On any given weekday, stocks and bonds gyrate in response to some economic announcement.Bernard Baumohl, a Time magazine economics writer with more than 20 years of experience, has written a guide to these indicators and their importance to the financial markets.
The book promises to become dog-eared quickly.In concise language it explains what Baumohl indicates are the most influential U. S. and International Economic Indicators.Beginning in Chapter 2, the author defines the phrases and concepts essential to an understanding of the indicators.
In Chapter 3 he jumps into the heart of the matter:U. S. economic indicators.Each indicator is evaluated using the following criteria:
*Why is it important?
*How is it computed?
*What does it day about the future?
*How might stocks, bonds and/or currencies react to its announcement?
In Chapter 4, he examines the 10 most influential foreign indicators using the same criteria.
In the final two chapters, Baumohl provides a list of web sites that compile economic data.What in the past costs thousands of dollars is available on the web at no cost.
If any facet of your life is effected by these indicators, you owe it to yourself to keep a copy of this book nearby.
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