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Although being economics editor sounds impressive, it does not mean I actually edit anything. It mainly reflects two decades of title-inflation at the BBC, which has given ever more status to senior reporters, presumably because it is cheaper to do that than to offer higher pay. ↗
But it's not just the cattle producers, it's all the attendant industries like transport and shipping and feed producers and the like. There will be enormous ramifications across the beef industry generally as a result of the Government's decision to ban all exports to all of the abattoirs in Indonesia. ↗
Even though disciplined sleeping habits and the adrenalin of live radio ensures that we are very awake while on duty, there is evidence of a phenomenon called circadian desynchronosis which causes one's brain to function slowly at those times of day when it thinks it should be asleep, regardless how wide awake the body is. ↗
In principle, there are only three main components of spending that much matter to monetary policy: consumer spending, business investment and exports and trade. ↗
Interest rate cuts have an effect in stimulating an economy by directly or indirectly making someone, somewhere, spend more than they otherwise would. That extra spending increases demand and ensures that we all carry on with work to do, without us having to slash our prices or our wrists. ↗
