
The last two weeks have been unavoidable opportunities to get familiar with economics -- and what a learning curve it has been:
- witnessing partisan politics in action,
with late night, backroom deals and public hand-wringing and arm-twisting,
- the so-called "urgent" $700 billion bailout,
- the historic stock market plummet after the rescue bailout was a done deal
- Add to that, the excitement and distress in international markets;
- commodity prices dropping the limit day after day
(of great concern in this county where agriculture is the main industry.)
prices on crude oil falling so fast local gas stations post new, lower prices daily.
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We have discussed the workings of USA capitalism, especially methods of raising capital, the stock exchange, commodities markets, and proper use of credit; of globalization and its effects on our daily life; and looked for opportunities to cut personal expenditures . . .