Summary: USA continues to face many challenges including high inflation. USA household continue to pile on the debt USA continues to be a world leader in LNG exports USA appears to be a recession due to two consecutive quarters of negative growth

1. KEY PERFORMANCE
INDICATORS FOR
THE UNITED STATES
– MAY 2022 AND
JUNE 2022
Paul Young CPA CGA
July 29, 2022

2. PAUL YOUNG - BIO
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@hotmail.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Twitter: https://twitter.com/paulyoungcpa
Youtube - https://www.youtube.com/user/youngercga1968/videos

3. AGENDA
• KPI (Macro and Micro Indicators
• USA GDP
• Analysis of Durable Goods
• Retail Sales / USA
• CPI – Inflation
• USA Employment
• Merchandise Trade
• Stock Market
• Wage Growth Analysis
• Housing Market – USA
• Fiscal Update / CBO
• USA Border / Texas
• USA Income
• Housing
• Summary

4. KEY MACRO AND MICRO INDICATORS
FOR THE UNITED STATES

5. JUNE 2022 – GDP
U.S. Economy
Contracts Again.pdf
GDP and USA -
2Q22.pdf

6. USA GDP
Source - https://www.bea.gov/news/2021/gross-domestic-product-state-4th-
quarter-2020-and-annual-2020-preliminary

7. USA GDP
Source -
https://www.bea.gov/n
ews/2021/gross-
domestic-product-
state-4th-quarter-
2020-and-annual-
2020-preliminary

8. USA VS CANADA – RETAIL SALES
BMO -
https://economics.bmo.com/en/publications/detail
/b7e404f1-97b4-430e-aa03-0ee1fd85d38e/
BMO -
https://economics.bmo.com/en/publications/detail/b14
8a2f2-9ecd-462b-819b-7abf2bd775f9/
U.S. Retail Sales Not
'Materially' Strong.pdf
Canadian Retail Sales
(May) — Price Hike in Aisle 1.pdf

9. DURABLE GOODS / KEY AREAS – USA
Source - https://www.census.gov/economic-indicators/index.php
USA Durable
Goods.pdf

10. USA DURABLE GOODS
Source - https://economics.bmo.com/en/publications/detail/babe62c0-e6e2-43af-b1fa-
afd3e8e85b00/
New Orders Surprise.
Will it be Durable .pdf

11. OECD AND INFLATION

12. BMO – CONSUMER PRICE INDEX
Source – BMO - https://economics.bmo.com/en/publications/detail/c8a3a857-a963-
4582-8aa6-2e730b652b2c/
Source –
https://economics.bmo.com/en/publications/detail/73bff
f0d-5833-4e0d-bf16-70dcd961be68/
CPI = Cannonading
Price Increases.pdf
U.S. CPI Just Keeps
on Peaking.pdf
CPI Behind the 8.1
Ball.pdf

13. USA VS CANADA EMPLOYMENT
U.S. Payrolls Still
Popping.pdf
June Jobs Jumble.pdf

14. NET NEW JOBS – UNITED STATES
Source - https://www.bls.gov/news.release/empsit.nr0.htm#
PRESENTATION TITLE 14
Employment - USA -
May 2022.pdf
Labour Market - USA
- June 2022.pdf

