Posts

Showing posts with the label the economy

Where Did All The Money Go?

Image
Blame it on the media - an overexposure to the economic crisis that is currently plaguing the whole world apparently has it's effects, including inducing curiosity in people like myself, who as I have mentioned in a previous post lacks proper knowledge in this field due to the narrow scope secondary school education had provided. In a move to understand things better, I had gone on a search for a book that went by the title Freakonomics - firstly because the long lost friend who had recommended the book said it was pretty good and had in fact made him interested in Economics, so much so that he had actually contemplated doing his post grad in Economics. This was back in December 2006 and we had lost contact since. Secondly, this coming from someone who is a self-professed non-reader was quite interesting in itself, especially after hearing his sad encounter with books (apparently he was handed old copies of girlish boarding school stories by his older female cousins - this I ...

Economically Unsound

Image
Markets everywhere are tumbling just like sandcastles crumbling after a rogue wave. And yet, the finance portfolio holder says everything is just fine and dandy, and we shall all be happy and continue with what we've doing all this while. Oh, what a pretty picture! Admittedly, my knowledge on economics is almost non-existent thanks to the education system I grew up in. If you're a science stream person, you stick with chemistry, physics, Biology and Additional Mathematics, and put your nose far away from the Social Sciences, arts and economics classes. No school (except maybe private schools, but I'm not sure) gave the option for you to take up a selection of subjects that you dig. I guess, inadvertently, it may have been some evil ploy to keep us only knowledgeable in certain areas so that we don't end up being too smart and start asking dangerous questions... hehehe. And due to that, most of the stuff I 'learned' about the economy is from a fellow blogger Z...