Publisher: HarperCollins, 2000, 208 pages
Can the financial markets really foretell the future?
According to CNBC's veteran market watcher, Ron Insana, they can and do. Every day the world's markets are speaking — shouting, really — boldly predicting the future. In fact, they are reflecting information not yet revealed to the general public: events as dramatic as the outcome of a war, as tragic as a nuclear accident in some distant part of the globe, or as mundane but vitally important as the future direction of interest rates.
In order to understand what the markets are saying, you have to know how to listen to and interpret the messages they are sending. This is the first book to show readers how to understand the signals put out by the markets, and how to use that information to advantage in their lives.
Since ancient times, writes Insana, investors and merchants have met to buy and sell goods — and to exchange information and gossip. This information is reflected in the prices charged for those goods, whether it is news of war in a far-flung region that will cut off the gold supply or a crop failure that will make wheat scarce.
Now skip to the present day, where the proxies for goods and services — tradable securities — act in exactly the same fashion. From the price of oil to foreign-currency fluctuations, from the price of a stock to the interest rate offered on a bond, the financial markets provide clues to events great and small. For example, Insana documents how
In the world of finance, Insana reveals how
At a more personal level, Insana shows how individuals who heed the warnings of the markets will make better personal decisions regarding
Whether you are an investor, a market buff, or are simply interested in making better financial decisions, the markets are speaking to you in a very relevant and personal way. Let Ron Insana be your guide and interpreter to understanding the message of the markets.
Interesting reading, but I have no clue if he's right.