The economy is a bit more complicated than these rules suggest.
However, you might be surprised to find most people, businesses, and policymakers don't pay enough attention to these three simple rules of economics.
Old Man Winter is always on the lookout for high-quality macroeconomic content for beginners.
A lot of what we do at Mr. Winter is surrounded around having a better understanding of the economy at a macro level to help drive better micro decisions.
When people first go down the macroeconomics rabbit hole, it can be overwhelming how much there is to learn.
In my mind, any piece of information that reduces the learning curve on how our economy works is a huge positive for small businesses and aspiring entrepreneurs navigating these murky waters.
This animated video by Ray Dalio, co-founder and co-chief investment officer of the world's largest hedge fund, is one of those beginner videos that does a wonderful job at explaining the basics of how the economic machine works.
Having a better understanding of the main forces that drive the economy and why credit is the most important part of the economy helps people and businesses create a good template for tracking economic movements and figuring out what the heck is happening today.
I don't know about you, but any template that works for (arguably) the greatest hedge fund manager of all time deserves a closer look in my humble opinion.
As always...stay aware, stay educated, and most importantly, stay cool.
Talk soon,
Old Man Winter
