Here is a book that seems to be a practical one to follow the economic indicators: The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities by Bernard Baumohl (Wharton School Publishing, 2004).
An excerpt from the review to tease you into following the link to read more.
“Nearly half the earnings of the S&P 500 firms come from business generated outside the U.S. More than 22 million American workers—nearly two in ten jobs—are linked to foreign trade. One out of every four dollars generated in the U.S. economy is based on trade. What this all boils down to is that foreign economic indicators should be followed with the same regularity, interest, and scrutiny as the domestic indicators.”
Lyrics from the musical Cabaret come to mind: "Money makes the world go round..."
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