Using Economic Indicators to Improve Investment Analysis - Hardcover

Tainer, Evelina M.

Hardcover

ISBN 10: 047158049X ISBN 13: 9780471580492

Publisher: Wiley, 1993

Synopsis

A comprehensive guide to the major economic indicators and their role in determining investment strategies. Each chapter describes one sector of the economy, which encompasses various economic indicators. Fully describes each indicator and the financial market reaction to it. Provides specific advice on applying changes in the indicator to investment planning. Discusses economic reports which have a bearing on financial conditions and how to utilize them beneficially.

About this title

From the Inside Flap

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.

From the Back Cover

Praise for Using Economic Indicators to Improve Investment Analysis THIRD EDITION

"Once again, Evelina Tainer has cleared the fog of economic confusion. Her work deciphers and encapsulates the metrics employed by professional speculators in the magnitude of George Soros and Edwin Lefèvre. This thesis is a requisite desktop reference for every market participant."
—John Alda, Managing Director, Alda Macro Fund Management

"Tainer's latest book is a tour de force through the world of esoteric economic numbers and jargon. Written in layman's terms, her latest book can be understood by anyone interested in navigating the world of professional economics."
—Kathleen Camilli, founder and Principal of Camilli Economics, LLC

"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

"Tainer has produced an essential reference source for any economist and public policy analyst interested in the careful review of economic releases and their impact on capital markets. This work reflects her long experience in the profession and her feel for the financial market. I especially enjoyed her market reaction and key points sections on some of my favorite and sometimes infamous indicators."
—John E. Silvia, Chief Economist, Wachovia Corporation

"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.

Edition details

• Publisher: Wiley
• Publication date: 1993
• Language: English
• ISBN 10: 047158049X
• ISBN 13: 9780471580492
• Binding: Hardcover
• Edition number: 1
• Number of pages: 288