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Title: Beating the Business Cycle by LAKSHMAN ACHUTHAN, ANIRVAN BANERJI ISBN: 0-385-50953-7 Publisher: Doubleday Pub. Date: 18 May, 2004 Format: Hardcover Volumes: 1 List Price(USD): $24.95 |
Average Customer Rating: 4.43 (7 reviews)
Rating: 5
Summary: These Guys Have a Great Record!
Comment: 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
Summary: When to make major household decisions
Comment: 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: 1
Summary: A Great Disappointment...
Comment: Lacking details and substance, this book is a puff piece that leads you to the authors subscription website.
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