Mr. James E. Glassman is a Managing Director and Senior Economist with JP Morgan Chase & Co. This is his presentation at the Northwest Growth Financing Conference in 2010
1. The document discusses the economic turmoil of 2007-2008 and identifies several surprises, including the more global nature of the economic slowdown, stronger than expected US growth, and weaker than expected employment growth.
2. It also examines key issues for the economic outlook such as the ongoing housing market challenges, volatility in oil prices, rising food prices, and shifts in inflation and consumer spending patterns.
3. Looking forward, it predicts that central banks will keep interest rates low until unemployment declines and inflation remains stable, and that the global economy will see more proportional growth across countries based on their populations.
The document discusses business cycles and fluctuations in economic growth. It notes that a business cycle consists of expansions and contractions in most economic activities over time, varying in length from over a year to around a decade. It also discusses indicators used to predict and describe business cycles, such as leading, lagging, and coincident indicators tracked by organizations like the Conference Board and Bureau of Labor Statistics.
Today’s Economic Landscape and What’s on the Other SideSavannah Whaley
The document provides an overview of the current economic landscape and projections for recovery based on analysis of key economic indicators. It summarizes that the recession ended in mid-2009 due to government stimulus programs, but the economy still faces pressures from high unemployment, weak consumer spending, and issues in the housing and credit markets. The recovery is expected to continue in 2010 as stimulus funding supports growth, but long-term economic growth prospects for the US remain uncertain. Opportunities for economic growth are identified in various sectors benefiting from stimulus spending.
The document discusses key concepts related to measuring economic activity including Gross Domestic Product (GDP), the Consumer Price Index (CPI), and the unemployment rate. It explains that GDP measures total output, income, and expenditure in an economy. The CPI is used to measure inflation and the cost of living. Different methods for calculating GDP, the GDP deflator, and chained weighted GDP are also outlined.
This document analyzes key economic indicators in the US for the first quarter of 2014. It discusses 10 important indicators: 1) GDP decreased 1% due to declines in corporate profits and income, likely due to harsh winter weather slowing business activity. 2) Housing market saw a small increase in existing home sales but declines in homeownership and increases in rental vacancies. 3) Unemployment has been decreasing but wages are also declining slightly. 4) Import and export prices rose slightly due to inflation. Raising the value of the dollar could boost trade and corporate profits. 5) Retail sales rose 4% showing consumer confidence. 6) Consumer credit is rising as interest rates remain low and confidence increases. 7) Keeping inflation low
This document discusses the relationship between GDP and consumption in Nepal. It finds that consumption is the single most important component of calculating GDP, making up more than 50% of GDP calculations in most countries. GDP and consumption are positively correlated, as a rise in consumption leads to a corresponding rise in GDP. The study analyzes data from Nepal from 1975 to 2011, finding a highly significant relationship between GDP and consumption, with consumption explaining 99.6% of the variation in GDP. It concludes that consumption fully depends on and increases with the level of GDP in Nepal.
Today’s Economic Landscape and What’s on the Other Side February 2010Savannah Whaley
The document provides an overview of the current economic landscape and recovery following the recent recession. It summarizes key economic indicators such as GDP, industrial production, unemployment, housing and financial markets. It outlines the government's economic response through fiscal stimulus and monetary policy. It also discusses future opportunities for economic growth and concludes that while recovery is underway, the US economy still faces pressures from high unemployment, consumer and government debt that will likely result in slower long-term growth compared to emerging economies such as China.
1. The document discusses the economic turmoil of 2007-2008 and identifies several surprises, including the more global nature of the economic slowdown, stronger than expected US growth, and weaker than expected employment growth.
2. It also examines key issues for the economic outlook such as the ongoing housing market challenges, volatility in oil prices, rising food prices, and shifts in inflation and consumer spending patterns.
3. Looking forward, it predicts that central banks will keep interest rates low until unemployment declines and inflation remains stable, and that the global economy will see more proportional growth across countries based on their populations.
The document discusses business cycles and fluctuations in economic growth. It notes that a business cycle consists of expansions and contractions in most economic activities over time, varying in length from over a year to around a decade. It also discusses indicators used to predict and describe business cycles, such as leading, lagging, and coincident indicators tracked by organizations like the Conference Board and Bureau of Labor Statistics.
Today’s Economic Landscape and What’s on the Other SideSavannah Whaley
The document provides an overview of the current economic landscape and projections for recovery based on analysis of key economic indicators. It summarizes that the recession ended in mid-2009 due to government stimulus programs, but the economy still faces pressures from high unemployment, weak consumer spending, and issues in the housing and credit markets. The recovery is expected to continue in 2010 as stimulus funding supports growth, but long-term economic growth prospects for the US remain uncertain. Opportunities for economic growth are identified in various sectors benefiting from stimulus spending.
The document discusses key concepts related to measuring economic activity including Gross Domestic Product (GDP), the Consumer Price Index (CPI), and the unemployment rate. It explains that GDP measures total output, income, and expenditure in an economy. The CPI is used to measure inflation and the cost of living. Different methods for calculating GDP, the GDP deflator, and chained weighted GDP are also outlined.
This document analyzes key economic indicators in the US for the first quarter of 2014. It discusses 10 important indicators: 1) GDP decreased 1% due to declines in corporate profits and income, likely due to harsh winter weather slowing business activity. 2) Housing market saw a small increase in existing home sales but declines in homeownership and increases in rental vacancies. 3) Unemployment has been decreasing but wages are also declining slightly. 4) Import and export prices rose slightly due to inflation. Raising the value of the dollar could boost trade and corporate profits. 5) Retail sales rose 4% showing consumer confidence. 6) Consumer credit is rising as interest rates remain low and confidence increases. 7) Keeping inflation low
This document discusses the relationship between GDP and consumption in Nepal. It finds that consumption is the single most important component of calculating GDP, making up more than 50% of GDP calculations in most countries. GDP and consumption are positively correlated, as a rise in consumption leads to a corresponding rise in GDP. The study analyzes data from Nepal from 1975 to 2011, finding a highly significant relationship between GDP and consumption, with consumption explaining 99.6% of the variation in GDP. It concludes that consumption fully depends on and increases with the level of GDP in Nepal.
