Quote of the day

“I find economics increasingly satisfactory, and I think I am rather good at it.”– John Maynard Keynes

Wednesday 15 October 2014

Extension reading material for A2 - are we at a tipping point?

Some of you may recall a suggestion that you subscribe to certain free newsletters; this one, received yesterday, is one of the most important ones I have received in months, if not years. It is looking at an evolving trend that may have a huge impact on policy for the foreseeable future, and it is looking at the outcome of 5 years of unprecedented intervention by policy makers. Please note that every link in this document will take you another serious piece of writing, some of which were discussed at length with clients in City dealing rooms, to give you an indication of the importance attached. Here is a short excerpt:





 "Did you feel the economic weather change this week? The shift was subtle, like fall tippytoeing in after a pleasant summer to surprise us, but I think we’ll look back and say this was the moment when that last grain of sand fell onto the sandpile, triggering many profound fingers of instability in a pile that has long been close to collapse. This is the grain of sand that sets off those long chains of volatility that have been gathering for the last five years, waiting to surprise us with the suddenness and violence of the avalanche they unleash."



http://learning.lingfieldnotredame.co.uk/login/index.php

Go to Extension Material and open the file "Sea Change" (if the vle does not open, access it as you would normally; this is in Unit 4)









 

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