Adjacent: Macro & Assets · Adjacent
Macro for Traders
How the economy moves markets: Dalio's machine of productivity and debt cycles, the growth-inflation quadrants, central bank reaction functions, the data calendar and surprises vs consensus, yields, the dollar, and risk-on/risk-off.
Step 1 of 6 · Overview30 min read ·
Key idea
Prereqs: Bond prices & yields; The Fed. Next: Commodities; FX markets. Sources: Ray Dalio, 'How the Economic Machine Works' (2013); Bridgewater All Weather notes; Fed FOMC statements.Next: 1. The machine