irrational exuberance
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2021 ◽  
pp. joi.2021.1.199
Author(s):  
Benoit Bellone ◽  
Raul Leote de Carvalho

Author(s):  
Ralph Keyes

Some who create new words later wish they hadn’t. They experience “coiner’s remorse.” Such penitents include Alan Greenspan (irrational exuberance), Trent Lott (nuclear option), Peter Drucker (profit center), and John Gyakum (bomb cyclone). Coinage regret is felt for a variety of reasons: coiners can develop reservations about their verbal offspring, terms they coined years earlier may no longer reflect their outlook, or the ways others use and misuse it is not to their liking. In that case coinage penitents don’t regret a term they created as much as its usage. As part of the process of semantic change, linguists assume that the meaning of coined words will diversify in ways never intended by their coiner. This is small consolation to those who introduced such terms, however. They’re far more likely to be perturbed than reassured by this inevitable process of definition diffusion.


2020 ◽  
Vol 5 (1) ◽  
Author(s):  
Joan Mileski ◽  
Christopher Clott ◽  
Cassia Bomer Galvao ◽  
Taliese Laverne

AbstractFinancial technical analysis of markets and trends differs from fundamental analysis in that econometrics are used on “fundamental” economic data in fundamental analysis. Technical analysis, however, adds to the overall trend analysis an additional examination of the psychology of markets. For freight rate predictions, there has been an exclusive reliance on typical fundamental analysis. Our results indicate that adding technical analysis to freight rate prediction can provide a better overall result. Psychological forces such as “irrational exuberance” or severe bearishness can influence trend predictions making them at best incomplete and at worst inaccurate for predicting the demand for shipping services. Further, ship construction decisions use freight rate predictions. In this paper, we perform a 20-year technical analysis of the BDI/Baltic Dry Index (formerly BFI/Baltic Freight Index) This analysis is a better, richer evaluation of freight rate trends that influence ship construction. Furthermore, technical analysis requires specific in-depth knowledge of the psychology of the market and experience in this type of trend analysis.


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