There was a huge hike in gas prices last night.
Isn’t it strange that, despite government and private assurances that our financial system is run in a cold, calculated, rational way, the reality is that our economies are at the mercy of knee-jerk emotional reactions? Last night’s surge in oil prices was based on fear, speculation, and panic about the political uprising in Libya – not an actual problem attaining oil in the present reality.
Investors at the bottom are often advised to not let emotional reactions get in the way of rational investing, regardless of wild market fluctuations. At the same time, it seems perfectly acceptable that the people who control that money act impulsively on hunches and bad feelings. This is just how economics works, we are told.
We are also led to believe that women are “too emotional.” Even today, it remains an argument that limits our access to politics and leadership roles. Our emotions inevitably “get the best of us.”
Perhaps more women should lead the world’s economies. We are apparently perfect for the job.