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Oct 31, 2018

A lesson in handling financial panic, courtesy of Orson Welles

(Markets Edition) Americans are being paid a little more after a stagnant period, with wages and salaries showing a slight rise in the summer quarter. Here for more analysis is Susan Schmidt, head of U.S. equities at Aviva Investors. We then delve into the psychology of financial panic, using Orson Welles’ radio production of “War of the Worlds” as a jumping off point. What can a mock alien invasion about 80 years ago tell us about the workings of widespread panic during a financial crisis? Today’s show is sponsored by American Express (americanexpress.com/seebusinessdifferently), Michigan Economic Development Corporation (planetm.com) and PayPal (paypal.com). (10/31/2018)

Orson Welles (1915 - 1985), American actor, producer, writer and director. In 1938 his radio production of H G Wells's "The War of the Worlds" caused panic.
Orson Welles (1915 - 1985), American actor, producer, writer and director. In 1938 his radio production of H G Wells's "The War of the Worlds" caused panic.
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(Markets Edition) Americans are being paid a little more after a stagnant period, with wages and salaries showing a slight rise in the summer quarter. Here for more analysis is Susan Schmidt, head of U.S. equities at Aviva Investors. We then delve into the psychology of financial panic, using Orson Welles’ radio production of “War of the Worlds” as a jumping off point. What can a mock alien invasion about 80 years ago tell us about the workings of widespread panic during a financial crisis? Today’s show is sponsored by American Express (americanexpress.com/seebusinessdifferently), Michigan Economic Development Corporation (planetm.com) and PayPal (paypal.com). (10/31/2018)