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Beating the Business Cycle. How to Predict & Profit from Turning Points in Economy by Lakshman Achuthan
Beating the Business Cycle. How to Predict & Profit from Turning Points in Economy by Lakshman Achuthan
Forex Trading – Foreign Exchange Course
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Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.
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.
About Author
Lakshman Achuthan
Lakshman Achuthan is the co-founder of ECRI, the Economic Cycle Research Institute. He also serves as the managing editor of ECRI-produced forecasting publications. Over nearly 30 years of analyzing business cycles, he has been regularly featured in the business and financial media, and as an invited speaker at a number of conferences. In 2004, he co-authored Beating the Business Cycle: How to Predict and Profit from Turning Points in the Economy.
Achuthan met his mentor, Geoffrey H. Moore, in 1990 and was immediately fascinated by Moore’s unique approach to analyzing business cycles. After working together for years, with co-founder Anirvan Banerji, the three left Columbia University to start ECRI in 1996.
Achuthan serves on the Board of Governors for the Levy Economics Institute of Bard College, and as a trustee for several foundations.
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