About
The Wandering Economist scours the globe to bring you the most important economic news and tidbits possible. He doesn’t assume you already know everything and he doesn’t assume that he does either. Economics can be a very deep and dark topic, full of funky terms and a whole load of baloney. When you’re at your next dinner party and the economic terms of the day start flying around fast and furious, remember one thing. 80% of all statistics are made up on the spot ;-).
Next time you’re having one of those deep conversations and someone blames the current slide in the overall market on derivatives traders, ask them what derivatives are, how they work and if the situation really is the derivative traders fault. The blank stare alone will be worth it. Then come on back and we’ll help you figure out if the current problem was caused by derivatives traders, what derivatives are, and how they work.
