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The WSJ Guide to the 50 Economic Indicators That Really Matter: From Big Macs to "Zombie Banks," the Indicators Smart Investors Watch to Beat the Market (Wall Street Journal Guides) Paperback – May 3, 2011
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"A short, sweet, savvy introduction to economics, indicators, and investing." -- Nouriel Roubini, Chairman and Co-Founder, Roubini Global Economics. --From the front cover
"I can't believe Simon and Robert have revealed the secret tricks that I've been using for years to make money on the markets. All of the hedge funds will go out of business!" -- James Altucher. --From the back cover
"Someone should have written this years ago," Brett Arends, WSJ -- --Customer review
From the Back Cover
An entertaining, must-have guide to the indicators most investors aren't following—but should be!
To make the best possible investment decisions, savvy investors know that they should pay close attention to economic indicators. But while most are looking at conventional barometers like unemployment rates and housing starts, the smartest investors are following the often ignored, sometimes curious, but always interesting indicators that offer a true sense of where the economy is and where it's going. They provide the vital information needed to beat the market.
In The Wall Street Journal Guide to the 50 Economic Indicators That Really Matter, Simon Constable and Robert E. Wright offer investors powerful new tools to guide them through the markets. Whether it's the VIX index (which tracks the level of anxiety among investors) or the Vixen index (which tracks the number of attractive waitresses in your hometown), this essential guide includes in-depth analyses of 50 valuable economic indicators, as well as what to watch for, what to do when movement happens, and the risk level involved in taking action. This must-have guide entertains and enlightens while offering essential advice on navigating the global economic climate.
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Top Customer Reviews
Simon Constable writes for the Wall Street Journal and hosts their afternoon "NewsHub" recap of the markets. Anyone who follows the NewHub will be familiar with his witty -- actually, kind of snarky -- commentary. He's sort of the Simon Cowell of the Wall Street crowd. His distinctive voice is evident in this book. His co-author, Robert Wright, has written extensively on business history and used to be associated with the Stern School at NYU and the Museum of Financial History in Manhattan's financial district, although he apparently now teaches at a college in South Dakota.
The book consists of 50 short chapters devoted to the indicators. Each chapter has a brief description of the indicator -- usually accompanied by a quote from an investment analysts on the indicator's importance -- a time series graph of the indicator, and a discussion of possible investment opportunities that might occur when the indicator is unusually high or low.Read more ›
The tone is relaxed to casual, but a good deal of highly-educated thought must have gone into planning the text because it's canny, careful and accurate. "It takes the wonk out of what's long been arcane material," said my waggish pal.
It's actually a good way to get a handle on how the economy works and how it helps or hurts your investments.
Did I mention that it's funny? The comedy swoops from sophisticated to almost-risqué. If this is a new face of the fuddy-duddy Journal, the accession of the dreaded Rupert seems to be sprouting a happy new shoot.
Highly recommended reading for everyone, but especially anyone wishing a basic education in world markets and what makes them move.
Why not five stars? (1) No index; (2) It's sloppy: e.g., the word "data" should be plural, Procter & Gamble is misspelled, and some of the graphs/charts are either mislabeled or ambiguously labeled; and (3) Selection criteria unclear. Authors say they exclude big and well known indicators like CPI but then include several others that are just as well known. (Maybe they're just making room for the Vixen Index.)
Regardless, this one's a winner, and most of my issues will probably be addressed in a 2nd edition.
Most Recent Customer Reviews
Excellent tool to learn about the stats that drive the markets. What I did not learn is how the big money uses some of these stats to justify why the market was up or down. Read morePublished 1 month ago by Amazon Customer
Great Value! Provides the meaning of the indicators, directs you towards the indicators, and provides you with an action plan on how and when to respond to these indicators. Read morePublished 4 months ago by jame_C
Gives a good overview of what economists look at in trying to figure out the state of the economy. Certainly not something the average person would do, but when reading the... Read morePublished 8 months ago by Al Fisher
good insight for beginners, great start to build a foundation in analyzing the current state of the market. Definitely worth reading!Published 15 months ago by User
Absolutely a five star book! Interesting, accurate, useful and easy!Published 16 months ago by alan