The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities (3rd Edition)
Bernard Baumohl
Language: English
Pages: 496
ISBN: 0132932075
Format: PDF / Kindle (mobi) / ePub
For years, investors, business strategists, and policymakers worldwide have turned to one book to help them translate the massive flow of economic data into knowledge for intelligent decision-making. The Wall Street Journal called this book "…the real deal," saying it "miraculously breathes life into economic indicators and statistics." That book is Bernie Baumohl’s classic best-seller The Secrets of Economic Indicators. Now, in a brand-new Third Edition, Baumohl has thoroughly updated his classic to reflect the latest US and foreign economic indicators, and brand-new insights into what all of today’s leading indicators mean. Baumohl introduces dozens of new, forward-looking economic markers, including those that monitor small business plans, freight traffic shifts, web searches, and even gambling. He also presents several real-time foreign indicators for anticipating swings in European and Asian economies. He explains what’s happened to the global and domestic U.S. economy in recent years, showing how financial crises impact investments, strategy, and economic indicators. New graphics more clearly illuminate how key indicators impact interest rates, bond and stock prices, and currency values; and hundreds of websites containing US and global economic indicators have been updated. This classic book has long been considered an invaluable resource by professionals who need to understand the true meaning of the latest economic trends. With this new edition, Bernie Baumohl has made it even more useful.
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closer attention to this indicator in the last few years even though it has been around since 1967. Improved monitoring by the Labor Department has made the series more accurate in gauging labor market conditions. The main appeal of the jobless claims report is its timeliness. Figures on new filings for unemployment benefits are released every week and are based on actual reports from state agencies around the country. As a result, analysts view this statistic as a good coincident indicator,
this indicator to give you a heads up on when an economy emerges from recession. Companies do not post job advertisements the instant economic activity revs up. Instead they tend to push existing employees to work longer hours in the early stages of a recovery until it becomes obvious that to meet the surge in demand, new workers will have to be found. Yet even then, employers don’t rush in with new ads. Many firms first try to rehire those who were initially laid off. Thus, any pick-up in
with about three years of previous quarterly data to help you gain perspective on what the economy has been up to lately. When looking at the table, it’s important to keep in mind that a real 3%–3.5% annual growth rate is considered the pace the economy has to grow for people to get a feeling of prosperity. For an $11 trillion economy, this means the U.S. must increase its output of goods and services by at least $330 billion every year. If it expands less than 3% on average, the economy is not
well as navigating my business toward higher profits. I recommend this book if you care about your future finances.” —Morris E. Lasky, CEO, Lodging Unlimited, Inc.—manager and consultant for $6 billion in hotel assets; Chairman, Lodging Conference; Chairman, International Hotel Conference “I find Baumohl’s writing fascinating. In addition to the famous indicators, he includes many that I hadn’t heard of. I really appreciate that he tells you exactly where to find each indicator on the Web. Just
received are compiled and a diffusion index is produced based on a weighted average of the five subcomponent indexes: new orders (35% weight), production (25%), order backlogs (15%), employment (10%), and supplier deliveries (15%). Aside from the overall Business Barometer index, separate measures are provided on prices paid for goods and changes in inventories. The diffusion index, which is seasonally adjusted, functions like the manufacturing ISM survey; a reading above 50 in the Business