The Parable of the Ox: podcast explains the disastrous separation of financial markets from the real economy

Discuss

7 Responses to “The Parable of the Ox: podcast explains the disastrous separation of financial markets from the real economy”

  1. Boundegar says:

    After the ox dies, its weight shows a marked downward trend, and short sellers should win the day.

  2. MrJM says:

    It’s up to us: We must kill the ox.

  3. When the ox dies then sellers will be in bad fate.

  4. John Kay’s articles usually appear on his own site as well as behind the FT paywall – the parable of the ox is at http://www.johnkay.com/2012/07/25/the-parable-of-the-ox

  5. johnrynne says:

    There is also the classic “How Enron works” based on Afghan Mule Futures.  http://old.nationalreview.com/comment/comment-briggsprint012202.html

  6. Deidzoeb says:

    Cool. I think I get most of it. Is there an objective measure of real companies or economies that would be analogous to the scale talked about in the parable? Public disclosure of each company’s accounting records?

  7. Chris Waigl says:

    OMG it’s not an ox, it’s a musk ox (Ovibos moschatus), of the caprid sub-family. 

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