To Help Put Recent Economic & Market Moves in Perspective

December 27, 2018

So, I believe that economies and markets work like machines with basic cause-effect relationships (including human nature) interacting to cause their movements.  Since economies are the aggregates of the markets that make them up, to understand how economies work one has to understand how markets work.  My mental model of how markets and economies work is described in brief below and is conveyed more simply in my 30-minute animated video “How the Economic Machine Works” (located here).  In order to help you understand what’s happening now, and more importantly to give you the template I use so that you can use it to figure out what’s happening without me, I’d like you to see it within the context of how the market and economic machines work because if you understand that, you can understand these things on your own.

 

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