by Bernard Baumohl (Author)
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
InvestmentsThis 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.
(c) Copyright Pearson Education. All rights reserved.
Format: Hardcover
Pages: 400
Edition: 1
Publisher: Wharton School Publishing Every day, stocks, bonds and currencies bounce around wildly in response toeconomic indicators like these. They're monitored obsessively by the world'sleading money managers. Why? Because they provide crucial, subtle clues aboutthe future of the market -- and of individual investments. Now you can profitfrom these indicators just like the professionals do. You don't need aneconomics degree, or a CPA -- just this easy-to-read book. In plain English,renowned economic journalist Bernard Baumohl helps you find the numbers,understand their deepest meanings, and use your knowledge to make fast,smart investment decisions. For each key indicator, Baumohl presents a samplerelease, insider's information on the indicator's track record, and step-by-stepinstructions for decoding it. Baumohl covers both US indicators and theforeign indicators that are becoming increasingly important to investors. Heanswers key questions like: Which indicators are most likely to affect mypersonal investments or business? How does each indicator affect interest ratesand bond prices? Stock prices? The value of the dollar? And what can thesereports tell me where the economy's really heading?
Published: 03 Sep 2004
ISBN 10: 013145501X
ISBN 13: 9780131455016
Book Overview:
From The Wall Street Journal, November 22, 2005:
Whether you're tracking pop culture, high fashion or health care, all things are connected, and economics is the tie that binds them all. For those who need to know more about economic trends and for those who haven't the skills or background in the field, Mr. Baumohl's book is the real deal. He miraculously breathes life into economic indicators and statistics.
From Library Journal:
Baumohl, a former economics reporter for Time magazine, has written a tremendously useful source on economic indicators. 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. 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
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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