Economics
and most people's knowledge of it is abysmal.
Yet it is important in every way
influencing what we buy and do each day.
Still most of us just stare and gape
when watching an electronic ticker tape.
Flash: the Bank of Japan just decided to act
---and it seems to have had a major impact---
by imposing a negative interest rate--
but what is it makes this so great?
Does it mean another nation
is deeply afraid to risk deflation
and seeks somehow to gain in economic power
by making its currency and cash go lower?
While over in China there is so much debt
the now "too strong" yuan creeps lower yet
and as the Red ink keeps expanding
it raises worries of a "hard landing".
Meanwhile emerging markets sink on the boil
do to an massive oversupply of oil.....
But what should we make of warring currency
and increasing world stock market volatility?
Please ask some Prof teaching Economics 103
---not me.
Would you like some tea?
HzL
1/29/16
Why Economics Is Really Called 'the Dismal Science' - The ...
www.theatlantic.com/...economics...called-the-dismal-science/2...
The
The story goes like this: Thomas Carlyle, a Scottish writer and philosopher, called economics "the dismal science" in reference toThomas Malthus, that lugubrious economist who claimed humanity was trapped in a world where population growth would always strain natural resources and bring widespread misery.Dec 17, 2013In the news
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