My investment club has been meeting for five years but we're completely divided about what the Fed's recent moves mean for our portfolio allocation, and it's gotten personal in ways that surprise me. Half the group thinks we should be defensive, half thinks we should be opportunistic, and we can't seem to have a rational conversation about monetary policy without people getting emotional about being right or wrong.
More people experience this than they realize.
Group members must acknowledge that monetary policy discussions activate ego and control dynamics that have little to do with actual economic analysis.
“Where Are You with Central banks and monetary policy?”
If this sounds familiar, the Library can help you find the bigger picture.