Do you only sorta-kinda know about economics? Are you unsure about the difference between budget deficit and the national debt? You should read this entertaining lexicon
Professional hustlers … Dan Akroyd and Eddie Murphy in Trading Places.
On the night before Christmas Eve, our family has a ritual. We go to the panto and then for a curry. Finally, we sit down to watch Trading Places, arguably the greatest Christmas film ever and unarguably the best film ever about the way financial markets work. Anybody who wants to understand what is meant by taking a long position or a margin call could do a lot worse than spend a couple of hours watching what happens when a couple of unscrupulous commodities traders decide, for a bet, to replace their Harvard-educated chief executive (Dan Aykroyd) with a hustler from the ghetto (Eddie Murphy).
John Lanchester is a Trading Places fan. That's evident from his latest attempt to demystify the workings of the global economy and the financial markets. How to Speak Money is really a Bluffer's Guide, albeit a top-of-the-range job. Read this and you will know your Laffer curve from your Glass-Steagall Act. You will also discover that there is an Eddie Murphy rule, based on the proposed law changes in the US to prevent people using wrongly acquired information to rig the commodities market. It references the scam Murphy and Aykroyd pull in the denouement to Trading Places.
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John Lanchester is a Trading Places fan. That's evident from his latest attempt to demystify the workings of the global economy and the financial markets. How to Speak Money is really a Bluffer's Guide, albeit a top-of-the-range job. Read this and you will know your Laffer curve from your Glass-Steagall Act. You will also discover that there is an Eddie Murphy rule, based on the proposed law changes in the US to prevent people using wrongly acquired information to rig the commodities market. It references the scam Murphy and Aykroyd pull in the denouement to Trading Places.More
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