chapter  5
32 Pages

VIEW FROM THE BRIDGE

Down in the marketplace it is often quite difficult to see from where demand and

supply is coming. One function of market economists is to periodically step up on

to the bridge and take a wider look. The information they return with can be crucial

to market-participants’ appraisal of current prices. Other times, the information

can be superfluous. Skilled economists, in contrast to the statisticians collecting the

raw data, should have an insight into the market significance of what they are

bringing back.