A quick lesson in elementary economic theory, as it relates to the recent market instability: Gittins succinctly clears up what the central banks have been doing recently, which sounded an awful lot like they were throwing good money after bad.
pushing the sky
bylines you can ignore, since 1998
Wow, I actually learned something. That’s impressive, given that economics generally goes straight over my head.
Yeah, Gittins knows how to express it pretty well. I knew about half of that already, from the financial training I had to do for work last year, but I still couldn’t connect the dots.