DislikedIn what we do (trading currencies) i don't think we do need to understand economics...
I've studied economics for years and if you apply it to the trading activities, in my opinion it's totally useless. News figures are totally useless, etc..
So yes it's usefull if you want to understand how this dumb world works, but otherwise for the trading activities it's garbage.Ignored
Economic science have miss to adapt its theories at modern global economical events in the last twenty years.
Often you hear economical interperetation afterwards.
May be useful informations could be the global payment flow statements.