15. TOTAL USA EMPLOYMENT
Source - https://www.bls.gov/news.release/empsit.nr0.htm#

16. TRADE ANALYSIS
- USA
https://www.census.gov/for
eign-trade/data/index.html
Merchandise Trade -
USA.pdf

17. COUNTRY /
TRADE – USA
Source – USA government

18. COUNTRY /
TRADE – USA
Source – USA government

19. TRADE ANALYSIS - USA
Source - https://www.census.gov/foreign-trade/data/index.html

20. CHINA AND USA TRADE

21. SUMMARY
PRESENTATION TITLE 21
Summary
• Concerns over housing debt and affordable housing are driving down markets
• Access to critical metals has become a growing concerns for countries trying to shift to cleaner economic policies
• Lack of focus on systemic issues with inflation
• Supply chain disruptions continue to plague global supply chains
• High inflation is challenge for global central banks
• Threat of recession continues to rise each week
• Bear market could lead to issues with pension solvency
Blog – Stock Market WE July 22, 2022
These Tech
Advancements Will Help You Take Your Business to the Next Level - EnosTech.com.pdf
Stock Market Rises In
Constructive Session; Tesla Nears Three-Week High Investor's Business Daily.pdf
Nvidia (NVDA)
Outpaces Stock Market Gains What You Should Know Nasdaq.pdf
Global Forecast -
BNS - 20222207.pdf
China's GDP expands
2.5_ in H1 - CGTN.pdf
China GDP Slows to
.4_, What Does that Mean for Future Demand AgWeb.pdf
Recession Now
Appears the Price to Pay for Beating Inflation.pdf
Strong US Dollar,
Trade Gap, Worse Inflation Globally - Bloomberg.pdf
Russia Is Working to
Create Own Price Benchmarks for Commodities - BNN Bloomberg.pdf
The commodity
supercycle is already crashing, blunting Canada’s growth and bruising the TSX - The Globe and Mail.pdf
The Unassuming
Economist Housing Market in Singapore.pdf
The State of Global
GHG Scope 3 Reporting - ESG Enterprise.pdf
Accounting industry
resilient, surpasses pre-pandemic levels StatCan.pdf
Europe's Disarray
Affects The US Economy And Geopolitics - An Opportunity In Peace Seeking Alpha.pdf
The world isn't ready
for the looming emerging-market debt crisis - Atlantic Council.pdf
Robert Lighthizer Has
a Protectionist’s Blind Spot - WSJ.pdf
India on course to
become world's fastest-growing economy, says RBI Reuters.pdf
How circular
materials can support the net-zero agenda McKinsey.pdf
Top Technology
Trends 2022 Mytechblog - My Tech Blog.pdf
US and 17 Allies
Attack Supply Chain Disruption, Sustainable Materials – Sourcing Journal.pdf
WestpacWeekly.pdf Global Forecast -
BNS - 20222207.pdf
economic-news-retail
-sales.pdf
monthly-economic-m
onitor.pdf
Lithium Americas
marks opening of lithium technical development center in Nevada - Canadian Manufacturing.pdf
Entreprendre
Sherbrooke receives over $450K from federal government - Canadian Manufacturing.pdf
Federal government
invests in supply chain capacity at Edmonton airport - Canadian Manufacturing.pdf
National retail sales
rose 2.2 per cent in May 2022 - Canadian Manufacturing.pdf
Federal government
invests over $2.5M in cleantech companies in southern Ont. - Canadian Manufacturing.pdf
Digital doubles In the
future, virtual versions of ourselves could predict our behaviour - Canadian Manufacturing.pdf
Economic
Indicators.pdf
weekly-economic-wat
ch.pdf
weekly-us-rec-dashb
oard.pdf
boc-policy-monitor.p
df
CFO to CEO Lean Into
the Unfamiliar.pdf
Bear in Mind.pdf
https://economics.bmo.com/en/publications/detail/fbfa4fe2-8827-4a68-801b-798c27b43167/
Summary:
U.S. stocks sank on Friday, dragged down by tech as social media weighed on the sector, but the
three major indexes closed out gains for the week.
At 4:08 PM ET, the Dow Jones Industrial Average was down 137 points, or 0.4%, while the
S&P 500 was down 0.9%, and the NASDAQ Composite fell 1.9%.

