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The Secrets of Economic Indicators By Bernard Baumohl. 2005. Upper Saddle River, New Jersey: Pearson Education, Inc., published via Wharton School Publishing. Pp. 366. $27.95 hardcover.
In the past several years, especially since the stock market crash in 2000, investors have been assuming greater responsibility for managing their own investment accounts. This activity has led to questions about the economic factors that move stock prices. This in turn has led to a number of books that describe the various economic indicators and reports that are published regularly, together with comments on their impacts on stock and bond prices as well as the dollar in foreign exchange. Baumohl's book is one of the latest in this group of books.
Baumohl is well qualified to write on this subject. He is the director of The Economic Outlook Group, a consulting firm that evaluates global economic trends and risks. Prior to that, he was Time magazine's economics reporter for two decades, covering the domestic and international economies. He also served as an economist for the European American Bank and as an analyst for the Council on Foreign Relations. He also is an interesting writer with a...