bankers, all of whom could have left. They thought they could deal with Hitler. They did not read Mein Kampf. They did not take it seriously.
About 7% did leave early: 38,000 out of 523,000. More left after 1938. By 1941, about 160,000 remained in Germany. Then emigration was closed by the Nazis. Earlier, it was encouraged. The data are here.
More...
View Comments