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What an investment is, and the different kinds of investors who move markets.
Global Macro Cookbook
How interest rates, inflation, currencies and central banks move every market on earth. Learn it from zero, with real-data charts and hands-on simulations.
What’s inside
Section titled “What’s inside”Part I · How the economy works
Growth, inflation, the business cycle, money and credit.
Part II · Policy makers
Central banks, interest rates, government spending and debt.
Part III · The asset classes
Bonds, currencies, commodities and stocks through a macro lens.
Part IV · The global system
Trade, capital flows, emerging markets and famous crises.
Part V · Doing macro
Regimes, building a trade thesis, sizing and risk, case studies.
Who this is for
Section titled “Who this is for”Anyone curious about how the big picture moves markets. You don’t need a finance background: every term is explained the first time it appears, and there’s very little math.