Beating the Business Cycle 5
Jul19
Product Description
How can you make wise decisions about your company and your personal future when you have no idea where the economy is headed?
The answer is, you can’t. But you can learn how to accurately predict turns in the economy so that you can see the road ahead. And Beating The Business Cycle shows you how.
In Beating the Business Cycle, Lakshman Achuthan and Anirvan Banerji, the directors of the renowned Economic Cycle Research Institute (ECRI) show how anyo… More >>
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This book gives guidelines on when to buy a car, home, invest in stocks, etc… Its a good handbook for such major decisions at home. It gives a long-term view, and not the quick and dirty ways to make money. And the best part is that they focus in various sectors so you can have an overall idea of the economy’s performance or even real estate if that’s all you are interested in!
I recommend it highly! Puts such major personal decisions in perspective.
Rating: 5 / 5
No doubt this book could have been an oversized pamphlet or brochure. I have tracked ECRI for a bunch of years and they have made some great calls. Ultimately this book is different from most economic tomes, not nearly as dry as most, shorter in length, but also lacking much meat. It reads as an advertisement for subscribing to their services, just enticing you enough, but not giving away any secrets. That may be for the best, as only statisticians, economists and PH.d’s would really be interested in the minutiae. I hope they keep up their great calls though I was sensing some overconfidence in their abilities, and having worked in the investment business for many years, it seems humility is the best posture, no matter who you are.
Rating: 3 / 5
Lakshman Achuthan and Anirvan Banerji have been answering questions about the business cycles and the Economic Cycle Research Institute’s (ECRI) leading indicators for many years at their discussion forum I moderate at Suite101.com. [http://www.suite101.com/discussion.cfm/investing/37993/1855-1858#message_2]
I can vouch that they called for the 2001 recession before it occurred on CNBC as well as on our very forum. They also correctly called for a slow turn in the economy which is what we have seen. Their most recent accurate prediction was for muted and delayed job growth. Many skeptics called Lakshman and Anirvan of the ECRI crazy for predicting jobs returning. Their skeptics said ECRI was wrong, that nobody can accurately predict the economy and we would fall back into a recession. Sure enough, we have now had several months of good job growth and the economy has continued to improve, at a moderate pace, just as predicted by the gentlemen from ECRI. Just today in answer to a question about a potential real estate bubble they posted:
“The Leading Home Price Index (LHPI) is part of the “economic dashboard” that we present in “Beating the Business Cycle.” The latest readings show the LHPI holding up quite well. The implication is that the home prices are not about to collapse. In fact, they’re more likely to continue to edge up.”
Any book that gives you insight into their “black magic” is a must read for investors as well as anyone who makes decisions based on the future direction of the economy including those contemplating a home purchase!
Kirk Lindstrom
Editor “Investing – Personal Finance” at Suite101.com
Rating: 5 / 5
Look. They got tired of trying to explain to their customers exactly what their products are and how they work, so they wrote a book to educate and sell them. It’s basically a hardback brochure. I’m sure they give it to all their hot prospects. But we the little people get to PAY for it.
There is some useful info on leading indicators but nothing you couldn’t find elsewhere free. And once they teach you which of their magic proprietary indicators to keep an eye on, guess what? You’re supposed to sign up for a subscription to get them, not even the simplest of the data is available free althought the book implies they are.
Booksellers need to stop carrying this kind of ‘gotcha’ book.
Rating: 1 / 5
I was hoping for a lot more on business cycles. Instead it was mostly ‘how great we are’ and ‘here is a little background on this statistic we provide our paying customers.’
These guys may be great, but they did not tell any secrets here.
I hope they write a follow up one that does.
Geoffrey Moore rules!
John Dunbar
Sugar Land, TX
Rating: 3 / 5