Today’s Economic Landscape and What’s on the Other Side February 2010Savannah Whaley
The document provides an overview of the current economic landscape and recovery following the recent recession. It summarizes key economic indicators such as GDP, industrial production, unemployment, housing and financial markets. It outlines the government's economic response through fiscal stimulus and monetary policy. It also discusses future opportunities for economic growth and concludes that while recovery is underway, the US economy still faces pressures from high unemployment, consumer and government debt that will likely result in slower long-term growth compared to emerging economies such as China.
Today’s Economic Landscape and What’s on the Other SideSavannah Whaley
The document provides an analysis of the current economic landscape and projections for recovery. It summarizes key economic indicators showing the severity of the recession across sectors such as housing, employment, manufacturing, and consumer spending. Government responses are also reviewed, including stimulus programs aimed at supporting recovery in 2009-2010. Challenges to recovery are noted, but a gradual cyclical upturn is projected starting in 2010, led by increased employment and spending. Longer term issues facing the US economy are also discussed.
Today’s Economic Landscape and What’s on the Other SideSavannah Whaley
The document provides an overview and analysis of the global economic landscape in 2009 and beyond the recession. It summarizes key economic indicators showing the recession ended in mid-2009, led by government stimulus programs, but recoveries vary by country and challenges remain. Opportunities exist in areas like healthcare, education, and energy that support long-term economic stability and growth.
The document provides an economic update for the Denver metro area in 2010, summarizing key pieces of the economy that were affected by the recession, including consumer activity, housing, business activity, and government stimulus efforts. It analyzes data on GDP growth, consumer spending, unemployment, home sales, foreclosures, commercial real estate vacancies, and more. While some parts of the economy like consumer confidence and home prices were improving, unemployment was still rising and the full recovery remained uncertain. Government stimulus programs were helping offset state budget cuts and boost activity.
The document provides an overview of economic indicators for the United States and Cambodia, including GDP, GDP growth rates, unemployment rates, inflation rates, and trade. Line graphs compare several key metrics between the two countries from 2000 to 2011, such as real GDP growth, GDP per capita, GDP purchasing power parity, and industrial production growth. The US generally had higher GDP, GDP growth, and GDP per capita than Cambodia over this period.
This document provides an overview of a presentation arguing that most of what governments do that is immoral would be impossible without fiat currency and public debt. It outlines the main thesis and sub-thesis, and then explores three parts of the argument: 1) What would happen without public debt, concluding government aspects would need to shrink by 1/3 on average; 2) Who holds the public debt, with over half held by central banks; and 3) Why sustained government growth would be much more difficult without taking on debt, as people would riot if taxes increased substantially to cover additional spending.
The document discusses the global economic crisis of 2007-2009. It provides details on:
- How the US recession impacted other major economies like China, Europe, and Japan through decreasing exports and economic growth.
- Countries like India saw declines in sectors like IT and manufacturing that relied on US demand.
- The crisis had varying effects around the world, with some countries like Australia avoiding recession and others like Africa being less impacted due to less integrated markets.
- The downturn revealed weaknesses in many economies and their reliance on stable global demand, testing their financial systems and regulations.
The document summarizes the improving US economic picture in contrast to challenges facing Europe. It notes that US job growth, retail sales, auto sales and housing are picking up as government continues support through policies like payroll tax cuts, unemployment benefits, and monetary easing. However, it also lists potential "dream killers" like a hard landing in China, an oil shock from Iran issues, or contagion from Europe's fiscal problems and lack of aggressive central bank intervention could still lead to recession in the US. The document then provides an update on new features added to its economic analysis tool in 2011 and previews its 2012 roadmap.
"The Economy under President Obama" tells the story of the 2009-2016 period using a series of economic and budgetary charts. Definitive non-partisan sources such as the Federal Reserve Economic Database (FRED) and Congressional Budget Office (CBO) are used, along with major media sources.
The presentation covers the Great Recession and response, fiscal policies, trends in major economic variables, income inequality and the ACA/Obamacare. Key questions covered include: 1) What did President Obama and Congress do to help or hinder the recovery? 2) What were the important decisions President Obama had to make? 3) How much of the national debt addition was due to the President's policies? 4) What were the trends in the key economic and budget variables? 5) What economic and budgetary legacy did he pass along?
Our major goal is to help you achieve your academic goals. We are commited to helping you get top grades in your academic papers.We desire to help you come up with great essays that meet your lecturer's expectations.Contact us now at http://www.premiumessays.net/
This document provides an overview of inflation and how it is measured. It discusses what inflation is, how it is defined and measured through indexes like the CPI. It outlines some of the key causes of inflation like demand-pull and cost-push factors. It also discusses how inflation affects different groups like creditors, debtors and those on fixed incomes. The document explains how central banks like the Federal Reserve use interest rates to try and control inflation.
2010 Real Estate Market Forecast: Jed Smith Real Estate Roundtable PresentationKent Simpson
Real estate market forecast for the rest of 2010 provided by Jed Smith, economist for National Association of REALTORS - presented on the Real Estate RoundTable show on BlogTalkRadio March 5, 2010.
The document discusses government debt and perspectives on it. It covers measurement problems with the deficit figure due to inflation, business cycles, and uncounted liabilities. It also summarizes the traditional view that debt lowers national saving versus the Ricardian view that it does not affect saving. Most economists oppose a balanced budget rule as it hinders fiscal policy goals like stabilization.
The US unemployment rate declined slightly to 9.1% in July as 117,000 new jobs were added. However, only a small portion of the 8.7 million jobs lost since 2008 have been recovered. The employment-population ratio remains near a 28-year low, and over 40% of the currently unemployed have been out of work for more than six months. Private employers added 154,000 professionals in July.
