2011 outlook

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Presentation of Charter Trust's investment outlook for 2011.

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2011 outlook

  1. 1. Charter Trust Company<br />2011 Economic Outlook: <br />A Global Symphony<br />
  2. 2. The Economyis preparing to take off<br />
  3. 3. We’re out of the battle.<br />
  4. 4. And moving into the … ?<br />
  5. 5. Positives:<br />
  6. 6. Positives:<br />Profits<br />
  7. 7. Positives:<br />Profits<br />Productivity<br />
  8. 8. Positives:<br />Profits<br />Productivity<br />Policy<br />
  9. 9. The result has been a record level of corporate cash<br />
  10. 10. Downers<br />
  11. 11. Downers<br />Debt<br />
  12. 12. Downers<br />Debt<br />Deflation<br />
  13. 13. Downers<br />Debt<br />Deflation<br />Depression<br />
  14. 14. With the D’s and the P’s at odds:<br />
  15. 15. With the D’s and the P’s at odds:<br />Volatility<br />S&P 500 Index 2000-2010<br />
  16. 16. With the D’s and the P’s at odds:<br />Volatility<br />Crises<br />S&P 500 Index 2000-2010<br />
  17. 17. With the D’s and the P’s at odds:<br />Volatility<br />Crisis<br />Danger<br />Opportunity<br />
  18. 18. Equities – Volatility<br />
  19. 19. Equities – Volatility<br />MSCI Index 1985 - 2010<br />
  20. 20. Emerging Market Growth<br />
  21. 21. Emerging Market Growth<br />China: Three Gorges Dam<br />Brazil: Bovespa Index<br />
  22. 22. US Market:<br />
  23. 23. US Market: Growth<br />US Gross Domestic Product<br />
  24. 24. European Market:<br />
  25. 25. European Market: Volatility<br />
  26. 26. European Market: Volatility<br />Germany: Strong<br />Netherlands: Strong<br />France: Moderate<br />Italy: Moderate<br />Finland: Moderate<br />Spain: Weak<br />Portugal: Weak<br />Ireland: Weak<br />Greece: Crisis<br />
  27. 27. Bonds:<br />
  28. 28. Bonds: Danger<br />
  29. 29. Short rates are stuck.<br />
  30. 30. Long rates are too low.<br />
  31. 31. Rates will rise, we just don’t know when.<br />
  32. 32. Decoupling is over<br />
  33. 33. The World Economy Is One<br />
  34. 34. “We must hang together, or we will hang separately.”<br />
  35. 35. BRIC Growth<br />
  36. 36. Triad Stability<br />US<br />Eurozone<br />Japan<br />Together: 60% of World Economy<br />
  37. 37. Global progress<br />

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