HOW TO USE THIS BOOK
You’ve no doubt read in a paper or heard on television or the radio forecasts of economic expansion or recession. You also probably realize that one is desirable and the other is not. But you may not know how the economists quoted came up with their predictions. Without this knowledge, how can you judge how well considered or rash they are—and whether to trust them in creating your investment strategy? This book seeks to help you form your own opinions about the possible direction of the economy and the markets and to decide how to act based on those opinions.
Each chapter corresponds to an indicator, beginning with the most comprehensive—the GDP and indexes of leading, lagging, and coincident indicators—and continuing with ...
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