E-Book Overview
I purchased this some time ago when I was a banker and have since lent it to several people. I have lent too many books to count, but this is the only book that has had the exact same reaction... Amazing! Some found it so useful they returned it quickly and picked one up themselves. The key to this book is its simplicity and organization. It makes for both an explanatory book of dozens of indicators AND as a quick reference. I eventually used it as a financial advisor, filling in my calendar with each release of info. I used this book a few mornings each week to anticipate what would happen in the market after the release date for each indicator. Eventually I began compiling two email lists (weekly and every day an indicator was released) to send out emails to prospective clients and clients that watched the market. I would summarize the indicators being released and then what to expect from the results that morning or past week. It was the most successful marketing method I have ever come up with. This book will not only make you seem like an expert, but allow you to understand and anticipate short-term market fluctuations. Don't take my word for it, look at all these reviews!
E-Book Content
“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. The daily flow of high-frequency economic indicators is the stuff that makes financial markets move and that can signal the big trends that make or break investor portfolios. Most important, Bernie’s long experience in reporting economics for Time Magazine helps make the “dismal science” lively and interesting.” —Allen Sinai, President and Chief Global Economist, Decision Economics, Inc. “This is the most up-to-date guide to economic indicators and their importance to financial markets in print. The coverage of less-reported indicators, especially those from non-government sources, is hard to find elsewhere. The inclusion of the actual published tables helps the newer student of the markets find the data in the public release. 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 “Economic statistics, employment data, Federal Reserve surveys. Think they are boring? Think again! They can drive markets into a frenzy, causing billions of dollars to be made or lost in an instant. Bernie Baumohl brilliantly, clearly, and, yes, entertainingly describes what every investor and business manager should know about economic indicators: which ones move markets, how to interpret them, and how to use them to spot and capitalize on future economic trends. The Secrets of Economic Indicators is an extraordinary and insightful work—an enormously important contribution to the body of financial literature. Read it and then keep it on your desk. Consult it the next time you are deluged with a flurry of economic statistics. Your understanding certainly will be enhanced and your portfolio will likely be as well.” —Robert Hormats, Vice-Chairman, Goldman Sachs (International) “Bernie Baumohl has accomplished something of real value in The Secrets of Economic Indicators. He has successfully de-mystified the world of financial and economic news that bombards us in our daily lives. Both professional investors and casual observers of the world of finance and economics will be grateful for what he has done. The constant stream of heretofore bewildering news from the world of business and finance can now be easily understood. Every businessperson or investor should keep a copy of Baumohl’s book close-at-hand as he or she catches up on the business, stock market, and economic events of the day. It is great, at long last, to have someon