Interest rates, inflation, employment data, and economic cycles.
This scope is designed to help you build a practical understanding of Macroeconomics. Lessons move from core definitions to real-world context and common failure points.
Reading in order is recommended, but each lesson stands on its own.
A clear, academically grounded overview of interest rates, how they are formed, and why they sit at the core of fundamental analysis and long-term asset valuation across bonds, equities, real estate, and currencies. Includes practical examples and real-world context without strategies or recommendations.
Macroeconomics studies the behavior of the economy as a whole. In fundamental analysis it links growth, inflation, policy, and global conditions to the cash flows and discount rates that determine intrinsic value. This article outlines the core concepts, explains how analysts translate macro conditions into valuation inputs, and provides a practica…
A structured explanation of inflation and purchasing power, how they are measured, and why they are central to evaluating intrinsic value in fundamental analysis across cash flows, discount rates, and long-term valuation assumptions. Includes practical examples and real-world context without recommendations.
Economic growth and GDP are central to macroeconomic fundamental analysis. This article defines GDP, explains how it is measured and interpreted, and shows how growth informs long-term valuation by shaping cash flow potential, pricing dynamics, and risk.
An in-depth explanation of central banks and monetary policy, their objectives and tools, and how they influence discount rates, cash flows, risk premiums, and intrinsic value across asset classes. Includes real-world context and practical analytical guidance.
A rigorous overview of business cycles, how they shape cash flows and discount rates, and why cycle-aware analysis is essential for assessing intrinsic value across assets and sectors. Includes measurement tools, transmission channels, policy influences, and real-world illustrations.
A rigorous explanation of recessions and recoveries in the macroeconomic cycle, and how these phases shape intrinsic value through cash flow dynamics, discount rates, credit conditions, and policy responses. Uses real-world episodes to illustrate how fundamental analysis incorporates cyclical stress and renewal.
Employment data provides a systematic view of how many people are working, who is looking for work, what they are paid, and how labor demand and labor supply interact. This article explains the key labor market indicators, how they feed into fundamental analysis, and why they matter for long-term valuation across assets.
A rigorous overview of fiscal policy, how it influences growth, inflation, and interest rates, and why it matters for assessing long-term intrinsic value across assets and sectors in fundamental analysis.
A clear, academically grounded explanation of yield curves, how they are constructed, what their shapes imply about discount rates and macro conditions, and how analysts use them in fundamental valuation across equities, credit, and real assets. Includes practical examples and market context without investment recommendations.
