How to Make Money with Global Macro


Non-Fiction - Business/Finance
307 Pages
Reviewed on 11/13/2016
Buy on Amazon

This author participates in the Readers' Favorite Book Review Exchange Program, which is open to all authors and is completely free. Simply put, you agree to provide an honest review an author's book in exchange for the author doing the same for you. What sites your reviews are posted on (B&N, Amazon, etc.) and whether you send digital (eBook, PDF, Word, etc.) or hard copies of your books to each other for review is up to you. To begin, click the purple email icon to send this author a private email, and be sure to describe your book or include a link to your Readers' Favorite review page or Amazon page.

This author participates in the Readers' Favorite Book Donation Program, which was created to help nonprofit and charitable organizations (schools, libraries, convalescent homes, soldier donation programs, etc.) by providing them with free books and to help authors garner more exposure for their work. This author is willing to donate free copies of their book in exchange for reviews (if circumstances allow) and the knowledge that their book is being read and enjoyed. To begin, click the purple email icon to send this author a private email. Be sure to tell the author who you are, what organization you are with, how many books you need, how they will be used, and the number of reviews, if any, you would be able to provide.

    Book Review

Reviewed by Marta Tandori for Readers' Favorite

Dr. Javier Gonzalez, the author of How to Make Money with Global Macro, states that global macro is a higher dimensional puzzle that is difficult to explain in a linear manner, and also states that this book is a work of financial macro literature intended to provide a framework to interpret global macro events and trends by studying the past. It would seem that Dr. Gonzalez has provided just that.

Wikipedia defines “global macro” as an investment strategy based on the interpretation and prediction of large-scale events related to national economies, history and international relations. What most of us do not know is that global macro trends shape the lives of random billions around the world – business men and women in Malaysia, programmers in Silicon Valley, financial analysts in London, England, and coffee growers in Brazil; all are shaken by seemingly unpredictable forces, forces known in the world of global macro as Black Swans. The author describes the various structural changes that affect global macro such as technological change, secular change, climate change, political change, changing perceptions as well as fundamentals and prices, and admits that investors like to profit from trends. The author discusses some important events in recent history such as the 1987 crash, the Viet Nam war, the oil supply glut, Brady Bonds, the end of the Cold War, the end of the Japanese bubble, and the Gulf War and their impact on global macro. Finally, he discusses where to invest and what to avoid.

It’s very difficult when writing this type of book to decide the extent of the information and the depth of detail to be included. It would seem that Gonzalez has managed to find a balance between the two in How to Make Money with Global Macro. Some may argue that he’s merely scratched the surface in trying to articulate all factors that affect global macro. However, the author succeeds in giving his readers the necessary introduction and insight into the foundations of global macro in a straightforward and engaging manner, peppering his insights with quotations from arguably some of the most prolific economists and investment strategists of this century; Warren Buffett, Alan Greenspan and George Soros. All in all, a succinct and intelligent offering that is sure to appeal to future investors and current investors alike.