Friday, April 08, 2005

Irrational (Non)exuberance

"Irrational (Non)exuberance" - Irrationale (Un)Ueberschwenglichkeit.

"...Germans don't think the present is a particularly good time to be doing business in their homeland... While the Americans were in the grips of irrational exuberance, the Germans were seized by irrational nonexuberance... It could be that there's something cultural at work here. The 20th century was punctuated at its beginning and middle by disasters resulting in part from an excess of German enthusiasm. Could German businesspeople suffer from some lingering sense of shame or self-consciousness over the fact that the world starts to get upset whenever Germans get too enthusiastic about anything?"
More: Gloomy Gustavs

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