The Federal Reserve launched a third round of quantitative easing, committing to purchase $40 billion per month of mortgage-backed securities until the housing market recovers. This is intended to put downward pressure on interest rates and support the broader economy. Stock markets reacted positively to the news, with the S&P rising 2% and Dow closing 300 points higher. Meanwhile, the German constitutional court approved the European Central Bank's bond-buying program, aiding Eurozone stability.
The document discusses the state of the U.S. and global economies. It analyzes key economic indicators for the U.S. such as GDP, unemployment, inflation, and interest rates. It also briefly examines economic conditions in Brazil, Germany, Japan and compares some indicators between countries. The conclusion states that while recovery has begun, countries still have a long road and need stable financial systems and prudent fiscal policies to achieve economic objectives.
The document summarizes that the US economy is not in a depression like 1932 despite widespread pessimism. It argues that economic indicators like job growth, durable goods orders, and corporate profits show the economy is growing, not contracting. While government policies add uncertainty, productivity is strong and the stock market is undervalued given low expectations. In conclusion, optimism about the economy's strength is warranted despite significant negativity.
This document discusses key concepts in macroeconomics including:
1. Definitions and differences between macroeconomics and microeconomics, and between economic growth and economic development.
2. Methods of measuring national income including GDP, GNP, nominal GDP, and real GDP, and their limitations.
3. Components of the circular flow model including injections, leakages, and the flows between households, firms, and the government.
The document provides an overview of key economic indicators including:
- Personal income was unchanged in September while spending declined 0.5% and savings increased.
- Real GDP expanded 3.5% in Q3 2009 primarily from consumer spending, exports, inventory investment and federal spending.
- The Conference Board's Leading Economic Index increased 0.3% in October and has risen for 7 consecutive months, indicating a continued economic recovery.
- Productivity growth rose 9.5% in Q3 while unit labor costs fell, as firms cut back on labor to maximize profits with increasing output.
How to use Customer Success to Prep for and Drive Contract RenewalsGainsight
The most successful Enterprise SaaS companies know that growing revenue only through new customer acquisition is the less efficient way to scale. Rather, they understand that growing revenue within your existing customer base - through up-sells, cross-sells, and expanded use - is the most profitable way to scale.
In fact, Enterprise SaaS companies that grow revenue - and company valuation - by expanding revenue within their existing customer base also know the key to making this work is to focus on - and operationalize - Customer Success.
This presentation - How to use Customer Success to Prep for and Drive Contract Renewals - is from Pulse 2014, the biggest Customer Success industry event ever and included panelists from Concur, InsideView, Marketo
While contract renewals are important, they often do not receive the same attention as new orders. However, renewals provide an opportunity to strengthen partnerships. For a successful renewal, both enterprise customers and telecom service providers must adequately prepare, appreciate each other's objectives, and timely complete paperwork. This helps deliver mutually beneficial outcomes where customer needs converge with provider solutions. With proper planning and focus on business value rather than just costs, renewals can redefine relationships for continued success.
Today’s Economic Landscape and What’s on the Other SideSavannah Whaley
The document provides an analysis of the current economic landscape and projections for recovery. It summarizes key economic indicators showing the severity of the recession across sectors such as housing, employment, manufacturing, and consumer spending. Government responses are also reviewed, including stimulus programs aimed at supporting recovery in 2009-2010. Challenges to recovery are noted, but a gradual cyclical upturn is projected starting in 2010, led by increased employment and spending. Longer term issues facing the US economy are also discussed.
Today’s Economic Landscape and What’s on the Other SideSavannah Whaley
The document provides an overview and analysis of the global economic landscape in 2009 and beyond the recession. It summarizes key economic indicators showing the recession ended in mid-2009, led by government stimulus programs, but recoveries vary by country and challenges remain. Opportunities exist in areas like healthcare, education, and energy that support long-term economic stability and growth.
The document provides an economic update for the Denver metro area in 2010, summarizing key pieces of the economy that were affected by the recession, including consumer activity, housing, business activity, and government stimulus efforts. It analyzes data on GDP growth, consumer spending, unemployment, home sales, foreclosures, commercial real estate vacancies, and more. While some parts of the economy like consumer confidence and home prices were improving, unemployment was still rising and the full recovery remained uncertain. Government stimulus programs were helping offset state budget cuts and boost activity.
The document provides an overview of economic indicators for the United States and Cambodia, including GDP, GDP growth rates, unemployment rates, inflation rates, and trade. Line graphs compare several key metrics between the two countries from 2000 to 2011, such as real GDP growth, GDP per capita, GDP purchasing power parity, and industrial production growth. The US generally had higher GDP, GDP growth, and GDP per capita than Cambodia over this period.
This document provides an overview of a presentation arguing that most of what governments do that is immoral would be impossible without fiat currency and public debt. It outlines the main thesis and sub-thesis, and then explores three parts of the argument: 1) What would happen without public debt, concluding government aspects would need to shrink by 1/3 on average; 2) Who holds the public debt, with over half held by central banks; and 3) Why sustained government growth would be much more difficult without taking on debt, as people would riot if taxes increased substantially to cover additional spending.
The document discusses the global economic crisis of 2007-2009. It provides details on:
- How the US recession impacted other major economies like China, Europe, and Japan through decreasing exports and economic growth.
- Countries like India saw declines in sectors like IT and manufacturing that relied on US demand.
- The crisis had varying effects around the world, with some countries like Australia avoiding recession and others like Africa being less impacted due to less integrated markets.
- The downturn revealed weaknesses in many economies and their reliance on stable global demand, testing their financial systems and regulations.
The document summarizes the improving US economic picture in contrast to challenges facing Europe. It notes that US job growth, retail sales, auto sales and housing are picking up as government continues support through policies like payroll tax cuts, unemployment benefits, and monetary easing. However, it also lists potential "dream killers" like a hard landing in China, an oil shock from Iran issues, or contagion from Europe's fiscal problems and lack of aggressive central bank intervention could still lead to recession in the US. The document then provides an update on new features added to its economic analysis tool in 2011 and previews its 2012 roadmap.
