I've loved economics since a teenager. This is a great time to see economic principles at work. Twenty years in finance taught me that the purpose of analysis is not to find answers, but to find better questions. When you get to the right question, the answer is obvious.
Evaluation of the dominant assumptions and an understanding of the dynamics of the economic engine is the basis of an approach to asset allocation that provides for both a rational determination of value and an understanding of sentiment in the form of price as a measure of the irrational nature of the operational environment, an approach that is intended at once to avoid unnecessary risk while at the same time enable gradual rebalance of assets as a means to increase net worth via optimization of appreciation and long term yields. Let's call that buy low and fly high just for fun.