Why are falling petrol prices bad for your finances?
How can a cyclone in the Pacific hit your hip pocket?
What do racehorses and family pets have in common?
How does a downturn in Europe cause currency fluctuations in Australia?
"One of the most articulate economists in Australia" ALAN KOHLER
Myth–Busting Economics cuts through the complexity, reveals the curious and exposes the hype to explain just what the economy means to you, both as an individual and in business. Leading economist Stephen Koukoulas eveals just how influential the trends in the Australian economy are on your life, your work and your future.
This straight–talking guide will show:
- how economic trends actually affect you
- what small lifestyle choices can make a big impact on your finances
- how the stability of overseas markets can influence the Australian currency
- which economic uncertainties create either opportunities or pitfalls.
Discover crucial insights on how to mine the economic opportunities and sidestep the risks, enabling you to make informed decisions for yourself and your business.
About the author vii
1 Masterchef vs master economist 1
2 Your economy 15
3 Your home and mortgage 39
4 Your business 69
5 Your superannuation 85
6 Your government 99
7 Your Reserve Bank 115
8 Your family 125
9 Your tough decisions 135
10 Your fun 139
11 Your negative gearing 147
12 Your world 153
Afterword: Beware of advice and be flexible 169