Friday, January 2, 2009

The economic puzzle

Just like finance, economy is a domain populated by a plethora of so-called “experts” and by countless areas where tidbits of information can be found. I have yet to find a place offering a holistic an interactive view of how things really work. Even the self-proclaimed Economist magazine offers all but a fraction of the view needed to begin understanding the ins and outs of the subject. As a result, everything “economy” is broken into a myriad of small disjointed compartments that people study with incredible minutia, but the “beast” is so huge, that it makes impossible to assemble it for observation - as astronauts are able to seize the entirety of the earth from space - and make that image useful to us, mere mortals. There is no place where one can get a bird eye’s view of the world economy recomposed it from is disparate chunks into a big picture you and I can easily observe and comprehend. While we’re inundated with daily economic data, it’s much harder to see – as a whole – where the economy is headed and what causes it to do so; this is precisely where we seem to always be one day late and one dollar short as the current crisis has shown. We are all deluged with information that is not meant to be pieced together and can’t reconstitute a useful rendition. Does anyone knows of a concise, yet precise “dashboard” that would offer this form of compiled information?

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