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
"This is the most up-to-date guide to economic indicators and their importance to financial markets in print. For anyone trying to follow the economic data, this should be next to your computer so that you can understand and find the data on the Internet."
David Wyss, Chief Economist, Standard and Poor's
"I find Baumohl's writing fascinating. Just about anyone who's serious about understanding which way the economy is headed will want to read this book. It could be a classic."
Harry Domash, Columnist for MSN Money and Publisher, Winning Investing Newsletter
"Every business person or investor should keep a copy of Baumohl's book close-at-hand. It is great, at long last, to have someone who has eliminated what may have been so perplexing to so many and to have done so with such remarkable clarity."
Hugh Johnson, Chief Investment Officer, First Albany
"Bernie Baumohl has written a "must read" educational and reference book that every individual investor will find indispensable for watching, monitoring, and interpreting the markets."
Allen Sinai, President and Chief Global Economist, Decision Economics, Inc.
"Baumohl has a gift for taking a complicated subject and allowing it to read like a fast-moving novel. I recommend this book if you care about your future finances."
Morris E. Lasky, CEO, Lodging Unlimited, Inc.—manager and consultant for $6 billion in hotel assets; Chairman, Lodging Conference; Chairman, International Hotel Conference
"I think this is an excellent book. It's well written, accessible to a variety of readers, deals with an interesting and important subject, and covers the topic well. It deserves to get a lot of notice and use."
D. Quinn Mills, Alfred J. Weatherhead Jr.,
Professor of Business Administration, Harvard Business School
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.
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