Is subscribing to The Economist worth it?
My buddy told me all their articles can be found on their website for free. I find this extremely unlikely, but since I don't have a subscription, I'm having trouble verifying this. Is this true?
Other than convenience of reading it on my ios devices (aside: do they have an Android app?), is there any benefit to subscribing?
Being more informed than the bottom 95% of humanity is a fairly good reason to subscribe.
Also, because what they say really does matter. Similar to reading sell side research to get a sense of what some market participants are thinking/what's been priced in, regardless of whether or not you agree with said sell side research.
They give a good amount of content available for free online (they have some great bloggers I'd recommend following), but you need to subscribe to access the full issues.
Would also add: It's a great downtime killer in the face time-y world of Investment Banking (ESPN can conduct so many two-and-a-half hour interviews with Manti Te'o to keep you entertained in between turns).
I got it for free with flyer miles and have been pleasantly surprised with the content. It's definitely worth the read. Plus, I'm fairly certain it is pretty cheap.
Yes, read it. You'll be amazed how much goes on in the world.
They do have an android app: http://www.economist.com/digital
Also they have an academic rate for those still in school: http://www.economist.com/help/specialsubscription#academic
It's a good read. Pricey though because of the demographic they target.
After you subscribe the first time, it becomes very cheap. I used to have it and didn't re-subscribe; now they always send me flyers for a year subscript. for like $30.
It's always good stuff, very political though.
definitely worth the investment. they're still struggling at the newsstand and as a result, in order to keep rate base, are offering pretty low subscriptions (I got mine two years in a row at $52 for the year). plus they have the website and the apple app. i use the app a ton. you can download the entire issue in audio version and have it read to you. i read what i want to of it on the weekend and then listen to the rest at my desk. good stuff
Worth it
Most articles online are not available without a subscription - subscribe it is definitley worth it.
yes
Alternative to the Economist (Originally Posted: 09/15/2013)
I subscribed to the Economist a little while ago and I'm finding that it is not what I have been expecting at all. For example, the "Finance & Economics" section of the latest issue was only 5 pages long. I find some of the stuff in the science and arts sections passable and the United States section is pretty relevant but for the most part the thing is too international. By that I mean far more than half the magazine is focused on political issues in other countries that I really don't find too relevant or interesting.
Now I get it, economics is global blah blah but I'm looking for something a little more immersive in domestic issues, and something with some more focus on actual finance and economics. Any suggestions for weekly readings?
I don't know about the alternatives, but I got to agree with you regarding Economist - I'm very dissapointed - the international stories are so biased and see-through that it discusts me. I really expected more.
businessweek?
Institutional Investor
Forbes
Wall Street Journal, and maybe NYTimes (you can also subscribe to only weekend/Sunday edition).
If you're looking for a true weekly alternative to the Economist, there is none. One of the best things about the Economist is that while the Finance & Economics section is usually fairly short, it focuses on more long-term developments and issues in the field. For more short-term issues, you'll notice that all the rest of the newspaper tends to give more weight to the economic/finance side of every question. The special reports, Tech Quarterly, and The World issues do as well.The Economist also tends to not make the same mistakes of financial and economic ignorance as other papers do.
The key is to recognize that economics is best understood in real-world context; let the small finance & econ section deal with the theory.
Agreed.
On the other hand, for the OP, if you're looking for finance (short-term news, market movements, etc) focused new, can consider Financial Times, Bloomberg and Wall Street Journal. I must say websites rather than newspapers do a better job at summarizing such information, for e.g. Seeking Alpha, Briefing, etc.
Institutional Investor might be a good choice as Red Barchetta pointed out if you look for some high end stuff. Other than that not much substitutes since Forbes and Harvard Business Review are of a different nature.
Barron's. But keep reading the Economist anyways. You'll be better for it.
"Alphaville" in the Financial Times. Best finance and economics reading, by far, of any mainstream news source I've ever read. Bloomberg View is pretty decent too.
Check out project syndicate. Not exactly a substitute for the Economist but there's some high quality content on there. Best of all, it's free.
thanks a lot everyone i'm going to look into all of these
The Journal, Bloomberg and Financial Times. Any more than that is information overload.
Reading "the economist" first time help (Originally Posted: 11/21/2010)
Hi, I'm new to the world of finance and while I was reading the economist I came upon a phrase I did not know. What does it mean "The yield on Ireland's ten-year governmental bond vaulted towards 9% on Nov. 10, 6.2 % points above the yield on safe German Bunds; Portugal's topped 7%."
ps. how long does it take you guys to read the economist?
~3 days
yield = coupon / price
that means irelands bond went down in value
coupon = the % per year(generally) you will get
not gunna lie im bad at fixed income so that is prob wrong
Hahahaha! Dude you kill me.
But yeah, that means Ireland's bonds dropped in price.
At the most basic level: You just need to remember that riskier bonds give higher yields because investors need to be incentivized to take on the greater risk of default. Thus, the high yield (9%) of Ireland's bonds vs. the low yield of Germany's (2.8%) shows that Ireland would be much more likely to default compared to it's continental counterpart. Portugal (7% +) is thrown in there as another reference point and they're not in great shape either.
is there some way to get coupon and price out of yield if you only know yield ?
The yield is how much you will get as a percent of how much you payed. The point of this statement is that since Ireland is a risky country to invest in right now their bond yields, how much they have to pay to entice people to lend to the government, are skyrocketing. They subtract the value from the German bonds because that shows what lending rates are like for a really safe currency; this drives home the point that Irish bonds are not just skyrocketing because credit is tight.
Well face value is usually set at some normal level because the government issues a ton at a time. But you can't get coupon and price out of yield without knowing one or the other. Way to think about it I think is 2/3 could be 6/9 or 12/18 or any infinite number of things that equal 2/3 - Same with what you're talking about.
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