Yamarone, a Wall Street economist and former trader, explains the dozen economic statistics that traders and investors should pay attention to, and what they really mean. Covering gross domestic product, employment indicators, the consumer price index and more abstruse matters, he outlines where each statistic comes from (government agencies, private organizations), how it fits into the business cycle, and what effect its release is likely to have on Wall Street. Annotation ©2004 Book News, Inc., Portland, OR (booknews.com) Distributed by Syndetic Solutions, Inc.

Richard Yamarone, vice president and director of economic research for Argus Research, has more than fifteen years of experience on Wall Street Distributed by Syndetic Solutions, Inc.

Acknowledgments	p. xiii
Introduction	p. 1
The Business Cycle	p. 3
Indicators and the Markets	p. 5
How to Use This Book	p. 6
Who Can Benefit from This Book?	p. 8
1 Gross Domestic Product	p. 11
Evolution of an Indicator	p. 13
Digging for the Data	p. 14
Some Definitions	p. 16
GDP Versus GNP	p. 17
Calculating GDP: The Aggregate Expenditure Approach	p. 18
Nominal and Real Numbers	p. 22
Deflators	p. 25
National Income	p. 26

Distributed by Syndetic Solutions, Inc.