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Credit crunch: expert opinion

Published: August 17 2007 22:32 | Last updated: August 17 2007 22:32

Carl Tannenbaum: US action can defy herd instinct

Psychologists once illustrated the herd instinct by having a subject stand on a street corner and point at the sky. Within a half an hour, there was a crowd of people clustered about. All swore they saw something significant in the heavens, even though there was nothing there.

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