A Layman's Guide To The U.S. Economy: Demystifying Economic Indicators (Part 1 - Fundamentals)

Mikesh Shah, Director - AltGmX Technology Pvt Ltd

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8 Videos (40m)
    • 1. Course Introduction - Tradeonomics

    • 2. Bond Cash Flows

    • 3. Impact of Interest Rates on Bond Prices

    • 4. Impact of macroeconomic factors on bond prices

    • 5. Impact of Corporate Profits on Stock Prices

    • 6. Inflation Premium and Cash Flows

    • 7. Economic Factors and Stock Prices

    • 8. Foreign Exchange Instruments


About This Class

Increase your financial intelligence by understanding markets 
Did you ever read Robert Kiyosaki's book 'Rich Dad Poor Dad'? One of the important messages in Robert Kiyosaki's book is that we can increase our financial wealth by increasing our  financial intelligence. He mentions that financial intelligence is made up of four technical skills - accounting, investing, understanding markets and understanding the law. The goal of this course is to learn one of those essential technical skills - understanding markets. The keys to understanding markets are to understand economic indicators such as growth, inflation, and interest rates; the impact of these indicators on financial markets; and the central bank's reaction to these indicators. The complete covers the major economic indicators published by the BEA, BLS, US Census Bureau and other agencies. 

We find bits and pieces of information on macroeconomic indicators all over the internet but to make the connections between these economic entities, macro-economic indicators, financial markets, and central bank policies we need a deeper insight into how they work. In any country, macroeconomic indicators are statistics released by government agencies and the private sector that provide us with information on the state of the country's economy.

Part 1 Fundamentals - The impact of broad macroeconomic indicators on financial markets

In this first part of the course we study the impact of broad economic indicators such as growth, inflation and interest rates on stock, bond and foreign exchange prices.By the end of the course we will have a working knowledge of 

  • the relationship between bond prices and interest rates
  • the relationship between stock prices and corporate profits
  • What items in the income statement are impacted by macroeconomic indicators
  • How interest rate differentials impact FX carry trades
  • and more...

Coming up in the more advanced class...

  • The Gross Domestic Product - how it is measured, its components, U.S. economic indicators that give us clues on the GDP
  • The Quarterly GDP Report
  • Car Sales Report
  • Retail Sales Report
  • Personal Income and Outlays Report
  • Housing Starts
  • Durable Goods
  • Factory Orders and Manufacturing Inventories
  • Construction Spending
  • Trade Balance Report
  • Purchasing Manager's Index
  • Employment
  • Industrial Production
  • Leading Economic Indicators
  • The Beige Book
  • Consumer Confidence Index
  • Consumer Credit Report
  • GDP Deflators
  • Consumer Price Index
  • Producer Price Index


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Mikesh Shah

Director - AltGmX Technology Pvt Ltd

Studied Bachelor of Computer Engineering and a MBA from Queen's University Canada. Worked 8 years in the investment banking division trading primarily in the foreign exchange and bond markets. Spent 11 years in Oracle Financial Services Software Ltd as an IT and banking consultant. During the consulting tenure I worked in various projects - implemented the Sarbanes-Oxley Act - internal controls at the IMF in Washington, built trading systems at an investment bank in London for the algorithmi...

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