Resources · Financial Theory & Economics · Financial Macroeconomics
Pourquoi la macro pour investir (mise en route)
Comprendre pourquoi l'économie pilote vos placements et de quoi est faite la macroéconomie financière.
Module 1 of the “Financial Macroeconomics” course. See the full course →
Module articles
- 1. What Is Financial Macroeconomics? When the Economy Meets the MarketsHow growth, inflation, rates and central banks move stocks, bonds and currencies — and why markets react to surprises, not to the numbers themselves.
- 2. Why an Investor Needs to Understand the Economy: The Starting IntuitionUnderstanding the economy is not about forecasting the next number: it is about knowing which world you invest in, seeing your risks and holding your nerve.
- 3. Microeconomics and Macroeconomics: The Difference, with Concrete ExamplesMicro and macro are not two sizes of the same object: what is true of one individual can be false of the whole. The fallacy of composition explained.
- 4. The Big Macro Variables That Move Your Investments: A PanoramaGrowth, inflation, rates, employment, the central bank, currencies and oil: the channel through which each macro variable moves the price of your assets.
- 5. The Essential Vocabulary of Financial Macroeconomics, Without the JargonBasis points, nominal and real, hawks and doves, an inverted curve, "priced in": the survival lexicon of financial macro, explained without jargon.
- 6. Where Do Macro Numbers Come From? Sources, Frequency and ReliabilityWho makes GDP, inflation and employment, out of what, and why these numbers are revised for years. Margins of error and the traps of reading them.
- 8. The Map of the Journey: From COVID to the Soft Landing (2020-2025)2020-2025: the COVID stop, the stimulus, 9% inflation, the fastest tightening since Volcker, the disinflation and the soft landing.
- 7. Module 1 in Practice: Building Your Macro Monitoring RoutineFifteen minutes a day, an hour at the weekend, one review a month: how to follow macro without drowning in it — and what to ignore.