"The Economy under President Obama" tells the story of the 2009-2016 period using a series of economic and budgetary charts. Definitive non-partisan sources such as the Federal Reserve Economic Database (FRED) and Congressional Budget Office (CBO) are used, along with major media sources.
The presentation covers the Great Recession and response, fiscal policies, trends in major economic variables, income inequality and the ACA/Obamacare. Key questions covered include: 1) What did President Obama and Congress do to help or hinder the recovery? 2) What were the important decisions President Obama had to make? 3) How much of the national debt addition was due to the President's policies? 4) What were the trends in the key economic and budget variables? 5) What economic and budgetary legacy did he pass along?
Our major goal is to help you achieve your academic goals. We are commited to helping you get top grades in your academic papers.We desire to help you come up with great essays that meet your lecturer's expectations.Contact us now at http://www.premiumessays.net/
This document provides an overview of inflation and how it is measured. It discusses what inflation is, how it is defined and measured through indexes like the CPI. It outlines some of the key causes of inflation like demand-pull and cost-push factors. It also discusses how inflation affects different groups like creditors, debtors and those on fixed incomes. The document explains how central banks like the Federal Reserve use interest rates to try and control inflation.
2010 Real Estate Market Forecast: Jed Smith Real Estate Roundtable PresentationKent Simpson
Real estate market forecast for the rest of 2010 provided by Jed Smith, economist for National Association of REALTORS - presented on the Real Estate RoundTable show on BlogTalkRadio March 5, 2010.
The document discusses government debt and perspectives on it. It covers measurement problems with the deficit figure due to inflation, business cycles, and uncounted liabilities. It also summarizes the traditional view that debt lowers national saving versus the Ricardian view that it does not affect saving. Most economists oppose a balanced budget rule as it hinders fiscal policy goals like stabilization.
The US unemployment rate declined slightly to 9.1% in July as 117,000 new jobs were added. However, only a small portion of the 8.7 million jobs lost since 2008 have been recovered. The employment-population ratio remains near a 28-year low, and over 40% of the currently unemployed have been out of work for more than six months. Private employers added 154,000 professionals in July.
The Federal Reserve launched a third round of quantitative easing, committing to purchase $40 billion per month of mortgage-backed securities until the housing market recovers. This is intended to put downward pressure on interest rates and support the broader economy. Stock markets reacted positively to the news, with the S&P rising 2% and Dow closing 300 points higher. Meanwhile, the German constitutional court approved the European Central Bank's bond-buying program, aiding Eurozone stability.
The document discusses the state of the U.S. and global economies. It analyzes key economic indicators for the U.S. such as GDP, unemployment, inflation, and interest rates. It also briefly examines economic conditions in Brazil, Germany, Japan and compares some indicators between countries. The conclusion states that while recovery has begun, countries still have a long road and need stable financial systems and prudent fiscal policies to achieve economic objectives.
The document summarizes that the US economy is not in a depression like 1932 despite widespread pessimism. It argues that economic indicators like job growth, durable goods orders, and corporate profits show the economy is growing, not contracting. While government policies add uncertainty, productivity is strong and the stock market is undervalued given low expectations. In conclusion, optimism about the economy's strength is warranted despite significant negativity.
This document discusses key concepts in macroeconomics including:
1. Definitions and differences between macroeconomics and microeconomics, and between economic growth and economic development.
2. Methods of measuring national income including GDP, GNP, nominal GDP, and real GDP, and their limitations.
3. Components of the circular flow model including injections, leakages, and the flows between households, firms, and the government.
The document provides an overview of key economic indicators including:
- Personal income was unchanged in September while spending declined 0.5% and savings increased.
- Real GDP expanded 3.5% in Q3 2009 primarily from consumer spending, exports, inventory investment and federal spending.
- The Conference Board's Leading Economic Index increased 0.3% in October and has risen for 7 consecutive months, indicating a continued economic recovery.
- Productivity growth rose 9.5% in Q3 while unit labor costs fell, as firms cut back on labor to maximize profits with increasing output.
How to use Customer Success to Prep for and Drive Contract RenewalsGainsight
The most successful Enterprise SaaS companies know that growing revenue only through new customer acquisition is the less efficient way to scale. Rather, they understand that growing revenue within your existing customer base - through up-sells, cross-sells, and expanded use - is the most profitable way to scale.
In fact, Enterprise SaaS companies that grow revenue - and company valuation - by expanding revenue within their existing customer base also know the key to making this work is to focus on - and operationalize - Customer Success.
This presentation - How to use Customer Success to Prep for and Drive Contract Renewals - is from Pulse 2014, the biggest Customer Success industry event ever and included panelists from Concur, InsideView, Marketo
While contract renewals are important, they often do not receive the same attention as new orders. However, renewals provide an opportunity to strengthen partnerships. For a successful renewal, both enterprise customers and telecom service providers must adequately prepare, appreciate each other's objectives, and timely complete paperwork. This helps deliver mutually beneficial outcomes where customer needs converge with provider solutions. With proper planning and focus on business value rather than just costs, renewals can redefine relationships for continued success.
Million $ Button Optimization - Which Test Won TLE 2014Michal Parizek
Avast!, an antivirus software company, optimized the "Renew now" button that appears when a user's subscription is about to expire. Testing different landing pages and upsell options increased sales per view by 18% and incremental monthly sales by $200,000. Key learnings included that upsells work best when the sales element is intentionally opened and decoy pricing affects choices. The optimized button helped increase Avast!'s annual revenue.
2009 open world chooing the right subscription contractDZee Solutions
The document discusses Oracle's contract lifecycle management solutions and how they can help companies manage contracts. It begins with an overview of contract management challenges such as lack of process control, compliance, and long negotiation times. It then outlines Oracle's understanding of contract management and the capabilities and value drivers of its solutions. The rest of the document details Oracle's contract management product offerings, including how they allow for authoring, approving, monitoring, amending, and renewing contracts both as integrated and standalone solutions. It also provides a customer case study on how ProQuest used Oracle Service Contracts for subscription management.
