The Economic Indicator Handbook

The Economic Indicator Handbook
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This book provides a developer-level introduction along with more advanced and useful features of JavaScript. Coverage includes: JavaScript use with HTML to create dynamic webpages, language concepts including syntax and flow control statements variable handling given their loosely typed nature built-in reference types such as object and array object-oriented programing powerful aspects of function expressions Browser Object Model allowing interaction with the browser itself detecting the client and its capabilities Document Object Model (DOM) objects available in DOM Level 1 how DOM Levels 2 and 3 augmented the DOM events, legacy support, and how the DOM redefined how events should work enhancing form interactions and working around browser limitations using the tag to create on-the-fly graphics JavaScript API changes in HTML5 how browsers handle JavaScript errors and error handling features of JavaScript used to read and manipulate XML data the JSON data format as an alternative to XML Ajax techniques including the use of XMLHttpRequest object and CORS complex patterns including function currying, partial function application, and dynamic functions offline detection and storing data on the client machine techniques for JavaScript in an enterprise environment for better maintainability This book is aimed at three groups of readers: Experienced object-oriented programming developers looking to learn JavaScript as it relates to traditional OO languages such as Java and C++; Web application developers attempting to enhance site usability; novice JavaScript developers. Nicholas C. Zakas worked with the Web for over a decade. He has worked on corporate intranet applications used by some of the largest companies in the world and large-scale consumer websites such as MyYahoo! and the Yahoo! homepage. He regularly gives talks at companies and conferences regarding front-end best practices and new technology.

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Ричард Ямароне. The Economic Indicator Handbook

Acknowledgments

About the Author

Chapter 1. The Daily Blotter

The Economic Calendar

Economist Estimates and Expectations

The Bloomberg Economic Surprise Index

The Events Calendar

The Economic Statistics Table (ECST)

The Powerful Economic Workbench

The Bloomberg Orange Book of CEO Comments

The Treasury and Money Market Rates

The Bloomberg Financial Conditions Monitor

Test Yourself

Answers

Chapter 2. The Business Cycle

Leading, Lagging, and Coincident Indicators

The Chicago National Activity Index

The Yield Curve as a Predictor of the Business Cycle

“Nowcasting” Economic Activity

The Best Representation of U.S. Economic Activity

Test Yourself

Answers

Chapter 3. Gross Domestic Product (GDP)

Composition

Nominal and Real Values

Consumption Expenditures

Investment Spending

Inventories

Government Spending

Net Exports

Deflators

Final Sales

Corporate Profits

Gross Domestic Income

Test Yourself

Answers

Chapter 4. The Labor Market and Employment

Employment and the Business Cycle

Two Measures of Employment: Payrolls and Households

Unemployment

The Labor Force

Hiring of Temporary Workers

Employment Trends of Various Age Cohorts

The Duration of Unemployment

Part-Time and Full-Time Employment

Price of Labor and Earnings

Hours Worked

Leaving the Labor Force

Employment Diffusion Indexes

Related Measures

Test Yourself

Answers

Chapter 5. Retail Sales

Composition

Different Perspectives

Anecdotal Evidence

Luxury Sales

Shortcomings

Corrections

Recent Trends and Influences

The Retail Calendar

Holiday Retail Sales

The Crucial Indicator

Related Measures

Recent Trends

Test Yourself

Answers

Chapter 6. National Federation of Independent Businesses (NFIB) Small Business Economic Trends

Composition

The Business Cycle and the Headline NFIB Index

The Crucial Indicator: Hiring Intentions

Small Business Investment Spending

The Outlook Index and the Economic Performance

The Credit Market and the Small Business Sector

Small Businesses and Inflation

Shortcomings

Related Measures

Test Yourself

Answers

Chapter 7. Personal Income and Outlays

Personal Income

Personal Consumption Expenditures

The Fab Five Indicators of Discretionary Spending

Government Transfer Payments

The “Savings” Rate

Consumer Spending Inflation Measures

Test Yourself

Answers

Chapter 8. Housing and Construction

Overall Construction Spending

Housing Market Index

Housing Affordability Index

Housing Construction Activity

Single-Family Homes and Apartment Construction

Applications for Mortgages

Architect's “Work on the Books”

Home Sales

Home Supply

Home Prices

Test Yourself

Answers

Chapter 9. Manufacturing

Industrial Production and Capacity Utilization

Utility Production

Institute for Supply Management Indexes

Manufacturers' Shipments, Inventories, and Orders

Test Yourself

Answers

Chapter 10. Prices and Inflation

The Consumer Price Index

The Producer Price Index

Commodity and Raw Material Prices

Import Prices

Labor Market Price Activity

Inflation Expectations

Test Yourself

Answers

Chapter 11. Confidence and Sentiment

Tweaking the Confidence Measures

Confidence by Income Status

The Misery Index

Confidence and Big-Ticket Items

Test Yourself

Answers

Chapter 12. The Federal Reserve

Consumer Credit

The Senior Loan Officer Survey

The Flow of Funds Report

The Philadelphia Fed Economic Measures

The Chicago Fed's Midwest Economy Index

The Cleveland Fed's Inflation Expectations Index

The San Francisco Fed's Tech Pulse Index

The New York Fed's Empire State Survey

The Richmond Fed Surveys

The Dallas Fed Surveys

The Kansas City Fed Manufacturing Survey

Test Yourself

Answers

Sources and Additional Reading

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THE ECONOMIC INDICATOR HANDBOOK

How to Evaluate Economic Trends to Maximize Profits and Minimize Losses

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Source: Bloomberg

In Exhibit 1.7, we chart the U.S. Treasury cash balance of federal tax deposits withheld from employment income and tax receipts against the monthly nonfarm payrolls. The economic explanation behind this is that the more people employed, the greater will be the amount of tax withholdings by the federal government.

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