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Secrets of Economic Indicators, The: Hidden Clues to Future Economic Trends and Investment Opportunities, 3rd Edition

  • By Bernard Baumohl
  • Published Jul 24, 2012 by FT Press.
    • Copyright 2013
    • Dimensions: 7" x 9-1/4"
    • Pages: 496
    • Edition: 3rd
    • Book
    • ISBN-10: 0-13-293207-5
    • ISBN-13: 978-0-13-293207-3

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Product Author Bios

BERNIE BAUMOHL (Princeton, NJ) is Chief Global Economist for The Economic Outlook Group. As TIME magazine's award-winning senior economics reporter for two decades, he covered the domestic and international economy from TIME's New York and Washington bureaus. As an economist for European American Bank, he assessed global economic risks and developed U.S. economic forecasts. He also served as an analyst at the Council on Foreign Relations. A frequent TV and radio guest, he has lectured at NYU and Duke. A recipient of the John Hancock Award for Excellence in Financial Journalism, he holds a Masters Degree in international affairs and economics from Columbia University.

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.

Customer Reviews

13 of 13 people found the following review helpful
4.0 out of 5 stars No secrets, but painless and useful information for independent thinkers, October 14, 2012
By 
Aaron C. Brown (New York, New York United States) - See all my reviews
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This review is from: The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities (3rd Edition) (Paperback)
Customer review from the Amazon Vine™ Program (What's this?)
This book does a competent job of summarizing key facts about 58 US and 13 foreign economic indicators. It's one level of detail more than you would get reading a business news story about the number, and at least one level of detail shy of a professional reference. I'm skeptical that it will help anyone understand the economy better or make better investment decisions, but it might help a non-professional make more sense of the economic news. The prose is clear and stylish, which is a real accomplishment considering the format and subject matter. There are no secrets in the book, despite the title, nor any serious discussion of how to use the numbers to understand or predict the economy, or to make money or set policy.

If you're reading this review, I assume you want a book on economic indicators written at this level and are trying to choose among... Read more
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9 of 9 people found the following review helpful
3.0 out of 5 stars Comprehensive Review of Economic Indicators, September 16, 2012
By 
promethian Daniel "atlantisdaniel" (Naples, FL United States) - See all my reviews
(VINE VOICE)   
This review is from: The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities (3rd Edition) (Paperback)
Customer review from the Amazon Vine™ Program (What's this?)
The book is mostly an encyclopedia of economic indicators. Chapters 3 and 4 are the majority of this book and are a compendium of economic indicators. Chapter 3 is the US Indicators and there are 58 of them discussed in considerable detail. Chapter 4 is International Economic Indicators and 13 are similarly discussed. Although most of these indicators are well known e.g. Employment, Retail Sales, Gross Domestic Product, other indicators were new to me, e.g. Google Insights. Google insights is a database that tracts the volume of a specific keyword searches. Web and internet information is given throughout the book, and for for the google insights it is [...].

Chapter 5 is a listing of Web Sites. The amount of work that must have gone into this compendium (i.e. Chapters 3,4,and 5) is staggering, even with the power of the internet. The author discusses the personal nature of this journey for him and his family in the acknowledgements in a cute way.

The... Read more
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6 of 6 people found the following review helpful
4.0 out of 5 stars I Went From Zero Knowledge About Economics To Highly Proficient After Reading This Book, August 7, 2012
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This review is from: The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities (3rd Edition) (Paperback)
The first edition of this book I read was the one published in 2007, which was the second edition. I went from knowing very little about economics to being able to hold my own in conversations with economists who held degrees. One thing I love about this book is the fact that its written in a very simple and easy to understand format. That's a big thing to me, because I believe that if a person can't break a subject down into simple terms, then they most likely don't understand it well enough to be teaching it. This third edition, which I completed reading yesterday is just as great as the past edition(s), even greater since it applies to the changed economic environment. To me, there's no better feeling than reading a book such as this, then monitoring the economy and seeing things play out just as the author said they would.

EDIT: I'm gonna have to subtract a star from my rating because of a trick pulled by the publisher. I went to Barnes & Noble yesterday and saw this... Read more
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Online Sample Chapter

The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities

Table of Contents

What’s New in the Third Edition?     xvii

Preface     xxi

Chapter 1: The Lock-Up     1

Chapter 2: A Beginner’s Guide: Understanding the Lingo     19

Chapter 3: The Most Influential U.S. Economic Indicators     31

Chapter 4: International Economic Indicators: Why Are They So Important?     361

Chapter 5: Best Web Sites for U.S. Economic Indicators     429

Chapter 6: Best Web Sites for International Economic Indicators     439

Index     447

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