Comments on: Economics - an extension of Finance http://www.financialzen.com/2007/07/15/economics-an-extension-of-finance/ personal finance - a zen kind of journey Thu, 21 Aug 2008 19:58:45 +0000 http://wordpress.org/?v=2.6 By: zen http://www.financialzen.com/2007/07/15/economics-an-extension-of-finance/#comment-93 zen Mon, 16 Jul 2007 17:42:26 +0000 http://www.financialzen.com/2007/07/15/economics-an-extension-of-finance/#comment-93 Economics - Micro, Macro, Local, or World - plays an important part in everyone's lives. People just don't give credit where credit is due! It's almost the butterfly effect - when bad things happen to one countries economy, it can have an effect on us locally. It's surprising more people don't recognize this with the state of oil/gas prices (although that section of economics - oil - can get it's own novelization based on the amount of statistics and factors that are pulled into it). Economics - Micro, Macro, Local, or World - plays an important part in everyone’s lives. People just don’t give credit where credit is due!

It’s almost the butterfly effect - when bad things happen to one countries economy, it can have an effect on us locally. It’s surprising more people don’t recognize this with the state of oil/gas prices (although that section of economics - oil - can get it’s own novelization based on the amount of statistics and factors that are pulled into it).

]]> By: GoldnSilver http://www.financialzen.com/2007/07/15/economics-an-extension-of-finance/#comment-92 GoldnSilver Mon, 16 Jul 2007 15:42:03 +0000 http://www.financialzen.com/2007/07/15/economics-an-extension-of-finance/#comment-92 I agree. I think it is important to understand how economics work in the global sense, too. Different countries are more inter-connected than ever, we cannot afford to ignore other countries and economies. I am always amazed by the average American's nonchalant attitude toward other countries' culture and economics. I agree. I think it is important to understand how economics work in the global sense, too.
Different countries are more inter-connected than ever, we cannot afford to ignore other countries
and economies.

I am always amazed by the average American’s nonchalant attitude toward other countries’ culture and
economics.

]]> By: Armchair Fiduciary http://www.financialzen.com/2007/07/15/economics-an-extension-of-finance/#comment-90 Armchair Fiduciary Sun, 15 Jul 2007 17:52:12 +0000 http://www.financialzen.com/2007/07/15/economics-an-extension-of-finance/#comment-90 I totally agree that economics generally doesn't help you day to day with personal finance. In addition to understanding how a changing economy might help/hurt your financial situation though I do think having an economic framework helps you problem solve successfully in your personal finances. I have certainly found it to be helpful when evaluating new investment opportunities. If the economics behind them don't make sense they are probably a bad idea. I totally agree that economics generally doesn’t help you day to day with personal finance. In addition to understanding how a changing economy might help/hurt your financial situation though I do think having an economic framework helps you problem solve successfully in your personal finances. I have certainly found it to be helpful when evaluating new investment opportunities. If the economics behind them don’t make sense they are probably a bad idea.

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