Maybe this is the crisis when I finally understand finance. I study it for 2 hours every crisis but most don’t last very long so I never learn much.
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What, specifically, do you want explained?
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Saying "I don't understand finance" is like saying "I don't understand math". It's a big topic. You understand some things but not others. So let's talk about the others.
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This is a really good course. And his book might be interesting, although I haven't read it yethttps://www.youtube.com/watch?v=KNEouYM5wRE …
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There are pdfs of his book floating aroundhttps://www.academia.edu/7952295/THE_NEW_LOMBARD_STREET_How_the_Fed_Became_the_Dealer_of_Last_Resort …
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You probably do understand it. But because it's full of complex lingo it seems daunting. Finance isn't that complex in essence, it's how resources are allocated through time and under uncertainty. People will sacrifice more for a near and certain reward than one distant, dubious.
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