Frazzled Investors Turn to Psychics for Help

Investors flock to psychics for economic insight

By Wesley Oliver, Newser Staff

Posted Nov 22, 2008 2:51 PM CST

(Newser) – Maybe they failed to predict today's economy, but psychics are certainly profiting from it, the New York Times reports. Frustrated with traditional financial advice, many investors are booking appointments with soothsayers, who say their business is on the upswing. “Your mortgage agents, your realtors, your bankers, you can’t go to these people anymore,” said one psychic.

Clients pay anywhere from $75 to $1,000 an hour for a little ESP. Many converts are male businessmen who once considered psychic advice a female domain. “When conditions are this volatile, consulting a psychic can be as good a strategy as any other,” said one trader. But others want more than economic advice: “I get a lot of Republicans wondering where their party is going," one astrologer said.

[Images (3)]

[Quotes (2)]

Psychics say their business is robust, as do astrologers and people who channel spirits, read palms and otherwise predict the future. (Shutter Stock)

The steep prices charged by practitioners of divination do not seem to have deterred many of the financially fretful. (Shutter Stock)

In more ordinary economic cycles, psychics tend to offer guidance on romance and relationships. These days, they are besieged with questions about economic matters. (Shutter Stock)

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People will entertain the irrational when what they consider rational collapses.
- Psychic

People are sensing that the traditional avenues have not worked, that all of a sudden this so-called security that they’ve built up isn’t there anymore. They come to a psychic for a different perspective. - Psychic

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Frazzled Investors Turn to Psychics for Help