The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities by Bernard Baumohl, Paperback | Barnes & Noble
The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities / Edition 2

The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities / Edition 2

4.3 10
by Bernard Baumohl
     
 

ISBN-10: 0132447290

ISBN-13: 9780132447294

Pub. Date: 08/07/2007

Publisher: Pearson Prentice Hall

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

Overview

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 Investments
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.

Product Details

ISBN-13:
9780132447294
Publisher:
Pearson Prentice Hall
Publication date:
08/07/2007
Series:
Wharton School Publishing Paperbacks Series
Pages:
432
Product dimensions:
7.00(w) x 9.25(h) x 0.90(d)

Table of Contents


About the Author     xiii
What's New in the Second Edition?     xv
Preface     xvii
Acknowledgments     xxiii
The Lock-Up     1
U.S. Economic Indicators     6
International Economic Indicators     14
A Beginner's Guide: Understanding the Lingo     17
Annual Rates     17
Business Cycle     18
Consensus Surveys     19
Moving Average     20
Nominal Dollars Versus Real Dollars (Also Known as Current Dollars Versus Constant Dollars)     20
Revisions and Benchmarks     21
Seasonal Adjustments     22
The Most Influential U.S. Economic Indicators     25
Employment
Employment Situation     25
Weekly Claims for Unemployment Insurance     40
Help-Wanted Advertising Index     44
Corporate Layoff Announcements     47
Mass Layoff Statistics (MLS)     50
ADP National Employment Report     55
Consumer Spending and Confidence
Personal Income and Spending     63
Retail Sales     74
E-Commerce Retail Sales     79
Weekly Chain-Store Sales     82
Consumer Credit Outstanding     87
Consumer Confidence Index (Conference Board)     92
Survey of Consumer Sentiment (University of Michigan)     97
ABC News/Washington Post Consumer Comfort Index     100
UBS/Gallup Index of Investor Optimism     104
National Output and Inventories
Gross Domestic Product (GDP)     107
Durable Goods Orders     124
Factory Orders     131
Business Inventories     138
Industrial Production and Capacity Utilization     145
Institute for Supply Management (ISM) Manufacturing Survey     156
Institute for Supply Management (ISM) Non-Manufacturing Business Survey     163
Chicago Purchasing Managers Index (Business Barometer)     166
Index of Leading Economic Indicators (LEI)     170
Housing and Construction
Housing Starts and Building Permits     178
Existing Home Sales     184
New Home Sales     191
Housing Market Index: National Association of Home Builders (NAHB)     196
Weekly Mortgage Applications Survey and the National Delinquency Survey     200
Construction Spending     205
The Federal Reserve
Regional Federal Reserve Bank Reports     208
Federal Reserve Bank of New York: Empire State Manufacturing Survey      209
Federal Reserve Bank of Philadelphia: Business Outlook Survey     215
Federal Reserve Bank of Kansas City: Manufacturing Survey of the 10th District     219
Federal Reserve Bank of Richmond: Manufacturing Activity for the Fifth District     223
Federal Reserve Bank of Chicago: National Activity Index (CFNAI)     226
The Federal Reserve Board's Beige Book     229
The Federal Open Market Committee (FOMC) Statement     233
Foreign Trade
International Trade in Goods and Services     240
Current Account Balance (Summary of International Transactions)     254
Treasury International Capital (TIC) System     262
Prices, Productivity, and Wages
Consumer Price Index (CPI)     271
Producer Price Index (PPI)     283
Employment Cost Index     290
Import and Export Prices     296
Productivity and Costs     303
Employer Costs for Employee Compensation     311
Real Earnings     315
Yield Curve     318
International Economic Indicators: Why Are They So Important?     325
German Industrial Production     328
German IFO Business Survey     330
German Consumer Price Index (CPI)     332
Japan's Tankan Survey     336
Japan Industrial Production     342
Eurozone: Manufacturing Purchasing Managers Index (PMI)     347
Global: Manufacturing Purchasing Managers Index     347
OECD Composite Leading Indicators (CLI)     354
China Industrial Production     357
India: GDP and Wholesale Price Index     362
Brazil Industrial Production     368
Best Web Sites for U.S. Economic Indicators     373
Schedule of Releases     373
Economic News     373
The U.S. Economy     373
Consumer Behavior     374
Employment Conditions     375
Home Sales and Construction Activity     376
International Trade     376
Inflation Pressures     377
Federal Reserve Reports     377
The Federal Budget     378
Interest Rates     378
Money and Credit     378
U.S. Dollar     379
One-Stop Shopping for Economic Statistics     379
Other Useful Economic Sources on the Web     379
Unconventional Economic Indicators     380
Best Web Sites for International Economic Indicators     381
Calendar of Releases for Foreign Economic Data     381
Sources of Global Economic News     381
Economic Statistics from Other Countries     381
Best Megasites for International Economic Statistics     386
Index     387

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The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities 4.3 out of 5 based on 0 ratings. 10 reviews.
Anonymous More than 1 year ago
A layman's explanation of economics. Very informative.
markb More than 1 year ago
Bernard Baumbohl's "Economic Indicators" was a welcome addition to my library. Beside's his capsule overviews of various Economic Indicators, he also furnishes brief explanations of how various market players rely, or discount their utility. His information on the origin of these indicators and links for further study were greatly appreciated.
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Guest More than 1 year ago
This is an easy to understand, well written book for anyone...the expert to the novice. It has great websites listed and provides examples of the theory. Also explains how the data was collected, how to interpret it, and use it.
Guest More than 1 year ago
Have never seen a book on financial/economic indicators that's so comprehensive and easy to read. Great graphics. Really well-written.
Guest More than 1 year ago
Finally, a book that makes sense. I had bought books on the economy and about Wall Street before but they were either poorly written or too theoretical. Many turned out to be a waste of time to read. This book however, is far superior and highly readable. I'm half way through it and have already learned more than all the previous books I read combined. This one is a keeper.