The important thing in any asset allocation is not to look in the rear-view mirror to the evolution of macroeconomic indicators but to forecast the trends in the future. Earning points in the markets is taking positions before the others, after having engaged in prospective studies, in other words having explored the field of the future.
The publications of the central banks and supranational bodies are full of valuable information that may help in forming an opinion on the development of the global economy and making choices for asset allocation. However, there are few devotees of deciphering speeches of the central bankers and the multiple analyses published daily on the local or global economic situation. Monetary policy decisions of the major central banks rely on a battery of economic indicators and forecasts for inflation. Monetary policy is reflected in the strength of the growth in the economy and the business sectors.
At a global level, the large central banks lead the game. Their leaders meet, talk and compare their views. The central banks rarely act without having colluded. Often the decision of a central bank to raise or lower interest rates will establish a trend for months to come that will be followed by the whole world or large regions of the world. Today, we can no longer engage in the difficult task of forecasting the economy without being affected by the estimates of the central banks.
It is in this context that Convictions AM offers you access to the websites of the major central banks. A careful reading of these various sources of information proves valuable to better understand the economic policies of tomorrow.
- Central Banks
- Other global financial institutions
