Anthony Mall

Book Review: Secrets of Economic Indicators.

2006-05-24T11:31:00.000+08:00

Learning economic indicators the simple way

You may think that The Secret of Economic Indicators is another ideal-put-you-to-sleep book. Honestly, that was my reaction when I received this 376-page book on such mundane economic indicators as gross domestic product, consumer price index, employment situation and yield curve, to name a few. But author Bernard Baumohl seems to have predicted such a reaction as he penned in the book’s preface: “The subject of economic indicators can be lethally boring.” So he had to “make the whole subject approachable and interesting”. Guess what? Three pages into the preface, I began to sense that I had reacted wrongly. And two chapters into the book, I knew I was dead wrong. This book is different. Don’t have an economics degree, an MBA, or a CPA? Don’t worry. You don’t need any of it. Baumohl explains each seemingly complicated indicator in an easy-to-understand, non-academic language. In fact, the book could be titled Economic Indicators for Dummies or Economic Indicators 101. But it provides investors a wealth of information that can be applied to predict the future trends of and impact on bond, stock and currency markets. Why such a book? While largely contented in the past to rely on their investment advisors’ insights, individual investors today increasingly prefer to take more control to manage their own investments and personal wealth. Unlike other books on the same subject, Baumohl’s book is organised in an encyclopaedic manner. I find this useful and refreshing. Chapter 1, which begins more like a suspense thriller than a typical economics text, describes the intense secrecy and anticipation that surrounds the release of economic information. Chapter 2 explains the common economic jargons such as annual rates, business cycle, consensus surveys, nominal dollars, real dollars, moving average and seasonal adjustments. Nothing new to the old hands, but useful to the new hands or the uninitiated. It also nicely sets the stage for the next chapter. Chapter 3 is where the book’s core idea is found. Simplicity characterises its layout. In it are 47 indicators, each covered by four sections: Section I: Market sensitivity (low, medium, high), what it is, website of news release, release time, frequency of release, source of information, and frequency of revisions. Section II: Why is it important Section III: How is it calculated Section IV: Market impact (on bonds, stocks and currencies) It’s a thick chapter. I particularly like the chapter, though, firstly for its simplicity and clarity in explanation. Secondly, after understanding a particular indicator, one can appreciate its impact on the economy and this helps in making investment decisions. And thirdly, one can choose to skip through to focus on certain indicators of interest at any point in time. Chapter 4 covers the most significant international economic indicators, namely German, Japanese, French, Eurozone, Global, OECD, Chinese and Brazilian. Chapter 5 and 6 list out what Baumohl thinks are the best websites for US and international economic indicators. The book is useful to investors or to those in professions which deal with or market to investors. If the question, “What’s the meaning of this economic indicator?” pops into my head in the future, you know which “economic indicator bible” I will consult. The book, however, left me with two questions. First, with their US orientation and emphasis, how useful are these indicators in the Malaysian context, especially when they and their related data are either non-existent, so scattered or a challenge to find in Malaysia? Lastly, despite the wealth of knowledge in unlocking the secrets of economic indicators, why is the future still unpredictable? Only God can unlock the secrets of how the future will turn out. Tan Sri Francis Yeoh summed up the situation best when he said, “Anyone who claims to be able to foresee and manage future events must have their heads examined.”

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2006-05-24T10:14:00.000+08:00

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2006-05-23T09:32:00.000+08:00

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2006-05-22T17:43:00.000+08:00

Our Shopper Rewards Program gives you Value Points that can be used to get deep discounts on hundreds of popular items or to participate in our Amazing $1 Auction where you can get things like Rolex Watches and other exciting items for just ONE DOLLAR!Click here to learn about Shopper Rewards

Top 10 Best Web Hosting

2006-05-22T15:42:00.000+08:00

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Build Your Own Website

2006-05-22T13:17:00.000+08:00

Build your own website in 30 minutes, have it live on the internet by the next morning.
Try Blue Voda website builder, a video there for introduction.
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Web Design and Hosting

2006-05-20T23:21:00.000+08:00

I'm thinking to build a website to promote my Mutual Marketing Business. My frenz had suggested me to buy a domain name in www.factsaboutadsense.com . Only $8.95/yr. Well, I think it's a reasonable price. But, I wonder if there are lower than this price.

Besides, I need web design, web hosting and email services too. I feel it's more easy to buy all these under one roof. Hmmm......any command on this. Well, I gotta improve my ebusiness, may be getting the bulk email marketing or web advertising can help promote my website.

Ohhh, yes.....Anyone know how to get a shopping cart webpage design? I mean how to design or build a shopping cart. Share with me, if you know something, or a website on related to this.

On-line Auction !!! Hurry up !!!

2006-05-20T11:06:00.000+08:00

Going, going, gone ... for $1. Every item in this Auction Hall is up for bid for US$1 plus freight. Just submit your bid with Value Points.
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The 27th Amazing One Dollar Auction begins on April 1, 2006 and ends on May 31, 2006.

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2006-05-19T16:02:00.000+08:00

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The Code is rolling......

