With Wall Street off more than 4 per cent last night – and the ASX expected to follow suit today – I am reminded of this cartoon that an economics professor showed us at university to explain how markets REALLY work…
Jessica Irvine is econogirl. Follow me on twitter @Jess_Irvine. Image by Rocco Fazzari
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- Allegations of government interference with Treasury forecasts betray profound ignorance of the budget process businessspectator.com.au/article/2013/5… 14 hours ago
- NDIS is a visionary reform on par with Medicare. It is now fully funded. That is Labor's legacy. No wonder she was emotional #auspol 1 week ago
- PM in tears. Could this budget get any more depressing? news.com.au/money/federal-… #auspol 1 week ago
- Did anyone even notice the 8 years of tax cuts? All wage earners benefited #lateline 1 week ago
- NDIS & Gonski are fully funded for the next decade on Treasury's figures. Includes saving from private health insurance rebate #lateline 1 week ago
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Recent Posts
- Of razor gangs, budget cuts and the policy mix
- Gender pay gap: why do male CEOs with daughters pay women more?
- Like cholesterol, inequality cuts both ways
- The true cost of NIMBYism
- Should we worry about not “making stuff”?
- Euro zone a car crash: best keep your eyes on the road
- Trouble keeping up with Euro woes? Get used to it.
- Monopoly blues: why top bosses’ riches are undeserved
- Life is short, but the Tax Act is long
- Tony Abbott-o-nomics, or not…
There!
Perhaps you got yourself an unexpected reader:
Efficient Markets in Action
http://krugman.blogs.nytimes.com/2011/08/11/efficient-markets-in-action/