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Mr.Cescenzi opens your eyes to the psycology of those that sell bonds and the importance of bonds in your own personal portfolio.
Since I am an author of Futures/Commodities books and an investor in Bond Futures, I read this book to enhance my knowledge of bonds and to take advantage of the bond trading pits in Chicago.
I believe that's the only failure of the book. He discusses that there are no centralized exchanges for bonds and grossly neglects that many bonds have a futures component and are traded for only a fraction of their face value.
All in all this is a great resource book and should be seriously considered for those investors that are tired of being abused by the stock market.
However, as the "Strategic Bond Investor" makes clear, it is imperative to become familiar with bond market dynamics to understand how and why interest rates are set, which in turn affects the economy and the stock market. The book does a wonderful job of laying bare the intricacies of the bond market, at the same time stays away from the more technical aspects. The writing style is very engaging, and the content is very organized. The discussion on Bond Types - how big various types of bond markets are and how they got that way, is fascinating. So are practioner-oriented "rules of thumb" permeating several chapters. Chapter on "real yields" was a bit confusing (when inflation is expected to go up or down, why do real yields move as opposed to "expected inflation"?) I initially felt the visual presentation (charts, graphs, tables etc) was somewhat limited, but as the book progressed, it seemed to be just the right amount, and contained a lot of high impact information. There is a good appendix containing a primer on economic indicators. With this, you'd be better able to judge the reaction of the market to CPI, employment, consumer sentiment, etc., etc.
The book seemed somewhat repetitive at places, but still read well. With this book, one should be able to answer: (1) How can bonds be expected to perform given the current economic information, market sentiment, etc. (2) what types of bonds can be expected to do better? I highly recommend the book for purchase. Another great book for the bond investor would be William Gross's "Everything You've Heard About Investing is Wrong!"
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He also looks at urban planning solutions, and shows that some gains might occur from increasing housing densities from very low to low or moderate, but most other solutions have little effect.
Finally, the most powerful solutions, including higher gasoline taxes, increased public funding for transit, and tolling on highways are also the least palatable politically.
Downs, an economist, is strong on the economic aspects of transportation, and has a good grasp on the planning issues. The book does not cover any of the engineering details of possible schemes.
Overall, an clearly written and strongly argued book.
Jim Mars School of Urban and Regional Planning Ryerson Polytechnic University Toronto, Ontario, CANADA
Sincerily, Johnny Wilson
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I especially enjoyed the way the reader is brought into these conversations, repeatedly referred to as "the eavesdropper" for whose benefit all of this information is being conveyed. It truly makes one feel as if they are a part of the entire scenario and is a refreshing and ingenious approach.
The information passed along spans an enormous amount of knowledge, and it is presented with such a clarity and depth of subject that one is driven to contemplate and reread the pages for days. Questions which have crossed every mind in relation to man's situation with God, the world and Nature find recognizably truthful and awe-inspiring answers which seem to reverberate throughout one's being as undeniable truths. I highly recommend this book to everyone-whether of a spiritual bent or just curious and searching for something that makes it all seem to just make more sense. Just in the way the book is presented, as a conversation with a very knowledgable angel, makes it enjoyable and interesting. It is both joyously uplifting and deeply profound and is much more of an experience than it is just reading a book.
Messages from angels, spirits, and galactic aliens are being published with increasing frequency these days as we approach the Third Millennium. And sometimes, ratherthan acting as a blind channel for proclamations of wisdom or prophecies of doom, an intermediary will question his source directly and be rewarded by responses of more astute relevance. But rarely amid the current flurry of communiques from the Other Side does one encounter anything that comes close to intelligent and intimate conversation. Whomever, or whatever, these Beings are, and wherever they come from,you suspect that they would not be treated as welcome strangers at a company lunch, even if they WERE visible. But after reading "Sword in the Sun", I would certainly welcome its author, Anthony Duncan, to lunch, even if the appearance of his angel could not be guaranteed.
Before he retired to the splendid (relative)isolation of Northumberland, a gray stone's throw from his native Scotland, Duncan was a parish priest for thirty years, an occasional exorcist, and Honorary Canon of Newscastle Cathedral. "Sword In The Sun: Dialogue With An Angel" was the second and most extraordinary of five books he wrote during the early 1970s "within the context of a profound inner compulsion". He had just passed his fortieth birthday. It is a record of experiences he had over the course of several weeks, often seated in his study, in the presence of his "guardian angel" who, from the outset, encouraged him to write their conversations down so that others, sooner or later, could "eavesdrop".
What transpires is a grand journey full of surprises, subtle and huge; from dark mossy bog and bright Highland hill to the far-flung and horizonless corners of the mental world and back again, much as they have been seen and inwardly understood by the keenest and most sensitive of British folk -- poets or mystics, artists or vicars, warlocks or warriors -- down through the centuries and back again. Always coming back to the Presence, which is always, and usually in a small churchyard amid tombs and gardens, or in a spring breeze that sings among stones on moorland.. hymns that plunge and rise again, from sorrow to ecstatic union: a bliss, clothed in glories which may be Christian, with integral trimmings of high Pagan delight, but which enfold an essence that is irresistably inclusive and universal.
Yet "The Sword" is a small book, and modest. In some ways it is like an updated and revised version of Revelations for children. Even Pan, arch-deva of the animal realm, drops by to chat. Although what Pan says, and how the Qabala is unveiled by the angel, (along with some profound basics about chakras and reincarnation), seems slightly beyond the comprehension of an average toddler, never mind an educated theologian!
In other words, it is a soul-stirring book for all ages,in more ways than one, and perhaps will be understood best by those who have not been entrained by dogmas, churchly or alienesque. And for those who like good poetry -- because there's more than a touch of the laureate friar in Duncan as well as visionary bard of the heathery glen -- this book will shine like an amethyst at dawn. Review by Rab Wilki
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The people of Australia are today proud of this building, but it is only a shadow of what Utzon had in mind. Ah well, its only money!
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These ideas are presented in a beautifully written, thought provoking and spiritually oriented way which I think will touch many people in many ways. I recommend this book to the layman who has no previous religious training, as well as to the clergy who ministers to a congregation. I would think that it should be a welcome addition to the bookshelf in every theological seminary's library!
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This book is clear to understand these principles.
Breathing exercises are minor issues and it wouldn't teach you to places the "three fingers in the mouth looking into the mirror" rule which I've come across in other publications.
There are versions for Soprano and Baritone. And if you are luckly enough to get a hold on any, you've been blessed to venture the world of the Bel Canto.