2006-05-19T13:35:00.000+08:00

A murder inside the Louvre and clues in Da Vinci paintings lead to the discovery of a religious mystery protected by a secret society for two thousand years ....... The Da Vinci Code.

How about running your MLM Business at Night ?

2006-05-18T17:39:00.000+08:00

Just imagine, your MLM business is still growing, even though you'd put on your pajamas and laying on your warm bed. Or, even when you are dancing with your lovely spouse under the romance of the moon...

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2006-05-15T17:55:00.000+08:00

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Today Joke : Lawyer or Ass?

2006-05-15T12:00:00.000+08:00

A man walks into a bar and he's really pissed. The bartender gives him a drink and asks what the problem is. All he says is, “All lawyers are assholes.”
A man sitting in the corner shouts, “I take offense to that!”
The pissed-off guy asks him, “Why? Are you a lawyer?”
He replies, “No, I'm an asshole.”

Today Joke : 2nd hand smoke KILL !!!

2006-05-11T14:11:00.000+08:00

e-Business : Home Business Available

2006-04-06T16:34:00.000+08:00

Please log in here to find yourself a home business !
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e-Business : e-Multi Levels Marketing World

2006-04-05T09:44:00.000+08:00

Hi,

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e-Business : Finally a Better Way !

2006-04-03T14:33:00.000+08:00

Hey, guys.

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Here is a must visit place. Every things have been developed for you, and you can immediate start your business on line rite after registration.

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Life's Story : All are Significant.

2006-04-01T09:34:00.000+08:00

During my second month of college, our professor gave us a pop quiz. I was a conscientious student and had breezed through the questions, until I read the last one: "What is the first name of the woman who cleans the school? "

Surely this was some kind of joke. I had seen the cleaning woman several times. She was tall, dark-haired and in her 50s, but how would I know her name? I handed in my paper, leaving the last question blank. Just before class ended, one student asked if the last question would count toward our quiz grade.

"Absolutely," said the professor. "In your careers, you will meet many people. All are significant. They deserve your attention and care, even if all you do is smile and say 'hello'."

I've never forgotten that lesson. I also learned her name was Dorothy.

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2006-03-28T00:50:00.000+08:00

Here a great online shopping mall with a unique Shopper Rewards Program and an amazing auction?

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e-Business : The Economy Has "Gone Global"… Have You?

2006-03-24T23:32:00.000+08:00

The world has become one big "global village." With rampant international trade, national economies have merged into one giant global economy. This is good news and bad news.

The bad news is that some people (and some corporations) have more power and opportunity to take advantage of globalization. If recent trends continue, the rich all over the world are just going to get richer while the poor all over the world are just going to get poorer.

The good news is that it doesn't have to be that way. Technology and resources like the Internet can be used to "level the playing field" and allow individuals to get their fair share of global wealth.

Find out more in Anthony Mall

Today Joke : Feminist Protest

2006-03-23T22:21:00.000+08:00

A professor told dirty jokes in class and the women wanted to protest it. So they decided that in the next time that the professor will start with these kind of jokes they all will leave the class as a protest. Somehow the professor heard about the plan. In the next lecture, in the beginning of the lecture he said: "In Sweden a prostitute makes $2000 per night." All the women stood up and started to leave the class. So he shouted after them: "Where are you going? The plane to Sweden doesn't take off until the day after tomorrow."

Find out more in Anthony Mall

Today Joke: A Wife's Diary vs Husband's Diary

2006-03-09T01:55:00.000+08:00

WIFE's DIARY Sunday night -
I thought he was acting weird.
We had made plans to meetata cafe to have some coffee.
I was shopping with my friends all day long,soI thought he was upset at the fact that I was a bit late, but he made nocomment.
Conversation wasn't flowing so I suggested that we go somewhere quiet sowe could talk, he agreed but he kept quiet and absent.
I asked him whatwaswrong - he said, "Nothing." I asked him if it was my fault that he wasupset. He said it had nothing to do with me and not to worry.
On the way home I told him that I loved him, he simply smiled and keptdriving.
I can't explain his behavior; I don't know why he didn't say,"I love u, too."
When we got home I felt as if I had lost him, as if hewanted nothing to do with me anymore.
He just sat there and watched TV;heseemed distant and absent.Finally I decided to go to bed. About 10 minutes later he came to bed. Idecided that I could not take it anymore, so I decided to confront himwith the situation but he had fallen asleep. I started crying and crieduntilI too fell asleep. I don't know what to do.
I'm almost sure that histhoughts are with someone else.My life is a disaster.

HUSBAND's DIARY
Today Manchester United lost the match. DAMN IT..!!

Find out more in Anthony Mall

Hi ! I'm Anthony Lai

2006-03-08T23:34:00.000+08:00

Hi, I'm new here..... trying hard to learn more.....

Welcome to Anthony Mall

2006-03-08T23:21:00.000+08:00

A very Good Day to you, Dear

This is the place where you can find lots of shopping fun, jokes, story, e-commerce opportunity, etc.