Greek Bond Crisis Exacerbated By Twitter, Google [STUDY]

A new academic paper concludes there is a relationship between social media conversations, Google search trends that exacerbated the Greek bond crisis, as first reported by Jason Douglas of The Wall Street Journal.

Tweets and Facebook posts had a hand in the Greek bond crisis

The paper draws a stunning conclusion: Tweets and Facebook posts impacted markets, driving up the cost of borrowing for the Greeks during their bond crisis.  The study considered German bond prices as the baseline of stability and then the spread, or price differential, between bonds in Greece, Ireland, Italy, Portugal and Spain...