The Definitive Guide to Customer Success 2017Lincoln Murphy
The Customer Success movement has taken the SaaS industry by storm, even requiring an updated SaaS Business Model definition.
But what exactly is Customer Success? Is it an organizational mindset? Is it a corporate strategy? Is it a set of tactics designed to produce happy, successful customers that in turn creates success for you, the SaaS vendor?
The answer is... all of the above.
In this guide I've enumerated 17 key elements of Customer Success for SaaS companies. I hope it helps you reach your goals.
The document summarizes an upcoming conference on financing rapidly growing companies. It includes panels on financing growing companies, trends in the credit markets, mezzanine and subordinated debt financing options, and an overview of several investment firms. The panels will discuss financing options, deal structures, terms and conditions for providing capital to middle market companies during challenging economic times.
2009 northwest growth financing conference presentationsFranz von Bradsky
This document summarizes discussions from the 2009 Northwest Growth Financing Conference. It includes summaries of panels on financing rapidly growing companies, trends in the senior debt market and availability of credit, and mezzanine/subordinated debt as an option for company financing. Individual panels discuss CEO experiences financing growth, effects of the frozen credit markets, and details of specific mezzanine funds and their investment strategies.
The document discusses the syndicated loan market and sponsored middle market deals in the second quarter of 2010. Key points include:
- Sponsored issuance increased significantly year-over-year due to more liquidity and improved projections, though growth slowed in June.
- Leverage multiples increased to 3.0-3.5x for senior debt and 4.5-5.0x for total debt. Pricing also increased from the first quarter.
- The majority of deals were sponsor-to-sponsor trades as sponsors focused on harvesting gains through dividend financings.
- Fifth Third Bank outlined its views on deal terms including leverage, pricing, fees and covenants for middle market transactions
Mezzanine finance sits between senior debt and equity in a company's capital structure. It can take the form of subordinated debt or preferred equity. Subordinated debt typically has a yield of 12-17% consisting of a current coupon of 10-12% plus additional paid-in-kind interest or equity warrants. Preferred equity has an even higher risk but yield of 20-24% paid as PIK dividends plus warrants. Mezzanine financing allows companies to take on more leverage than with senior debt alone, with the mezzanine investor positioned ahead of common equity but below senior lenders in the capital structure.
Subscription to Renewal (PART I - Grontmij)Total Identity
In this presentation, held for Grontmij N.V. (www.grontmij.com), I presented future developments of the web. I specifically address Crossmedia communication, Search Engine Optimization (SEO) and online marketing.
Sales White Paper: Maximizing Renewal RevenuesAltify
This white paper discusses transforming renewal teams into high-performing sales teams by maximizing renewal revenues. It covers the evolution of the renewal sales model from maintenance bills being automatically paid to dedicated renewal sales teams. The paper outlines a 4 part transformation model covering coverage, people and skills, sales process, and knowledge/tools. It emphasizes treating renewals as a sales effort requiring the right skills, coverage, and process for different customer segments.
Driven by the need to focus on new products and services, while countering increased competition from Internet players, operators are looking to ensure their IT systems are in sync with the need of the hour. Key factors driving this change include a renewed push from telcos to cut down on their time-to-market while cutting down on their costs. Telcos will have to bear in mind that a successful IT transformation is the result of the coming together of a variety of elements from the business and IT side of operations. In doing so, the first step is to identify and understand the building blocks of a business transformation. Thereon, a strong understanding of the key success factors of a transformation program completes the early steps towards creating a large-scale successful IT transformation.
The single most important thing to get right in your sales plan is to have the right reps selling the right products to the right accounts with the right quota targets. Achieving this for every rep, account, and product involves both advanced analytics and tapping the expertise of your sales managers - impossible to do in Excel. Learn how Boston Scientific implemented a Territory & Quota application on Anaplan to create the right sales plan, with immediate visibility to coverage gaps and capacity needs.
SPEAKERS
Isaac Knoot, Director, US Sales Strategy and Operations, Boston Scientific
Mark Sarbiewski, Chief Marketing Officer, Anaplan
Utility Renewals Ltd provides services to housing associations including comparing utility prices, setting up accounts for new and outgoing tenants, handling meter installations and replacements, and arranging discounted contracts for gas and electricity. They assist with the entire move-in and move-out process for tenants to ensure quick and smooth utility transfers. Services also include renting or selling white goods, handling stolen meters, and switching tenants to better utility deals on an ongoing basis.
2012-13 Cal Men's Basketball Renewal Processcalathletics
2012-13 Cal Men's Basketball renewal process for patrons that own Baseline/End or Corner season tickets and want to change their tickets to new youth/senior prices.
The document outlines the green card renewal process in the United States. It explains that the renewal process usually begins 180 days before the green card expires and is done by submitting Form I-90. The form can be downloaded online or obtained from the appropriate agency. Applicants must renew their green cards before they expire, either through the traditional application process or electronically. A green card is typically valid for 10 years. If a green card is lost or destroyed, the holder must apply for a renewal. The renewal process usually takes 6 to 12 months to complete. A temporary document is issued while the renewal is pending, valid for one year.
ALA MidWinter 2013 - Electronic Resources Management Interest Group meeting -...dwestbrook
The document summarizes how UBC Library devised a plan to manage electronic resource renewals in the absence of ideal functionality in their ERM system. They created a renewals calendar to track important renewal dates, allow proactive assessment of resources, and permit strategic decisions. The calendar integrates renewal data from their acquisitions system into a Microsoft Outlook calendar template shared across the library. While their ERM was updated, developing the renewals calendar process strengthened their understanding of managing renewal workflows and data.
The Great Recession document summarizes the causes and effects of the late-2000s financial crisis and recession in the United States. It discusses how a housing bubble fueled by subprime lending burst, triggering a credit crunch and widespread economic impacts. The recession resulted in job losses, rising unemployment, and high foreclosure rates. Government responses included stimulus packages under Presidents Bush and Obama, as well as financial bailouts. The recovery was predicted to be slow due to persistent effects of financial crises on economic growth.
