The Trader's Guide to Key Economic Indicators (eBook)

Richard Yamarone, senior vice president and director of economic research at Argus Research Corporation, has more than two decades of experience on Wall Street, analyzing and researching domestic and international economic trends, monitoring monetary and fiscal policy developments, and forecasting the U.S. macroeconomy. He has consulted monetary and fiscal policymakers, and he serves as an economic adviser to several major U.S. corporations. He has worked for international and domestic money center and investment banks in a variety of senior positions. In addition, he has taught numerous courses on macroeconomics and economic indicators at several colleges and institutions. He has served as president of the prestigious Downtown Economists Club of New York City and is a member of the National Association for Business Economists, the American Economic Association, the New York State Economics Association, and the Money Marketeers of New York University. At Argus Research, Yamarone is a member of the Investment Policy Committee and is responsible for establishing the firm's top-down economic and interest-rate forecasts, as well as its estimates for monthly economic indicators. He makes frequent appearances on business television and radio shows, and is one of the most quoted economists on the Street today. In 2007, USA Today highlighted Yamarone as one of the top ten economists in the nation.

Acknowledgments.

Introduction.

The Business Cycle.

Indicators and the Markets.

How to Use This Book.

Who Can Benefit from This Book?

Note: All chapters are structured into the following
sections.

Evolution of an Indicator.

Digging for the Data.

What Does It All Mean?

How to Use What You See.

Tricks from the Trenches.

1. Gross Domestic Product.

2. Indexes of Leading, Lagging, and Coincident Indicators.

3. The Employment Situation.

4. Industrial Production and Capacity Utilization.

5. Institute for Supply Management Indexes.

6. Manufacturers' Shipments, Inventories, and Orders.

7. Manufacturing and Trade Inventories and Sales.

8. New Residential Construction.

9. Conference Board Consumer Confidence and University of
Michigan Consumer Sentiment Indexes.

10. Advance Monthly Sales for Retail Trade and Food
Services.

11. Personal Income and Outlays.

12. Consumer and Producer Price Indexes.

13. The Fixed-Income Market.

14. Commodities.

References.

Index.

"Every stock and bond trader should keep this invaluable
description of relevant economic indicators within easy
reach."

--David M. Jones, PhD

Chairman of the Board, Investors' Security Trust Company Former
Chief Economist, Aubrey G. Lanston

"Richard Yamarone has done a masterful job of describing
technical economic concepts in plain English. This book will enable
you to emulate the methods and successes of the pros, by
instructing you as to which indicators are the most relevant and
how to use them to make money in the financial markets."

--Stan Richelson

Coauthor, Bonds: The Unbeaten Path to Secure Investment
Growth