Resources · Tag
Marchés financiers
Articles and publications related to the topic “Marchés financiers”.
- 25. Money Supply M1, M2: What These Aggregates Really MeasureM1, M2, M3: what each aggregate contains, why a savings account is money and a share is not, and why those borders move with the rules.
- 20. Growth Already Anticipated: Why It's Often Already in the PriceThe BRICs delivered their promised growth; the fund that sold the story lost about 21% over five years while its assets under management fell 88% from their peak. Why predictable growth is already in the price.
- 19. Your First Python Script: Load a FRED Series and Plot It in Ten LinesA workshop: load a FRED series and plot it in ten lines of Python, with nothing to install — including the trap that breaks every pre-2025 tutorial.
- 18. Data Workshop: Discovering FRED, the Federal Reserve's WarehouseA workshop: searching, reading, transforming and exporting an economic series on FRED, the St. Louis Fed's database — and its six classic traps.
- 17. Climate and Macroeconomics: Physical Risk, Transition and Potential GrowthPhysical, transition and liability risk: climate as a hard macro variable — and why estimates of its cost vary by a factor of ten.
- 16. Saving and Investment: The Two Engines Financing the EconomyS = I is an accounting identity, not a law. The saving glut of the rich, the fall of the natural rate, and why Europe invests in bricks.
- 14. Demography and Growth: How Population Shapes the EconomyGrowth = working-age population + productivity. Japan did not stagnate, it shrank — and the demographic dividend is never automatic.
- 13. AI, Automation and Productivity: A New Engine of Growth?US productivity really has accelerated since 2022. But attributing it to AI does not survive the data — on growth or on employment.
- 12. Productivity and Long-Run Growth: The Variable That Decides EverythingOutput per hour, multiplied by 5.2 since 1947: the two engines of productivity, its waves, its slowdown — and who reaps the gains.
- 11. Economic Growth and What It Is Worth to Your Long-Term ReturnsWhere equity returns actually come from, why growth dilutes, and why the fastest-growing countries have not enriched their shareholders.
- 10. Real GDP and Nominal GDP: Why Correct for InflationNominal GDP, real GDP, the deflator: how to separate volumes from prices — and why a number that rises can hide a recession, as it did in 1974.
- 9. Understanding GDP: The Measure of the Wealth a Country ProducesValue added, three approaches, C + I + G + (X − M), reading a quarterly release, cross-country comparisons and the blind spots of GDP.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.