The document discusses key macroeconomic indicators such as GDP, unemployment, and inflation that are used to measure the health of the economy. It defines GDP as the total market value of goods and services produced within a country in a given period. Unemployment is defined as adults actively seeking but unable to find work. Inflation is defined as the sustained rise in the general price level over time. These indicators are analyzed to identify economic expansions, contractions, and full employment.
Growing Healthcare Costsandthe Federal DebtHealthwork
The document discusses growing healthcare costs and the federal debt. It notes that social security, Medicare and Medicaid currently make up 42% of the federal budget and are projected to continue increasing significantly. If current policies continue, large sustained deficits of over $14 trillion are projected by 2019. Rising healthcare costs that outpace economic growth are a major driver of these deficits and threaten long-term economic stability and growth. Healthcare reform is needed to control costs and improve the sustainability of federal spending.
The document summarizes an economics chapter that covers several topics:
1) It describes the key components used to measure GDP - consumer spending, investment, government spending, and net exports.
2) It explains different types of income measures - national, personal, and disposable income.
3) It discusses how inflation can impact GDP measurements and the use of the CPI, PPI, and GDP deflator to adjust for inflation.
4) It covers business cycles and the phases of expansion, peak, contraction (recession), and recovery, and some of the factors that can influence economic fluctuations.
The document summarizes the current state of the US economy and monetary policy outlook. It notes that the economy is expected to accelerate in 2017, with the labor market strengthening and inflation approaching the Fed's 2% target. While risks are balanced, potential downside risks include trade wars, a stronger dollar, rising interest rates, and weak global growth. Monetary policy remains accommodative, and further rate increases will be data-dependent.
Foro Alumni "Encendiendo los Motores del Crecimiento Mundial" realizado el 29 de abril en el Hotel El Pueblo.
Expositor Piero Ghezzi (egresado UP Managing Director and Head of Global Economics and Emerging Markets Research Barclays Capital)
Bill Stankiewicz Cscmp 1 14 2009 T Albrecht PresBillStankiewicz
The document summarizes freight demand and supply trends in the trucking industry in 2009. It finds that domestic demand will remain weak due to issues in housing, consumer spending, and commercial construction. International demand is also declining. While trucking capacity growth was moderate, excess capacity exists due to the economic downturn. Rates are expected to drop further in early 2009 before a supply correction occurs. The recovery will be gradual and dependent on the broader economic recovery.
The document summarizes a presentation given at the Federal Reserve Bank of New York on November 20, 2009. The presentation covered global and domestic economic conditions, the real estate crisis, financial markets, monetary policy challenges, a monetary policy recommendation, and a draft FOMC policy directive. The presentation considered three potential economic recovery scenarios - a rapid "V-shaped" recovery, a slow "L-shaped" recovery, or a double-dip "W-shaped" recovery. The recommendation was to maintain the target federal funds rate at 0-0.25% at the next FOMC meeting.
Presentación del Vicepresidente Liberman en la Reunión Anual de Directores Ej...Casa Presidencial
Presentación del Vicepresidente Liberman en la Reunión Anual de Directores Ejecutivos Latinoamericanos, en la Ciudad de Panamá donde expuso acerca del desempeño de Costa Rica en materia de inversiones y clima para hacer negocios.
The document discusses the global financial crisis that began in 2008. It provides background on the crisis, including the collapse of major investment banks in the US. It then explains some of the root causes of the crisis, such as the rise of speculative investment and growing household debt. The crisis has had widespread impacts, including bank bailouts, rising unemployment, and falling economic growth in both developed and developing countries like the Philippines. The response from the US government has largely been to bail out financial institutions while ordinary citizens bear the burden. The document criticizes the Arroyo government in the Philippines for implementing neoliberal policies that exacerbate the crisis and calls for united action from workers around the world.
The document provides an overview of macroeconomic policies and concepts including:
1) It discusses the business cycle and macroeconomic equilibrium and how disturbances can cause instability.
2) Keynes argued that government intervention is necessary to address inherent instability in free markets. Fiscal and monetary policies can be used to stimulate aggregate demand.
3) Supply-side policies aim to shift aggregate supply curves by incentivizing production. Both demand and supply factors influence macroeconomic outcomes like growth, unemployment and inflation.
This document summarizes Lawrence Yun's presentation on the recovery of the housing market and job market to normal levels. It finds that while consumer confidence about current conditions is low, confidence about the future is improving. It also notes that jobs growth has added over 1 million jobs in the past year but it could take until 2015 to return to normal 6% unemployment levels. The housing market fundamentals have returned to justifiable levels with home prices stabilizing and sales improving in line with job growth, but mortgage underwriting remains too strict. The outlook predicts moderate GDP growth and over 2 million new jobs added annually over the next two years, with housing sales and values expected to improve gradually as the job market recovers.
The document discusses President Obama's $447 billion jobs plan called the "American Jobs Act" which aims to stimulate the economy and create jobs through tax breaks, infrastructure spending, and aid to state and local governments. It also discusses the debate around reducing the federal budget deficit and national debt. While the deficit and debt have increased, the unemployment rate remains high, representing a serious jobs crisis. Some argue the focus should be on stimulating the economy and reducing unemployment rather than deficit reduction in the short term.
The document provides an overview and analysis of prevailing market conditions as of late 2009. It discusses signs of continued economic recovery, remaining risks from withdrawing stimulus, and new global economic patterns emerging from the financial crisis. Opportunities are seen in identifying companies and industries that will benefit from these changes. Charts show improved economic indicators, earnings beating estimates, and valuations looking more attractive as earnings recover.
The document provides an overview of the Canadian economy. It notes that Canada currently has a population of over 30 million and is ranked 11th in the world for exports. The economy has shifted from being primarily based on farming and waterways to focusing more on industries like petroleum, cars, and manufacturing. Currently, Canada is experiencing higher economic growth and GDP increases, though some economists worry this rise may not last due to recent government benefits for citizens. Housing and consumer spending are also contributing to GDP growth.
