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