22. CANADA AND STOCK MARKET
PRESENTATION TITLE 22
Bear in Mind.pdf

23. UNITED STATES – STOCK MARKET
PRESENTATION TITLE 23
Bear in Mind.pdf

24. CBO – REPORT – JUNE 2022
Source – CBO
CBO- Fiscal
Management.pdf

25. GDP AND BUDGET BALANCES
Source – USA Government

26. CORPORATE TAX AND THE UNITED STATES
Pillar 1 involves reallocation of profit and revised nexus rules and is concerned with what portion of profits should be taxed in the jurisdictions where clients or
users are located. Pillar Two contains an anti-base erosion mechanism to ensure that multinational enterprises pay a minimum level of tax.
“Pillar 2 will expand the taxable revenue collected globally from corporations by implementing a global minimum tax,” said Dicker. “They’re talking about a
minimum rate of 15%. The exact rate has not been decided yet. If a country where the effective tax rate is below 15%, then the home country where the
company is located can tax on the difference. For example, if a U.S. multinational is taxed in Ireland at 12%, then the U.S. can impose a tax to bring that
company up to the global rate. For any country that has a rate below15 %, the choice is to raise their rate or forgo the tax revenue and hand it over to the parent
to the parent country. Companies will be paying the same rate; it’s just a question of where they will pay it.”
Here is my updated work on the Office of Finance as it relates to audit, reporting challenges, managing the accounting standards, and other aspects of the
close, consolidate, and reporting cycle - https://ibm.box.com/s/x973uioy6ozwkzw7yvqaa07wdldp8gld
1. Business impact - https://www.mckinsey.com/business-functions/risk-and-resilience/our-insights/covid-19-implications-for-business
2. Data sharing - https://www.govtechreview.com.au/content/gov-digital/article/three-data-sharing-challenges-facing-public-sector-922138145
3. Digital - https://www.openaccessgovernment.org/embracing-a-new-era-of-public-sector-it-smart-sourcing/116903/
4. ESG - https://www.cfodive.com/news/companies-oppose-one-size-fits-all-sec-climate-disclosure-rule-survey/604547/
5. SPAC / restatements - https://www.cfodive.com/news/almost-90-percent-spacs-restate-financials/604267/
6. Cyber defense - https://cisomag.eccouncil.org/cisa-unveils-joint-cyber-defense-collaborative-to-boost-cybersecurity/
7. Fraud - https://www.quora.com/How-does-machine-learning-facilitate-fraud-detection
8. Real-time reporting - https://www.rtinsights.com/category/industry-insight/
9. Log analytics - https://neptune.ai/blog/machine-learning-approach-to-log-analytics
10. ESG - https://www.weforum.org/agenda/2021/08/now-time-for-action-on-sustainability-reporting/
Source - https://www.accountingtoday.com/news/international-agreements-spur-move-to-global-minimum-tax?position=editorial_1&campaignname=V2_ACT_Daily_20210503-
08102021&utm_source=newsletter&utm_medium=email&utm_campaign=V2_ACT_Daily_20210503%2B%27-
%27%2B08102021&bt_ee=Nq%2Fv7c3AMvoxz%2F6ThJ8wFssJSDsjTBGSjUtT53TmJ9QvzUau3wfriBrnT0c44gCN&bt_ts=1628589736714

27. GDP BY SECTOR

28. SOUTHERN
BORDER

29. USA INCOME

30. USA HOUSING

31. CONSUMER SPENDING AND INCOME
Personal Income and
Spending.pdf
Personal Income and
Spending - USA.pdf

32. WHAT’S NEXT
• Ability of the United States along with other countries to roll out vaccinations as part of re-opening their
economy will be key over the next few months - https://www.slideshare.net/paulyoungcga/geopolitical-events-
vaccines-distribution-canada-march-20-2021
• All levels of government need to ensure their crisis/risk management reports are audited every year as part of
safeguarding assets from geopolitical events - https://www.slideshare.net/paulyoungcga/why-there-needs-to-
be-audited-reports-of-crisis-emergency-management-policies-and-procedures
• United States like many countries needs to review its policies related to the circular economy -
https://www.slideshare.net/paulyoungcga/how-to-maximized-the-circular-economy-244067365
• Aligning education with jobs of today and tomorrow will be key to supporting short-term and long-term
economic growth - https://www.slideshare.net/paulyoungcga/human-capital-management-skills-development-
analysis-and-commentary-february-2021
• Reforming global trade through modernization of WTO will be key part of reducing protectionism policies -
https://www.slideshare.net/paulyoungcga/merchandise-trade-usa-january-2021
• There needs to be global discussion on how best to reform both domestic and the global economy -
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-global-economy-march-2021
Blog – Economic and Fiscal Scorecard – The United States – May 2022 and June 2022
Personal Income and
Spending.pdf
Personal Income and
Spending - USA.pdf
GDP and USA -
2Q22.pdf
U.S. Economy
Contracts Again.pdf
https://economics.bmo.com/en/publications/detail/70d4cec6-0496-4b7a-8499-8c4231c18744/

33. OTHER
SOURCES
• If you like to learn more
about trade and/or other
subjects as part of your
professional learning and,
development then feel free
to review my material on
https://www.udemy.com/
(search Paul Young CPA CGA

34. OTHER SOURCES
• You can additional information on USA via my SlideShare account -
https://www.slideshare.net/paulyoungcga