Using Economic Indicators to Improve Investment Analysis / Edition 3

Using Economic Indicators to Improve Investment Analysis / Edition 3

by Evelina M. Tainer
     
 

Economic indicators are the keys to unlocking invaluable information about market behavior. If interpreted accurately, they can lead to successful trading and speculating, profitable investing, and proper policymaking. Getting the most out of these important signs, however, requires a firm grasp of what they signify and what they really mean.

In the newly revised

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Overview

Economic indicators are the keys to unlocking invaluable information about market behavior. If interpreted accurately, they can lead to successful trading and speculating, profitable investing, and proper policymaking. Getting the most out of these important signs, however, requires a firm grasp of what they signify and what they really mean.

In the newly revised Third Edition of Using Economic Indicators to Improve Investment Analysis, expert Evelina Tainer updates you on the information necessary to understand and effectively use a wide range of essential economic measurements.

Covering all the relevant details of the major economic indicators regularly reported by public and private agencies—including the consumer price index, the employment situation, housing starts, and retail sales—this comprehensive resource provides full descriptions of indicators and the nuances associated with each of them; examines their impact on the direction of interest rates, exchange rates, and the stock market; and explains how and why the market reacts to the information gleaned from these indicators. Most importantly, this Third Edition offers practical guidelines for gearing your investment strategies to these ever-changing economic statistics.

Written in clear, nontechnical terms and clearly organized by sectors of the economy—such as consumer, investment, and inflation—this accessible guide:

  • Takes a close look at gross domestic product, with an overview of the macroeconomic framework, using the standard national income accounting methodology
  • Makes sense of foreign exchange market indicators as well as indicators that will help you understand the behavior of domestic bond and equity markets
  • Compares and contrasts all measures of inflation, and makes key distinctions between inflation in the market for goods, services, and labor
  • Uncovers hidden monthly and quarterly government spending indicators
  • Describes key indicators produced by the Federal Reserve—such as the monetary aggregates, the Beige Book, and the flow of funds—and provides a brief overview of how monetary policy is implemented

Cutting through the ambiguity that often surrounds coverage of economic indicators in the financial media, Using Economic Indicators to Improve Investment Analysis, Third Edition is essential reading for anyone looking to make sense of today's vital economic figures.

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Product Details

ISBN-13:
9780471740964
Publisher:
Wiley
Publication date:
03/10/2006
Series:
Wiley Finance Series, #315
Edition description:
Revised Edition
Pages:
338
Product dimensions:
6.28(w) x 9.35(h) x 1.21(d)

Table of Contents

Illustrations v

Preface ix Acknowledgments xiii

CHAPTER 1 Cycles, Markets, and Participants 1

CHAPTER 2 National Income and Product Accounts 23

CHAPTER 3 The Consumer Sector 53

CHAPTER 4 Investment Spending 87

CHAPTER 5 The Foreign Sector 115

CHAPTER 6 The Government Sector 129

CHAPTER 7 Inflation 135

CHAPTER 8 The Labor Market 175

CHAPTER 9 Other Measures of Production 201

CHAPTER 10 The Federal Reserve System 227

CHAPTER 11 The Treasury 261

CHAPTER 12 Making Strategic Investment Decisions 279

Appendix A Sources of Information 303

Appendix B Economic Indicator Releases by Statistical Agency 309

Notes 313

Bibliography 319

About the Author 329

Index 331

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