We have access to a statistical database that can help you stay ahead of the curve in these volatile times. There are many reasons to watch economic statistics. Like, the business part of the news where they say "Tomorrow's eagerly anticipated Survey of Manufacturers statistics.." and that statistic will influence moves on the market. Do you have to create a barganing agreement with your managment and need to follow the CPI? Are you planning to eye the price agricultural or retail goods at the market? STAT-USA's State of the Nation Library is the place to go.
Stat-USA is a great tool for trade, but it is also a fantastic source of up to the minute statistical releases. http://www.stat-usa.gov/ (requires log on and password, at desk on rolodex) contains the State of the Nation library, or SOTN. I urge you to turn around at the reference desk, reach to the rolodex, and go there. Do it. Do it.
When you log on, click on State Of The Nation. I'll bet my hat that tomorrow's release of the Housing Starts and Building Release Permits will cause the market to sag. You can anticipate these releases and get the scoop on opinions out on news websites before they get released.
Are you curious by nature? Do you realize the Consumer Confidence SurveyTM is based on a representative sample of 5,000 U.S. households? Which households are they? They don't say.. But the monthly survey is conducted for The Conference Board by TNS. TNS is the world’s largest custom research company.
Here is a snippet from the September edition of the Survey: "Shocks, such as the 1987 crash, generally tend to have a temporary adverse effect on confidence, lasting on average two to four months, unless they result in significant job losses. Just as noteworthy, consumers’ assessment of current conditions continues to indicate that the current economic environment remains quite weak.”
The Daily Treasury Statement on October 14th, listed the total public debt at $10,294,405,000,000. Since 30 September 2008, when the debt surpassed $10 trillion, the clock's dollar sign has been replaced by the extra digit. A new clock, enabling the recording of a quadrillion dollars of debt, is expected early 2009. -wikipedia
Scanning the SOTN every now and then adds depth to the news, deepens your understanding of social science literature, and could help you if you craft investments, labor agreements, price goods or services, or do just about anything in business managment.
Technical note: If you click on something with a funky file extension (the 3 letter tag at the end of the file) like .frb or .eta or .slg, just save it in a folder you can locate, like on the desktop. Then open the file. When it says 'windows cannot open the file UCCUREN.ETA To open the file, windows needs to know what program created it.. what do you want to do?" At that point pick the option to select the program from a list. Uncheck the box on the next screen that says "always use this program to open these kinds of files" These are all text files, and can be opened with Word, Notebook, or Wordpad.
Enjoy!
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