The Economic Indicator Handbook

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THE ECONOMIC INDICATOR HANDBOOK

How to Evaluate Economic Trends to Maximize Profits and Minimize Losses

Richard Yamarone

Copyright © 2017 by Richard Yamarone. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.

Published simultaneously in Canada.

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Library of Congress Cataloging-in-Publication Data is available:

ISBN 9781118204665 (Hardcover)

ISBN 9781118228470 (ePDF)

ISBN 9781118233122 (ePub)

Cover Design: Wiley

Cover Images: Blue Whispy Flow © colecom/Getty Images, Inc.;

GDP data chart, Reprinted with permission of Bloomberg LP

This project is overwhelmingly related to economics as seen from the Bloomberg terminal. So it is only natural that I express my gratitude to the countless – and I do mean countless – Bloomberg employees that have provided invaluable help over the last 20-plus years that I have been associated with Bloomberg either as a client (since 1992) or as an employee (October 26, 2009). There's a real reason why Bloomberg, LP is so successful, and it is undoubtedly due to its employees. I've never seen such dedication to a company and to the client in my more than 30 years on the Street. If you know anyone that has ever worked at Bloomberg, you know exactly what I am talking about.

I have the great fortune to work with some of the brightest and hardest-working people in all of business. At any hour of the day or evening, weekend, or holiday, I feel I could reach out with an issue and get an immediate response…that's an incredible team to draw upon. I call each of them my friend as well as co-worker.

My thanks are extended first to the Bloomberg Intelligence Economics team. At the top is Mike McDonough, the global director of economics who has set up this solid powerhouse and is responsible for making it the preeminent economic research group on all of Wall Street that it is today. He is a great leader. Carl Riccadonna is the sharpest economist I have ever worked with and is the best “big picture” economics writer on the Street today; I learn from him every day. Yelena Shulyatyeva has a gifted ability to find the most meaningful detail in economic indicators, draw intelligent inferences, and place them in a macro context. She does this masterfully, despite having the tremendous misfortune of having to sit next to me for over 10 hours a day. Bless you.