Editorial Review:
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
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Customer Reviews
Average Customer Rating: 
Great guide to economic indicators  2008-06-05
This is an esaly introduction to economic indicators, mainly the american ones. It contains some interesting tips about indicators, like "thumb rules" in some cases. It briefly introduces each of the most important indicators to the US economy (as well to other major economies) and it's effects on the markets. Those interested in detailed information of some indicator will need to go deeper looking for it's original sources.
Excellent book  2008-06-01
Very good book to get an idea about all the economic indicators that can make or break the economy.
Excellent Reference on Economic Indicators 2008-05-19
This book does a great job of explaining a long list of macro-economic indicators, their application and relative predictive importance. Highly recommended for those who want to understand how economists measure and attempt to forecast the direction of economies around the world.
First Class Economic Resource 2008-05-19
If you're an inspiring investor or seasoned pro; a corporate executive or fresh out of school Mr. Baumohl's "The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities" holds a wealth of information to assist in making good economic decisions.
The book's structure begins with two chapters that provides the reader with a good introduction on how economic indicators help explain the workings of the world economy. Next the various indicators are organized by categories that allows to reader to find the exact information he or she needs. Also, Mr. Baumohl's writing style is accessible to readers without formal economic training.
A good start 2008-05-05
For anyone interested in understanding the terminology behind the financial pages and Web periodicals, this book does its job. For many of the standard economic indicators, such as the consumer price index, personal income and spending, and the producer price index, its author discusses their importance, how they are calculated, and their impact on the bond, equity, and currency markets. His discussions are mostly qualitative, especially when assessing the impact of the indicators as "low", "medium", "high", and "very high." This was done no doubt to make the book appeal to a wider readership that does not have the mathematical preparation to delve into the topics from a more quantitative perspective. The discussion on the `yield curve' is very good, and in addition gives the reader insight into its status as one of the indicators that is not computed by governmental agencies. The author also gives a lengthy list of the best Websites to visit for discussions on both U.S. and international economic indicators.
There are some omissions in the book whose inclusion would have been helpful, especially to those readers who are interested in the mortgage markets. The author does discuss the NAHB housing market index, construction spending, new home sales, and the NAR existing home sales, but discussions on the OHFEO house price index and the Case/Shiller house price index are omitted. These indices have become very important in recent months due to the turmoil in the mortgage markets, and they have appeared many times in newspapers throughout the world. There are also no discussions on the forecasting performance of the various indicators, again probably due to the goal of keeping the book length at a manageable level. For the index of leading economic indicators for example, the author could have discussed this briefly without getting into the deep technical details.
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