From Library Journal
Jones, a noted Wall Street economist, frequently appears on the TV talk show circuit and when asked about the health of the U.S. economy invariably refers his audience to the latest action of the Federal Reserve. Following his own advice, he has studied the Federal Reserve and produced a work that suggests how ordinary Americans can take advantage of what it does and improve their own financial condition as a result. Designed as a primer, his book walks the reader through a maze of Federal rules, regulations, and jargon. There is a lengthy discussion of various investment strategies, including the use of "derivatives," and in light of the recent trading losses experienced by corporations and municipalities (notably Orange County in California), his advice is an emphatic "caveat emptor." All investors who wish to "maximize their investment returns in favorable market circumstances and minimize their losses in unfavorable conditions" will find this book a good buy. Recommended for all business collections.?Richard Drezen, Washington Post News Research Ctr., Washington, D.C.
Copyright 1995 Reed Business Information, Inc.