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Global Macro Cookbook

Part I · How the economy works

Before you can trade the economy you need a mental model of it. Part I builds that model:

  1. What is global macro? The investing style, and the famous trades that made it.
  2. Economic indicators. How to read GDP, inflation and unemployment.
  3. The business cycle. The repeating rhythm of expansion, peak, contraction and trough.
  4. Money, banks & credit. Where money comes from, and why credit booms end in busts.
  5. Five big economies. How the US, China, the EU, Japan and India each work.

Start with Chapter 1.