U.S. Economic Reports

Investors and traders have access to more financial information than ever before in history. Unfortunately, much of this financial information has little value and may even be harmful to traders. Popular cable programs like CNBC and Bloomberg use financial markets as content for hours and hours of speculations about market conditions to sell advertising. Financial gurus are invited to argue their opinion of financial markets, often with another financial guru taking the opposite view which makes drawing a conclusion impossible and a waste of time. Cable financial news networks broadcast more than 12 hours of "financial news" every day to generate maximum advertising revenues for their network. This in itself subordinates the needs for investors and traders making it necessary to at least filter the content of these media outlets.

 

Financial news media would be reduced to just a few minutes per day if they only reported economic facts. This would serve investors and traders well but eliminate the lucrative advertising revenue that 24 hours of finacial programming generates for media outlets. The best financial decisions by investors and traders are made with economic reports that are mostly intuitive. Most economic reports are reported as a number or percentage which shows improvement or deterioration in economic condition as compared to the last reporting. For example, rising unemployment and falling durable goods orders says more about the economy than an entire week of listening to all of the financial news networks combined. Knowing real economic news through economic reports will make you more likely to be right about the financial markets for your own financial well being.