Best data source?

[murray t turtle]

Quote from mags29464:

I know a bloomberg terminal is most likely the best data source but Im not prepared to spend 2gs a month for one. What is the second best way to get data. Im a macro guy so a macro oriented data source would be preferred but the bottom line is detail. is anything comparable to the bloomberg terminal?

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Best isnt Bloomberg, even though thier business news maybe best?? Best is to focus on a few stocks, commodities;
studya lot sure,,but keep/write your own numbers.

In other words get your hands dirty. ;
good way to learn/ recognize errors in data, which occur.

Wisdom is profitable to direct.

 

[Jack_Larkin]

Quote from mags29464:

This is really what im looking for. Im not a scalper or day trader so I dont need access to deep stoick data or fast quotes. Ive lve already had iqfeed and such. Im into macro ideas. I need things like european bond rates and gdp. gdp deflator ,savings rate, money supply, etc.

is bloomberg the only data provider that offers this type of data?

http://fxtrade.oanda.ca/analysis/economic-indicators/

 

[mags29464]

Quote from murray t turtle:

================
Best isnt Bloomberg, even though thier business news maybe best?? Best is to focus on a few stocks, commodities;
studya lot sure,,but keep/write your own numbers.

In other words get your hands dirty. ;
good way to learn/ recognize errors in data, which occur.

Wisdom is profitable to direct.

appearently you believe im looking for strategy while im actually looking for data. im not a trader, im a fundamental macro investor.

 

[mags29464]

Quote from Jack_Larkin:

http://fxtrade.oanda.ca/analysis/economic-indicators/

Thanks that was along the lines of what I was looking for...

 

[FrankSlaughtery]

http://www.forexfactory.com/ is a great site for global econ numbers. in the upper right hand corner click on the "filter" button and select the currency you want and you have all of the upcoming econ numbers in one place - for free!

 

[trend2009]

i recommend http://www.pitrading.com. i bought a few times from them. cheap and accurate.

Quote from mags29464:

I know a bloomberg terminal is most likely the best data source but Im not prepared to spend 2gs a month for one. What is the second best way to get data. Im a macro guy so a macro oriented data source would be preferred but the bottom line is detail. is anything comparable to the bloomberg terminal?

 

[WinstonTJ]

There have been blogs and articles out there for years that pitch free "Bloomberg killers" or similar. You can get/access the same information (or most of it at least) for free or cheap if you know what to do and where to look.

The biggest thing that Bloomberg offers (which is worth every penny btw) is an all-in-one solution. Everything from the integrated network for a one-stop data/news solution to the networking of IM/emails and research, etc. it's just the standard for an all-in-one solution.

You need to pay fees for realtime data either way but outside that there are sites to go to for news events, rrs feeds, economic numbers, etc.

 

[mags29464]

Quote from WinstonTJ:

There have been blogs and articles out there for years that pitch free "Bloomberg killers" or similar. You can get/access the same information (or most of it at least) for free or cheap if you know what to do and where to look.

The biggest thing that Bloomberg offers (which is worth every penny btw) is an all-in-one solution. Everything from the integrated network for a one-stop data/news solution to the networking of IM/emails and research, etc. it's just the standard for an all-in-one solution.

You need to pay fees for realtime data either way but outside that there are sites to go to for news events, rrs feeds, economic numbers, etc.

your absolutely correct. I still would love to have a bloomberg terminal dispite the availability of the info in other places. right now Im starting a new venture and dont wanna run up expenses with a bloomberg.

 

[FrankSlaughtery]

another thing to remember w/ bbg is that you sign a two year subscription agreement - you can't just suck it up, pay for whatever months you want and then stop. so you're not just committing to $2k - you're committing to minimum $48k (well you can break the contract by paying 50% of the remaining amount owed but still).

bottom line - be positive you want/need a bbg before signing the contract. obviously you'd take the free trial first but everyone who does this usually ends up getting it b/c once they start using bbg they can't stop!

 

[zeta34]

If you really b*tch and moan to Bloomberg, they will cut the lock-in period to a year...although you're still committing nearly $48k to the service.