The document provides an overview of recent US economic data and projections, including:
1) Several key economic indicators are showing continued recovery, such as GDP growth, unemployment claims, and consumer spending. However, unemployment remains elevated.
2) Inflation expectations remain low according to market indicators and Fed forecasts. The federal budget deficit is projected to remain high over the next decade, increasing the national debt burden.
3) Overall the recovery is expected to continue gradually, but significant downside risks remain, such as a double-dip recession or failure to reduce long-term budget imbalances.
The document provides a seasonal market outlook and review of global markets in Q4 2014 and for the year as a whole. Key points:
- Global stock markets fell sharply in mid-December due to falling commodity prices but recovered by Christmas. The FTSE 100 ended 2014 down 2.7%.
- Mining stocks and food retailers struggled while utility companies performed well, benefiting from growing demand for income and declining rate expectations.
- Commodity prices are expected to remain weak in 2015 due to slowing demand from Europe and China and increased supply, particularly of oil from US shale production.
The global financial system experienced a major shock due to the subprime mortgage crisis that spread worldwide. Central banks took unprecedented actions to provide liquidity and cut interest rates. Major financial institutions collapsed or were bailed out by governments. The crisis led to a steep recession and continued high unemployment. While government stimulus programs boosted many economies, the global recovery remains fragile with the potential for new shocks.
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How Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
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Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
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Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
2. The rhythm of the economy … it’s a familiar story … GDP gap (deviation of real GDP from potential as a percent of potential real GDP) Source: NBER Macroeconomics Database
3. … and it seems the economic tide is coming back in US real GDP (chained 2000 dollars) Sources: US Department of Commerce; Macroeconomic Advisers LLC
6. Caveat … financial shocks may be more challenging Market value of all publicly traded stocks (Wilshire 5000 index) Source: Dow Jones
7. It’s the “dust off the projects” that drives the accelerators Business investment (ratio to GDP) Source: US Department of Commerce
8. Demographics have something to say too Employment status by age (ratio of employment to population of selected age cohorts) Source: US Department of Labor 55+ 45-54 35-44 25-34 20-24 18-19 16-17
9. An industry where “pent-up” has a lot of room to run US light vehicle sales and domestic production (millions of units annualized) Sources: US Department of Commerce; Federal Reserve Board
11. Over there … Real GDP in selected regions (percent change from four quarters earlier) Sources: US Department of Commerce; JPMorgan Chase & Co.
12. … and over here US real GDP (annualized percent change from the previous quarter) Source: US Department of Commerce
13. Layoffs are ending … Real GDP (% ch from four quarters earlier) Initial claims for unemployment benefits (thousands weekly) Sources: US Department of Labor; US Department of Commerce
14. … they’re normal … it’s now up to hiring Layoffs and new hires (percent of private employment) Source: US Department of Labor
15. Jobs are coming back … Real GDP and nonfarm payrolls (% ch from 3 months earlier, annual rate*) * Based on the 3-month average of the most recent three months. Sources: US Department of Labor; US Department of Commerce
16. … but jobs are only part of the picture … Real GDP, nonfarm payrolls and total private hours worked (% ch from 3 months earlier, annual rate*) * Based on the 3-month average of the most recent three months. Sources: US Department of Labor; US Department of Commerce
17. … in fact, it’s what’s in the paycheck that counts … Real GDP, payrolls total private hours, and compensation (% ch from 3 months earlier, annual rate*) * Based on the 3-month average of the most recent three months. Sources: US Department of Labor; US Department of Commerce
18. … for consumers Real consumer spending, disposable income, and wages and salaries (% change from 12 months earlier) Source: US Department of Commerce
19. Profits have lots of stories to tell … After-tax GDP profits (percent of nominal Gross Domestic Income) Source: US Department of Commerce
20. … and one of them is about the world … Global and US real GDP (2000 dollars) Sources: US Department of Commerce; JPMorgan Chase & Co.
21. … cap X is another Business investment for capital goods and software (percent change from a year earlier) Sources: US Department of Commerce; Federal Reserve Board
23. The Fed will have little reason to let off the gas for a while Federal funds rate and the 10-year Treasury yield (percent) Source: Federal Reserve Board
24. Unemployment is too high … US unemployment rate (percent of the labor force) ¹ Range of FOMC members’ views Sources: NBER recession bars; US Department of Labor; Federal Reserve Board
25. … inflation’s tame … Selected consumer price indexes (percent change from 12 months earlier) Sources: NBER recession bars; US Department of Commerce; US Department of Labor
26. … too low … Selected core consumer price indexes (percent change from 12 months earlier) Sources: NBER recession bars; US Department of Commerce; US Department of Labor
27. Two added and unprecedented challenges … (1) Weaning from fiscal stimulus (2) Regulatory reform and the cost of credit
28. Have demand, will create jobs … The private sector, not economists, knows where they will be …
30. Construction won’t be what she used to be … Real construction outlays (ratio to 2006 Q1) Source: US Department of Commerce Public construction Nonresidential construction Residential construction
31. Home building will be a little subdued for a while … Starts of new houses (millions annualized) Months supply of unsold new homes Source: US Department of Commerce
32. This won’t be the employer it was for a while Nominal residential construction (billions of dollars) Housing-related employment (thousands) Source: US Department of Commerce
34. An un-flat world feeds the drive to develop … US real GDP per capita (ratio to 2009 level) (chained 2000 dollars) Sources: US Department of Commerce; NBER
35. … that will remap global GDP … Real GDP in selected regions (percent change from four quarters earlier) Sources: US Department of Commerce; JPMorgan Chase & Co.
