The Secrets of
Economic Indicators: Hidden Clues to Future Economic
Trends and Investment Opportunities
Every day, stocks, bonds, and currencies bounce wildly in response to
new economic indicators. Money managers obsess over those statistics,
because they provide crucial clues about the future of the economy and
the financial markets.
Now you can use these indicators to make smarter investment decisions,
just like the professionals do. You don't need an economics degree, or a
CPA... just this easy-to-use book.
Former TIME Magazine senior economics reporter Bernard Baumohl has done
the impossible: he's made economic indicators fascinating. Using
real-world examples and stories, Baumohl illuminates every U.S. and
foreign indicator that matters. Where to find them.What they look like.
What the insiders know about their track records. And exactly how to
interpret them.
Whether you're an investor, broker, portfolio manager, researcher,
journalist, or student, you'll find this book indispensable. Nobody can
predict the future with certainty. But The Secrets of Economic
Indicators will get you as close as humanly possible.
What the numbers really mean...
...to stocks, bonds, rates, currencies, and you
Ahead of the curve: spotting turning points
Calling recessions and recoveries in time to profit from them
Leading indicators: where's the economy really heading
Decoding initial unemployment claims, housing starts, the yield curve,
and other predictors
Beyond the borders
Why foreign indicators are increasingly important-and how to use them
Making sense of indicators in conflict
What to do when the numbers disagree
Finding the data
Free web resources for the latest economic data Investments
The fascinating, plain-English guide to economic indicators: what they
mean, and how to use them.
Unemployment. Inflation. Consumer confidence. Retail sales... Every
morning brings new economic statistics.
* Which economic indicators really matter?
* What do they mean for stocks, bonds, interest rates, currencies...your
portfolio?
* How can you use them to make faster, smarter investment decisions?
* Simple, clear, non-technical, friendly, usable...the only book of its
kind!
* By former renowned TIME Magazine economics journalist Bernard Baumohl.
Whether you're an investor, broker,
portfolio manager, researcher, journalist, or student, you'll find
The Secret Of Economic Indicator
very useful.
Library Journal
Baumohl, a former economics reporter for Time magazine, has written a
tremendously useful source on economic indicators. Using examples from
real life, he starts out by explaining in detail the importance of these
indicators to the investing community and defining the terms used when
discussing measures of economic performance. The most valuable section
of the book provides detailed descriptions of over 40 economic
indicators, among them employment, consumer spending, national output
and inventories, housing and construction, foreign trade, and
productivity and wages. Baumohl considers a variety of factors when
describing each indicator, such as what exactly it measures, how it is
computed, where to find the relevant report on the web, the day and time
this report is released, the source of the information, and how often
the information is revised. He also discusses the market impact of these
indicators on bonds, stocks, and currency. The book ends with profiles
of international indicators and a listing of where to locate them on the
web. Bottom Line Although this book is marketed as a tool for investors
and is not organized like a typical reference book, it belongs in the
reference collection because it explains so clearly what the various
economic indicators are and how to locate data about them. Recommended
for all libraries.-Stacey Marien, American Univ. Lib., Washington, DC
Copyright 2004 Reed Business Information.
More Reviews and Recommendations
Biography
Bernard Baumohl has been Time Magazine's senior economics reporter for
nearly two decades. He is an award-winning journalist who has covered
the domestic and international economy from TIMEis New York and
Washington bureaus. As an economist for European American Bank, he
monitored global political and economic risks and forecasted interest
rates, inflation, and currency changes. He has also served as an analyst
at the Council on Foreign Relations. A frequent guest on TV and radio,
he has lectured on economics and journalism at NYU and Duke. He earned
the prestigious John Hancock Award for Excellence in Financial
Journalism, and holds a Masters in International Economics from Columbia
University.
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