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Explain Economics to us Plebes, Please

Enviado 29 de abril de 2004 - 20:32 por Al Giordano
Hi Chris,

I'm excited to have an economics genius like you blogging here but I'm also scratching my head trying to figure out what this information means, practically, to daily life and the future in our América...

Like, um, can we start with a glossary of terms?

  • "short term interest rates"
  • "overheating"
  • "dollar weakness"
  • $/NP rate (dollar to Mexican New Peso?)
  • "greenback rebounds"
  • JPM EMBI+
  • bps
  • CRB index
  • "reduce duration and beta"
  • "lowly correlated with core markets"
I think I "get" the basic idea: Some shit outside of Latin America's control may cause prices to drop very fast on the goods they export, and this may cause more poverty, misery, and instability. This shit was never decided democratically, nobody got to vote on it, but it could hurt people's daily lives more than the decisions made in an election or by a Congress. Then, once Latin America's economies, especially Brazil's, are screwed again, and they have to let more rich motherfuckers invest on the ground floor in the stuff Latin America has available for sale, the prices on those goods will at some point soar high again, perhaps higher than they are today.

How am I doin' so far?

Now, I know this kind of soothsaying is sometimes like a weather report: Weathermen say rain, you cancel your beach trip, only to find it was a fine and sunny day. Only, in this case, the sun and rain are watching the weather report, too, and gambling on their own behavior for tomorrow.

Final question: How does this kind of economic trend effect, if at all, the price and availability of cocaine and other prohibited drugs?

Responder

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