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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 anyone can predict and profit from the
inevitable booms and busts of the economy.
Why should we believe them? Because while so many economists and
financial gurus have failed to predict recessions in the past,
ECRI’s forecasts are known for being uncannily accurate. The
institute successfully predicted the U.S. recession of 2001 many
months before the economists did; the 1990 recession and later
recovery; and most recently, the weak U.S. recovery in 2002. ECRI
is in constant demand by corporate America and the media. It is the
“secret weapon” of companies from Disney to DuPont, the major
fund managers, and many central banks.
Beating the Business Cycle is the first book to reveal how
decision makers at all levels—managers, small business owners,
and individuals—can see into the economy’s future when making
key decisions. Should a large company search out new clients and
build new factories or stores, or should it consider cost cutting
and layoffs? Is it the right time for you to splurge on that luxury
vacation or addition to your house, or would it be more prudent to
cut back on big expenditures and save money for a rainy day?
Written in an easy-to-understand, accessible style, Beating the
Business Cycle takes the guesswork out of deciding which of the
hundreds of economic indicators to trust and which ones to trash.
It will give you the tools and confidence you need to make the
right decisions at the right times—even when the rest of the
investing and business world would persuade you otherwise. Whether
you are a corporate manager or the owner of a small business,
whether you have your money invested in stocks or in your home,
Beating the Business Cycle will give you the edge you need
to trump the competition and stay ahead of the crowd.
Advertising literature sold as a book.Reviewed by Shock Writer, 2009-02-18
This is a good book though it repeats itself and does not go very deep. It tells which of their main indicators to watch but does not give away much of the secret to their system. WWW.businesscycle.com is the company that this book promotes.
This book is a commercialReviewed by citruschill, 2009-02-15
Agreed that they may have a great record in forecasting business cycles, but when i buy a book that is titled "how to predict and profit from turning points in the business cycle", i expect more in answers than them just telling me to follow their indicators. Outrageous that they make people pay for the book. book is very light on the chest.
What are they doing writing books??Reviewed by Yours Truly, 2009-02-03
Authors seems to know their subject well and have looked up the
concept of Leading Indicators well. Combine that with a good
marketing idea. So that you have to buy their book to find out that
you need to subscribe to their website to get the information. And
even to find out how much the subscription is you'll have to send
them an email.
I wonder why their names do not appear next to Warren Buffet's if
their snake oil is so good...
They must be sure laughing to their bank off those who are paying
up...
How to use our proprietary indicators to beat the business cycleReviewed by Neil F. Sambol, 2008-05-05
There is nothing new or interesting in this book that other books
will not give you. I agree with other reviewers, this is basically
an expensive marketing brochure for their paid ECRI services.
There is almost no meaningful content in this book. Since I do not
intend to subscribe to their service, this book is worthless to
me.
Anyone want a slightly use copy? I plan to re-sell it on Amazon
soon...
No explanation of business cyclesReviewed by Example: Mark Twain, 2008-02-15
I bought this book assuming I would learn tools and techniques to
do my own forecasting, and really hoped it would delve into the
details of how individual business sectors fare relative to each
other throughout the cycle.
None of the above is included in the book. There's plenty of
examples showing how a proprietary ECRI indicator made an accurate
call at just the right time. They don't give any details of how
that indicator is calculated. Initially this was very frustrating
and I kept reading, thinking they'd eventually get to the details.
Toward the end of the book I realized the book is actually an
advertisement for their subscription forecasting services. I should
have read these reviews and I'd have saved time and money by not
buying this book.
I must commend them for coming up with this innovative marketing
approach of writing a book that's really an advertisement. Their
subscription service is very expensive so they can afford to sell
the book cheap. Lots of people buy the book becasue it's cheap, and
that brings in a few more customers for the real product.