Episode 166: Turn Down the Noise: Economics for the Rest of Us
You don't need to be an economist to benefit from understanding economics. In this episode of The Grass is Greener, Tim is joined by AMP Chief Economist Shane Oliver for a refreshingly simple conversation about why economics matters in our everyday lives.
They discuss how inflation, interest rates, productivity and investment markets affect ordinary Australians — and why understanding the basics can help us make sense of what's happening around us without reacting to every headline.
Shane also shares his thoughts on finding credible information, being wary of sensational headlines, understanding the motivation behind what we're reading, and the importance of putting short-term events into a much longer-term context.
In this episode:
- Why economics affects all of us
- How much economics we actually need to understand
- Finding reliable economic information
- Why headlines can create unnecessary noise
- The importance of understanding context and history
- Why markets don't always react the way we expect
- The danger of reacting to short-term events
- How understanding economics can help us make more informed financial decisions
Perhaps the biggest takeaway: turn down the noise and put things in context.
Connect with Shane:
https://www.linkedin.com/in/shane-oliver-3209542/
Relevant links:AMP Economic Insights https://www.amp.com.au/resources/insights-hub
Econosights Instgram https://www.instagram.com/econosights/?hl=en