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    The WSJ Guide to the 50 Economic Indicators That Really Matter: From Big Macs to

    The WSJ Guide to the 50 Economic Indicators That Really Matter: From Big Macs to "Zombie Banks," the Indicators Smart Investors Watch to Beat the Market

    3.7 4

    by Simon Constable, Robert E. Wright


    eBook

    $13.74
    $13.74

    Customer Reviews

    Simon Constable is host of the News Hub, a live web show that airs weekdays on Wall Street Journal Online. He makes standalone videos for WSJ.com, MarketWatch, and Barrons.com. He lives in New York City.


    Robert E. Wright, PhD, is the Nef Family Chair of Political Economy at Augustana College in Sioux Falls, South Dakota. He has authored or coauthored eleven books and has written for Barron's, the Chronicle of Higher Education, the Los Angeles Times, and other prominent publications.

    Table of Contents

    Introduction xi

    Consumption (C)

    1 Automobile Sales 3

    2 Chain Store Sales 8

    3 Consumer Sentiment 13

    4 Existing Home Sales 18

    5 Underemployment or Slack 23

    Investment (I)

    6 Book-to-Bill Ratio 31

    7 Copper Price 36

    8 Durable Goods Orders 41

    9 Housing Permits and Starts 46

    10 Industrial Production and Capacity Utilization 51

    11 Institute for Supply Management (ISM) Manufacturing Survey 56

    12 Institute for Supply Management (ISM) Non-Manufacturing Survey 61

    13 JoC-ECRI Industrial Price Index 66

    14 London Metal Exchange Inventories 71

    15 Personal Savings Rate 76

    16 Unit Labor Costs 81

    Government (G)

    17 Federal Government Budget Deficits and the National Debt 89

    Net Exports (NX)

    18 Baltic Dry Index 97

    19 Big Mac Index 102

    20 Current Account Deficit 108

    21 Oil Inventories 113

    22 Tankan Survey 118

    23 TIC Data 123

    Multiple Components

    24 Beige Book 131

    25 Crack Spread 136

    26 Credit Availability Oscillator 141

    27 Federal Funds Rate 146

    28 Fertility Rates 150

    29 Gross Domestic Product (GDP) per Capita 156

    30 Libor 161

    31 M2 Money Supply 166

    32 New Home Sales 171

    33 Philadelphia Fed: The Aruoba-Diebold-Scotti Business Conditions Index 176

    34 Philadelphia Fed: Business Outlook Survey 181

    35 Real Interest Rates 186

    36 Short Interest 191

    37 Russell 2000 196

    38 Weekly Leading Index 201

    39 Yield Curve 206

    Inflation, Fear, and Uncertainty

    40 GDP Deflator 213

    41 Gold Price 218

    42 Misery Index 223

    43 Producer Price Index 227

    44 Retail Investment Activity 231

    45 Credit Spreads: The Risk Structure of Interest Rates 235

    46 Ted Spread 241

    47 Texas "Zombie Bank" Ratio 246

    48 TIPS Spread 250

    49 CBOE Volatility Index (VIX) 255

    50 VIXEN Index 260

    Conclusion: Putting It All Together 265

    Appendix: Useful Economic Indicators Websites 275

    Selected Bibliography 279

    Acknowledgments 281

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    The Wall Street Journal Guide to the 50 Economic Indicators that Really Matter is a must-have guide for investors. Dow Jones columnist Simon Constable and respected financial historian Robert E. Wright offer valuable tips and insight to help investors forecast and exploit sea changes in the global macroeconomic climate. Unlike other investment handbooks, Constable and Wright’s guide explores the not widely known economic indicators that the smartest investors watch closely in order to beat the stock market—from “Big Macs” to “Zombie Banks.” Not only valuable and informative, The Wall Street Journal Guide to the 50 Economic Indicators that Really Matter is also wonderfully irreverent and endlessly entertaining, making it the most fun to read investors’ guide on the market.

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