Download - Global Outlook September 2011
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Global Outlook
September 2011
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Beech Island South Carolina
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Industrial Pipes
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Federal ReserveThere are significant
downside risks to the economic
outlook, including strains in global financial markets
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What the Economy LacksJobs
Confidence
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U.S. Economy: Employment
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16-19
20-24
25-54
55+
65+
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Monetary Base Growth
USA
Japan
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Double Dip?External
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Save the Euro?
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Unit Labor Costs
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What to Do?Restructure
Breakup
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Breakup Euro?
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China: Inflation
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House Prices for Asian Cities
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Gov’t PoliciesPurchase
RestrictionsProperty TaxesHigher Interest
Rates
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Double Dip?Internal
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Real Estate Dip?
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Upside Upside Down Mortgages
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Troubled Mortgages
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Refinancing Hard To DoBuy Back Bad Loans
Higher FeesSecond Mortgages
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Mortgage Originations by Investors
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Drag fromGov’ts
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Fiscal Drag from Federal, State, Local Gov’ts
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Brinkmanship
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Deficit UnderstatedInterest Rate
Economic GrowthHealthcare
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Federal Debt as % of GDP
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Higher Taxes
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Tax the Rich?
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More Stimulus?Poorly TargetedRicardian Equiv.
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Operation Twist?
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Earnings Forecasts for 2012
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ConclusionsLost Decade?Market Share
Asia
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