Economy books, macro-economic outlook for amateur investors?

[SunTrader]

Stats or calculus. How about traded or invested? Successfully, better than buy and hold.

 

[TimtheEnchanter]

You do not need to study much Just keep in mind one thing;
never fight the FED. Watch interest rates and the dollar. Rate spread (long/short rate), and be aware of macro announcements. Other than that, keep stops and learn price action instead. All macro econ. is already in the price action factored in.

 

[MKTrader]

I recommend picking up an old textbook by Greg Mankiw, The principles of macro/micro, and then just read the chapter summaries. He teaches economics at Harvard and his textbook is considered the standard for entry level economics.

I wouldn’t read Von Mises until after you have a better grasp of the fundamentals. Economics can be descriptive (how the world works) or prescriptive (how the world should work), and Von Mises is much more prescriptive.

Some good academic economists to read/follow:
- Dambisa Moyo
- Paul Krugman
- Olivier Blanchard
- Lawrence Summers
- Paul Romer
- Ken Rogoff
- Robert Shiller
- Richard Thaler

Krugman is trash (as an author and person) and has been wrong a lot more than he's been right.

 

[longandshort]

Stats or calculus. How about traded or invested? Successfully, better than buy and hold.

Can you prove it lol. And yes stats and calculus is needed to understand economics at a deeper level. Macro doesn’t need to be central to all trading strategies but it does matter to investing.

 

[zdreg]

You’re aging yourself haha.

Especially from the waist down. I knew you couldn't resist a response. I admit I am a master in creating verbal traps for others.

 

[longandshort]

Krugman is trash (as an author and person) and has been wrong a lot more than he's been right.

I doubt you’re qualified to know what’s trash or not in the economics world. I don’t care much for his opinion posts, but his economics stuff is top notch.

 

[longandshort]

Especially from the waist down. I knew you couldn't resist a response. I admit I am a master in creating verbal traps for others.

Touché

 

[zdreg]

I doubt you’re qualified to know what’s trash or not in the economics world. I don’t care much for his opinion posts, but his economics stuff is top notch.

Krugman is trash. George Stiglitz is trash. They both play to the choir. They do it well enough to reap great financial gains.

 

[SunTrader]

Can you prove it lol. And yes stats and calculus is needed to understand economics at a deeper level. Macro doesn’t need to be central to all trading strategies but it does matter to investing.

Can I prove what?

And the OP wants to understand the use of economics to understand investing. Not to give a dissertation.

 

[Money Trust]

The Secrets of Economic Indicators
For an amateur, that's about as straightforward as it gets without getting too technical.