Amex's guide to investors

Amex's guide to investors

JAKARTA (JP): American Express Bank Ltd. (Amex) launched here a book entitled Pocket Guide to Economics for the Global Investor to provide an easy-to read, yet comprehensive guide to the economic process and policies driving markets.

"Cross border portfolio flows is one of the fastest growing areas of finance," the book's author, Amex's chief economist and Strategist John Calverley, noted at the book launching on Tuesday afternoon.

Calverley said over time stocks tend to outperform bonds and both do better than deposits, arguing that the trend reflects the historical correlation between risk and reward.

The 211-pocket guidebook contains general information on economic growth, inflation and unemployment, business cycles, fiscal policy, theories of investment, currency, bond, stock and commodity markets. (vin)