Title: The buck starts here : how the Federal Reserve can make or break your financial future /
Authors: Jones, David M.
Publisher: Prentice Hall,
Year: 1995
Subjects: Investments United States; Securities United States; Monetary policy United States.; Fiscal policy United States
Abstract: It is the most important policy-making body in America. It can send markets tumbling or soaring with a single pronouncement, and directly influence the wealth and financial future of every man, woman, and child. Its chairman is arguably the most powerful person in the U.S. economy. For investors riding out the market gyrations of the '90s, the message is clear: understanding and anticipating the actions of the Federal Reserve is critical for investment success. And now, at last, The Buck Starts Here shows you how. Written by America's most-respected Fed watcher, this guide provides practical insight into the workings of the Federal Reserve and its impact on your investments. It takes you inside the world of monetary and fiscal policy-making, and describes the politics that influence every move - from the relationship between the Fed chairman and the president to the impact of federal budget battles on bond investments.
Contents: Section 1. The Economic events that drive returns: How this economic recovery differs and what it means for your investments -- Understanding inflation psychology -- Section 2. What you need to know about Washington's policies and politics: How the budget battles influence your bond investments -- Using Federal Reserve policy to guide investments -- Evaluating the relationship between the Chairman and the President -- Section 3. Profiting from the opening of the financial markets: Identifying your best investment options among many -- The eclipse of bank CDs -- Reaping rewards (or cutting your losses) from exchange rate fluctuations -- Section 4. Managing your investments successfully: Cashing in on the explosion in mutual funds -- Making derivatives work for you (instead of against you) -- The four cardinal rules for savvy investing -- How the Federal Reserve can make your financial future.