Using Economic Indicators to Improve Investment Analysis, 2nd Edition

Rating:
Summary: A Perfect Complement to an academic finance text!
Review: Anticipating a number of delays while traveling over the holidays recently, I picked up a few books from Amazon.com; one I never put down.

Dr. Evelina Tainer has managed, in a succinct manner, to offer academicians (particularly those without practical experience in the world of finance)a way to communicate ideas to students that is compelling and interesting.

I more carefully read about her background only after finishing her book. It make perfect sense that this book was written by an author who has worked in both academic and professional circles. Dr. Tainer integrates material from both perspectives in a meaningful way.

I was particularly fond of the "Did you know" sections where Dr. Tainer fine-tunes a specific notion or concept.

Her discussion of "Seasonal Adjustment" helped to clarify a nubmer of questions that once clouded my understanding.

Academic texts rarely allocate space (for obvious reasons) to details regarding economic indicators. This is where Dr. Tainer's book picks up to bring to light the relevance of the indicators to investment analysis.

I can readily see how Dr. Tainer's, "Using Economic Indicators to Improve Investment Analysis," would be a welcome text in the classroom -- as a stand alone text for an elective course or as supplement to other required texts. I think that students will take to its lucid approach.

Rating:
Summary: A dictionary of economic indicators
Review: This book might be a good compliment to an existing library, but I didn't find it very useful myself. I thought the comment of an earlier review's title, 'A Perfect Complement to an academic finance text!' fairly accurate. If you want to know what the talking heads on the financial news are touting, this is an excellent guide.

In other words, if you have bought into the conventional econometrics of the day, whatever that is, this is your guidebook. It ought to help get through a class, but outside the ivory tower, I'm not sure it will be much help.

Personally, the author didn't help me connect the dots. What do these indicators imply for the GNP 2, 3 or 4 years down the road? What connections do foreign indicators have with domestic ones?

These questions are not answered. It's just a dictionary. You get the nominal description, the publishing authority, a bit about why the authority thinks their indicator useful and maybe a few sample numbers. That is it. If you like academic economics or ever have to make a presentation to some government officials, this is probably an exceptional service, though.

Rating:
Summary: A dictionary of economic indicators
Review: This book might be a good compliment to an existing library, but I didn't find it very useful myself. I thought the comment of an earlier review's title, 'A Perfect Complement to an academic finance text!' fairly accurate. If you want to know what the talking heads on the financial news are touting, this is an excellent guide.

In other words, if you have bought into the conventional econometrics of the day, whatever that is, this is your guidebook. It ought to help get through a class, but outside the ivory tower, I'm not sure it will be much help.

Personally, the author didn't help me connect the dots. What do these indicators imply for the GNP 2, 3 or 4 years down the road? What connections do foreign indicators have with domestic ones?

These questions are not answered. It's just a dictionary. You get the nominal description, the publishing authority, a bit about why the authority thinks their indicator useful and maybe a few sample numbers. That is it. If you like academic economics or ever have to make a presentation to some government officials, this is probably an exceptional service, though.

Rating:
Summary: Bringing theory to life - an easy read
Review: This is not only an excellent reference source, but also a very interesting book. People who are not experts in the fields of economics or finance will have no problem grasping the concepts. I keep it in the office for reference and from time to time pick it up to read up on different topics. I've been impressed with Tainer's ability to make these concepts so easy to understand. Her "Did you know? and Market Reaction" sections are also very interesting and provide an inside view as to how government policymakers and financial marketmakers shape the economy in ways that are very relevant to the average consumer. I recommend this book to anyone who is looking for a good reference book or wants to complement his studies in this field. I think that college students can benefit a great deal from it. For those of you who watch CNBC or CNNfn constantly, you stand to benefit the most from a book like this as it will not only teach you the cause and effect of important economic indicators that are put on the screen on a daily basis, but what's more important, the reasons why they impact the economy and the markets the way they do.

Rating:
Summary: Bringing theory to life - an easy read
Review: This is not only an excellent reference source, but also a very interesting book. People who are not experts in the fields of economics or finance will have no problem grasping the concepts. I keep it in the office for reference and from time to time pick it up to read up on different topics. I've been impressed with Tainer's ability to make these concepts so easy to understand. Her "Did you know? and Market Reaction" sections are also very interesting and provide an inside view as to how government policymakers and financial marketmakers shape the economy in ways that are very relevant to the average consumer. I recommend this book to anyone who is looking for a good reference book or wants to complement his studies in this field. I think that college students can benefit a great deal from it. For those of you who watch CNBC or CNNfn constantly, you stand to benefit the most from a book like this as it will not only teach you the cause and effect of important economic indicators that are put on the screen on a daily basis, but what's more important, the reasons why they impact the economy and the markets the way they do.