by Bernard Baumohl
Rating - 5 stars
Posted - May 18, 2005
On any given weekday, stocks and bonds gyrate in response to some economic
announcement.
Bernard Baumohl, a Time magazine economics writer with more than 20 years of
experience, has written a guide to these indicators and their importance to the
financial markets.
The book promises to become dog-eared quickly. In concise language it explains
what Baumohl indicates are the most influential U. S. and International Economic
Indicators. Beginning in Chapter 2, the author defines the phrases and concepts
essential to an understanding of the indicators.
In Chapter 3 he jumps into the heart of the matter: U. S. economic indicators.
Each indicator is evaluated using the following criteria:
Why is it important?
How is it computed?
What does it day about the future?
How might stocks, bonds and/or currencies react to its announcement?
In Chapter 4, he examines the 10 most influential foreign indicators using
the same criteria.
In the final two chapters, Baumohl provides a list of web sites that compile
economic data. What in the past costs thousands of dollars is available on the
web at no cost.
If any facet of your life is effected by these indicators, you owe it to
yourself to keep a copy of this book nearby.
