Get Your Money for Nothing and Your Kicks for Free

Colin Read
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Colin Read: SUNY College at Plattsburgh

Chapter 5 in Global Financial Meltdown, 2009, pp 38-44 from Palgrave Macmillan

Abstract: Abstract Financial markets have become much more volatile of late because of one looming and growing factor — debt. More specifically, the debt that is used to finance Consumer-Investor securities purchases has created fantastic profits and spectacular failures. And the fantastic debt tapped by hedge funds, sometimes 30 times their own equity investment, ups the ante even more. This debt gone wrong taps into one of our most basic human instincts — the fear of loss.

Keywords: Human Capital; Hedge Fund; Liquidity Constraint; Student Loan; Speculative Bubble (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59518-7_5

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DOI: 10.1057/9780230595187_5

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