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 – then overlays…
Greek Bond Crisis Exacerbated By Twitter, Google [STUDY]
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
