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Do you think this effect has any more drastic consequences than the average celebrity endorsement of any product in any other industry?
by Benjammer 10y ago
Do you think this effect has any more drastic consequences than the average celebrity endorsement of any product in any other industry?
- BookmarkSaver 10y agoYes, because a bunch of people deciding that they need a GoPro that they'll never use or drop extra money on a fashion line that has some celebrity's name on it isn't a big deal. That is money that is gonna be spent anyway. Sending irrational ripples through the stock market affects things like interest rates, retirements, and employment in a somewhat widespread manner.