Invest Like a Viking: Top 3 Economic Runes
Vikings Read Runes to Predict the Future. Today we have indicators.
Looking to get into personal finance and investing but not knowing where to start? One great way to learn about the stock market and the global economy is to read economic indicators. These are reports that show how different aspects of the economy are performing.
In this blog post, we’ll teach you how to read three of the most important economic indicators: GDP (gross domestic product), CPI (consumer price index), and the Yield Curve. Understanding these indicators will help you make informed investment decisions and better understand what’s happening in the world economy. So, let’s get started!
Runes were the ancient writing system of the Vikings, and they were also used for divination and magical purposes. Each rune represented a different sound, but they could also be interpreted as having deeper meanings. For example, the rune fehu represented cattle, but it could also symbolize wealth and abundance. Similarly, the rune dagaz represented the sun, but it could also represent clarity and new beginnings.
By reading the runes, Vikings were able to gain insights into the current state of affairs and make predictions about the future. This allowed them to raid when it was most profitable, make peace deals when needed, and establish settlements in enemy territory at the right time. In other words, runes were an essential tool for understanding the world around them and making strategic decisions.
Today, we can channel the ancient wisdom of the Vikings and complete our own reading of runes. The runes we use are known as economic “indicators in our modern world.” Governments, corporations use these indicators, and investors alike to determine the state of the economy. By understanding how to read these indicators, we can gain valuable insights into the economy’s health and make more informed decisions about our financial future.
Consumer Price Index (CPI)
The Consumer Price Index (CPI) is an indicator of inflation. It tracks the prices of a set of goods and services and measures the general price level rise of these items in an economy. Too much inflation can mean the economy is overheating, while very low inflation can be a harbinger of economic recession.
Depending upon the selected set of goods and services used, multiple types of inflation values are calculated and tracked as inflation indexes. The CPI is just one example of an inflation index. Tracking the prices of a set of common goods and services provides valuable insight into the overall health of an economy.
Gross Domestic Product (GDP)
Gross domestic product, or GDP, is the indicator we use to measure a country’s economy. It represents the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period.
In other words, it’s a broad measure of a country’s overall domestic production. While it’s not perfect, GDP is the best indicator we have of a country’s economic health. So whether you’re interested in how your own country is doing or you’re curious about how other countries measure up, GDP is a good place to start.
Yield Curve
The yield curve is a vital indicator for the average person. It tells you whether interest rates are rising or falling, and this information is crucial for making financial decisions. Low-interest rates make loans cheaper, allowing businesses to expand and families to buy cars, homes, and education.
However, when interest rates rise, you know that the economy will slow down soon. This is because it costs more to take out a loan, making everyone buy less. The Treasury yield curve is the most important indicator for the average person because it can give you a heads up about changes in the economy. If you keep an eye on the yield curve, you’ll be better equipped to make financial decisions that are right for you.
Conclusion
The Vikings used runes to predict the outcome of events. Today, we have our own runes to read — indicator runes that can help us predict the future. We have to learn to read them, or we will suffer the consequences. Just as the Vikings couldn’t know the future but could predict it if they learned to read the runes, we too can use indicator runes to give us a glimpse into what might happen.
The Yield Curve, for example, is an indicator rune that can tell us whether the economy is expanding or contracting. If it’s expanding, then we can expect things like higher GDP and CPI. But if it’s contracting, then we can expect a recession. Of course, there are other indicator runes, too — like the Federal Reserve’s monetary policy — but if we learn to read them, then we can gain a better understanding of what the future might hold.