Wall Street and Behavioral Economics

Behavioral economists: They even try to make you think they’re helping you, according to Market Watch. Bull. Call it behavioral economics, psychology of investing, the new science of irrationality, it is Wall Street most powerful weapon because you can’t see it. Behavioral economists used to be guardians of America 95 million Main Street investors, with an aura of integrity, professionals with a fiduciary responsibility. They’re the investors’ enemy, working for Wall Street banks, for Washington politicians, operating in the shadows, like the NSA, developing tools and technologies to secretly control data, manipulate the brains of savers, voters, taxpayers and investors. No more. (news.financializer.com). As reported in the news.