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Truthfully, if studying economics was a way to predict market movements in the future, the field would be much, much more popular, and lucrative. The last 3 yea
by mym1990 5y ago
Truthfully, if studying economics was a way to predict market movements in the future, the field would be much, much more popular, and lucrative. The last 3 years has shown that everyone feels smart when everything is going up in a bull market(minus the last 6 months). If you can make money in a downturn, then you might be onto something.
Macroeconomics can still help you tremendously, but it is only a small piece of the puzzle. For long term success, I would recommend that you pick an industry and study that industry to its core. Become an expert in energy markets, or financial markets, or travel/transportation...etc.
Economic policy and climate will affect different companies in different ways, and its an enormous task to understand how economic variables affect all industries.
You have to think, even the Fed doesn't know what their policies will bring. They deal in possibilities and probabilities, and move very slow to not break everything.