Black Friday Is Not Another Bad Hair

Interest Rate Cuts Have An Effect In Stimulating An Economy By Directly Or Indirectly Making Someone, Somewhere, Spend More Than They Otherwise Would. That Extra Spending Increases Demand And Ensures That We All Carry On With Work To Do, Without Us Having To Slash Our Prices Or Our Wrists.

My Instinct Is To Assume That We Consumers Are An Inconsistent Bunch. We Like Competition If It Delivers Low Prices, But Grumble If It Delivers The Bad News That Prices Need To Go Up.

I Actually Profoundly Think The World's A Better Place When Economics Is Fairly Boring... The More Boring The Better.

There Is A Strong Link Between The Following Three Things: Exporting, Manufacturing And The Degree Of Saving By The Population. It's Complicated, But If The Population Doesn't Save, The Economy Will Not Tend To Export As Much, And If It Doesn't Export As Much, It Won't Manufacture Enough.

It Is No Wonder That Bank Capital Is Regulated. When Borrowing And Lending Is Profitable, It Is Tempting For Banks To Scale Up Their Operations And To Borrow And Lend Too Much In Relation To Their Capital, In Effect Reducing The Effectiveness Of The Potential Capital Cushion.