The Investor's Guide to Economic Indicators explains how to analyze, interpret and use the economic numbers we hear and read about every day, but which few people really understand. Written in an easy, engaging style, it explains which of the literally hundreds of published indicators are worth following, which aren't and what they mean. It reveals how the numbers actually relate to investment results in the financial markets, how to spot emerging trends and how to translate trends into investment strategies. Nelson also shows how to use lesser known indexes - such as the Dow Jones Commodity Spot Price Index, which gives a more accurate indication of inflation than either the Consumer Price or Producer Price Indexes and is out weeks ahead of both.
Mr. Nelson wrote this book many years ago. It is still useful today in teaching the practicing economist or investment analyst what statistics are useful in predicting economic dynamics. His belief in using statistics that are not subject to revisions was a revelation to me as should be to anyone who uses historical economic data for forecasting in real time.
Simple Explanations of the Big Economic Picture
Published by Thriftbooks.com User , 21 years ago
This is a great little book. It explains the basics of economics in terms of the monthly and quarterly government numbers. It teaches you what numbers are really real and what numbers are bogus.Steve WoodsFloatAnalysis.com
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