Economics is Fun, Part 2: Price

[Mister D]

To my friends who said that economics is boring- yes some of it is (look at what Krugman won the Nobel for); but a lot of it is everyday life.

No doubt. Believe me, I recognize it's importance. It's often mind numbing for me. I also find it difficult to understand at times perhaps because I'm not giving the necessary effort. I'll never forget reading Hew Strachan's To Arms:1914. It's a 1000 pages and he had a chapter devoted primarily to the economics of war and how they applied out the outbreak of the First World War. I struggled through it though because I knew it was important.

[Peter1469]

Yeah.....seems thats all they are concerned about it whether it is in an orderly manner. But really how far out can they go selling debt over 30 yrs. Then they act like the ECB and IMF will be their life line. Which didnt count on a few of those African nations running to the IMF for the bailout as well.

Egypt is one in particular and so to the Ivory Coast. Course there will be Libya and Tunisia to come. Oh well I am sure Soros was helping with that game plan in Davos last week.

The life lines / bailouts only add to the debt problem. Not an answer- kicking the can down the road.