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For many the stock market is an impenetrable maze of confusing numbers, while lawmakers, the Federal Reserve, market analysts, and professional economists seem to talk in a foreign language. Just what is a "J-curve"? What are "monetary aggregates," and why are fixed income (bond) managers constantly stumbling over "yield curves"? Unlocking the Secrets of Wall Street cuts through insider jargon to offer a clear understanding of how economic trends develop both globally and right here at home.
With a quarter-century of experience as a top Wall Street economist, Parks explains the theory and practice of investing, speculation, and regulatory policy in plain English, using simple arithmetic. He gives clear examples for quick comprehension of seemingly complex financial instruments, from the government's impact on the economy to the important basics of finance, and from the ethics of business to investor psychology.
Posted May 15, 2003