36. … to look more like the distribution of the population Distribution of real GDP (percent of global output) Sources: NBER recession bars; US Department of Commerce; various academic sources
38. Recovery puts the focus on high-tide for asset values … Market value of all publicly traded stocks (Wilshire 5000 index) Source: Dow Jones
39. … and that makes the market look cheap … Equity P-E Wilshire 5000 index Source: US Department of Labor
40. … and for bonds, the market has been too bearish … Nominal and real 10-year Treasury yield (percent) Sources: NBER recession bars; Federal Reserve Board; US Department of Labor
41. … especially when businesses have options Market value of all publicly traded stocks (Wilshire 5000 index) Source: Dow Jones
42. The retail sector faces the biggest challenge … Consumer spending share of GDP (percentage of GDP ) Source: US Department of Commerce
44. The unsustainable can’t be sustained Nominal gross income per household and house prices (ratio to 1970 Q1 level) Sources: Loan Performance Corporation; US Department of Commerce
45. The home building correction was manageable Contribution of new home building to quarterly real GDP growth (percentage points annualized) Source: US Department of Commerce
46. When the cure became the problem Selected rates in the interbank funding markets (percent) Sources: BBA; Federal Reserve Board
47. The weakest links were shut down Long-term yield on noninvestment grade debt less 10-year Treasury yield (basis points) Sources: JPMorgan Chase & Co.; Bloomberg
49. “ Low levels of resource utilization”, the big idea US unemployment rate (percent of the labor force) ¹ Range of FOMC members’ views Sources: NBER recession bars; US Department of Labor; Federal Reserve Board
50. Unemployment … but what you don’t see counts too … Ratio of selected worker status to the population Source: US Department of Labor
51. … deviations from a normal economy Status of selected people in the labor pool (thousands) Source: US Department of Labor
52. Remember how recessions work on inflation … slowly Core chain PCE inflation (annualized percent change) Source: US Department of Commerce
53. Working with the cycle, the Fed’s long-run strategy Core chain PCE inflation (annualized percent change) Actual unemployment less Nairu Source: US Department of Commerce
59. Wanted … a new conversation about fiscal issues The airwaves are full of nonsense (like global warming, it’s not about the seasonal shifts) Tedious … we don’t need you to repeat the front pages Pointless … we’re not going to cut the deficit in recession Misdirected focus … the $1.5 trillion – $1 trillion due to recession – isn’t the issue It’s the underlying (long-term) issue Left on auto pilot, spending doubles as a share of the economy (CBO) Five options: (1) Double the tax burden … not happening (2) Deficit finance … over the market’s (and economy’s) dead body (3) Defer to an outsider (the government) to continually whittle health care spending (4) Incentivize the industry to find the best solution … users need to be more involved (5) Change the conversation about economics (raise economic literacy): * Endogenize the retirement decision * Spur national saving (eliminate the tax on saving, consumption-based income tax) * Eliminate the corporate income tax (people pay taxes) * Eliminate the employer deductibility of health care expenses * Tort reform
60. Bonds to pundits: it’s not about today’s red ink … Federal budget balance (percent of GDP) 10-year Treasury yield (percent) Sources: NBER recession bars; Congressional Budget Office; Federal Reserve Board
61. The red ink, scary of course, in absolute terms … Federal budget balance (billions of dollars over the most recent 12 months) Sources: NBER recession bars; NBER Macroeconomic database
62. … up close Federal budget balance (billions of dollars over the most recent 12 months) Sources: NBER recession bars; NBER Macroeconomic database
63. Scaled to the size economy … Federal budget balance (percent of GDP) Sources: NBER recession bars; NBER Macroeconomic database
64. … up close Federal budget balance (percent of GDP) Sources: NBER recession bars; NBER Macroeconomic database
65. … here’s how much … Actual budget balance and excluding the impact of the recession (percent of GDP) Sources: NBER recession bars; Congressional Budget Office; JPMorgan Chase & Co.
66. … or, if you want the numbers Cyclical (temporary) factors boosting the federal deficit (billions of dollars, fiscal year basis) Sources: Congressional Budget Office; JPMorgan Chase & Co.
69. CBO gives you the starting point … CBO’s government spending projections (billions of dollars, fiscal year basis) Source: Congressional Budget Office
70. … and they say spending will outstrip revenues* Long-term projections (billions of dollars, fiscal year basis) Source: Congressional Budget Office
71. The electorate won’t accept (1) a doubled tax burden … Long-term projections (percent of GDP) Source: Congressional Budget Office
72. The bond market won’t accept (2) a mounting debt service … Long-term projections (billions of dollars, fiscal year basis) Source: Congressional Budget Office
73. The (3.5%) growth* option … Long-term projections (billions of dollars, fiscal year basis) Source: Congressional Budget Office
74. … keeps the spending share in line with revenues Long-term projections (billions of dollars, fiscal year basis) Source: Congressional Budget Office
75. The growth* option … why it’s an issue Long-term projections (billions of dollars, fiscal year basis) Source: Congressional Budget Office
78. The consumer’s footprint may shrink in coming years … Consumer spending share of GDP (percentage of GDP ) Source: US Department of Commerce
79. … as pressures build to save more … Selected measures of saving (percent of disposable personal income) Sources: US Department of Commerce; Federal Reserve Board
80. … with balance sheets down for now … Saving (% of income) Net worth (ratio to income) Sources: US Department of Commerce; Federal Reserve Board
81. … depending on how we view our wealth … Household net worth (billions of dollars) (ratio to disposable personal income) Source: Federal Reserve Board
82. … [it’s mostly about stocks, not real estate] Household net worth (ratio to disposable personal income) Source: Federal Reserve Board
83. Household leverage is reversing … Household debt (ratio to disposable personal income) Source: Federal Reserve Board
84. … in the mortgage area … Interest rates (percent) Selected household debt measures (ratio to disposable income) Source: Federal Reserve Board
85. … and mortgage debt service is kinda normal … Debt service (% of income) Household mortgage debt (ratio to income) Source: Federal Reserve Board
86. … same for servicing credit card debt … Financial obligations of folks who rent (% of income) Non-mortgage debt level (ratio to income) Source: Federal Reserve Board
87. … for homeowners and renters alike Financial obligations of folks who rent (% of income) Non-mortgage debt level (ratio to income) Source: Federal Reserve Board
89. New realities spur a quiet revolution for transportation Prices of petroleum and natural gas (dollars per barrel, thermally-equivalent basis) Sources: American Petroleum Institute; Bloomberg
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