New Books on Finance at the Ann Arbor District Library

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Ever wanted to go short on certain currencies, go long on various commodities and make bets on specific subsectors of foreign markets but don’t have $5 or $10 million to lay out? The ETF Book All-New Updated Edition by Richard Ferri is an excellent guide to Exchange-Traded Funds. ETFs can be used by individual (read—small) investors as highly specialized precision investment instruments.

How the Global Financial Markets Really Work by Alexander Davidson is a new, comprehensive look at international investment and money flows with a special assessment of 2009’s worldwide financial crisis. Clocking in at 244 pages, it covers in simple concise language commercial banking practices (with a special look at the Icelandic banks which had a hyper meltdown), shadow banking, central banks, the US Federal Reserve, the European Central Bank, world stock markets, money markets, investment banking and credit derivatives.

Getting Started in Investment Analysis written by Six Sigma guru Warren Brussee is a primer in critically judging the quality of stock or investment data, using graphs and looking for correlations and finally simple quantitative data analysis utilizing MS Excel and high school math (in other words, you don’t need to be a rocket scientist for this book to be useful).