Richard Kapsch of Chicago has vast experience in futures and options trading with significant international exposure. Also, Mr. Kapsch possesses experience in every phase of management in both large and small organizations.

1. Richard Kapsch opines about Economic Forecasts
Richard Kapsch of Chicago has vast experience in futures and options trading with significant
international exposure. Also, Mr. Kapsch possesses experience in every phase of management
in both large and small organizations. He was an eminent financial trader right from his early
days as a trader on the Chicago Mercantile Exchange’s (CME) trading floor. Richard Kapsch was
also a lecturer in Finance and Economics in the Lake Forest Graduate School of Management in
Chicago, Illinois from April 2004. He has been the pillar of support and guidance for the Pride
Group’s financial endeavors all over the globe.
Richard Kapsch is committed to spread awareness in the trading field among the retail traders
as they normally take the impacts of market fluctuations. In one of his lectures on Economic
cycles he explains the importance of analyzing the economic forecasts. The economic analysis is
the bedrock of any financial analysis required for investments, trading in securities, forex and
commodities trading. Economic analysis will help investors analyze the financial climate in the
markets, before taking positions in the market through buy or sell bids. Economic analysis plays
a vital role in providing investors the right perspective about the overall market conditions.
According Mr. Kapsch economic analysis is an ocean that consists of numerous factors and
trying to define all of them will make it as complex as possible. He provides a very simple way of
defining economic analysis in lay man terms. A famous quote from the ‘Wealth of Nations’
published in 1776 by Scottish economist Adam Smith, who is considered as the father of
modern Economics, can help us gain an eagle-eye view about economic analysis:
Adam Smith —“he intends only his own security; and by directing that industry in such a
manner as its produce may be of the greatest value, he intends only his own gain; and he is in
this, as in many other cases, led by an invisible hand to promote an end which was no part of
his intention. Nor is it always the worse for the society that it was no part of it. By pursuing his
own interest, he frequently promotes that of the society more effectually than when he really
intends to promote it. I have never known much good done by those who affected to trade for
the public good."
According to Mr. Richard Kapsch’s interpretation of this quote, in an economy, the actions of
most individual actors are aimed at increasing their productivity to promote their own self-
interest and gain. The aggregate impact of all these self-interested actions, from the numerous
individual actors, frequently results in betterment of the society and leads to overall economic
progress.
This gives us two broad categories of Economic analysis: Microeconomic Analysis- the study of
the actions of individual actors, firms, companies etc and Macro-Economic Analysis-study of the
aggregate impact from the actions of these individual actors on an economy.