"A virtual bible of how economic indicators are constructed and used. Important tidbits of history are mixed with present-day nuances to explain why we should care about all the economic indicators." ― Allen Grommet, Senior Economist, Cambridge Consumer Credit Index "This book is an indispensable resource for anyone that wants a practical understanding of the economy and how it is measured. The information is clear, concise, and will help investors at all levels leverage the vast amount of economic data available." ― Jesse Harriott, PhD, Vice President of Research, Monster Worldwide, Inc. This updated guide to economic indicators -- what they are and what they really mean -- covers all major economic indicators, from GDP to the consumer price index. You'll not only learn what key economic measurements are and how to read and interpret them, you'll discover how to use them to make better, more-informed financial, trading, and investing decisions.
What an incredible waste of $50! I bought this with the hope of gaining additional knowledge on the macroeconomic factors of the world. Instead, what I got was a book that told me obvious equity and bond market reactions to changes in PPI, CPI, jobs numbers, construction numbers, oil prices etc.
Yes, we know that when oil price goes up, the market generally heads down. You don't need to write a book to tell us that.
If you're a veteran investor or day trader, this book will tell you nothing new.