Summary of The Leading Indicators
From THE LEADING INDICATORS: A SHORT HISTORY OF THE NUMBERS THAT RULE OUR WORLD by Zachary Karabell. Copyright © 2014 by Zachary Karabell. Reprinted by permission of Simon & Schuster, Inc.
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Financier Zachary Karabell explains that people rely on the leading economic indicators for accurate information. But what do they convey? Where did they come from? Are the statistics keeping up as times change? Karabell offers mixed answers in this plain-English primer about the numbers that rule peoples’ and states’ economic lives. He covers their relevance, weaknesses and limits. For instance, he notes that trade statistics reflect only the end-stage manufacturing location, seriously distorting trade balances. Karabell also offers intriguing ideas for improving these crucial indicators.
About the Author
Zachary Karabell heads global strategy at Envestnet. He’s president of River Twice Research and River Twice Capital Advisors, and the author of 12 books and a weekly column, “The Edgy Optimist.”