Here is my latest report on the United States.

1. KEY PERFORMANCE
INDICATORS FOR THE
UNITED STATES –
JANUARY 2022 AND
FEBRUARY 2022
Paul Young CPA CGA
April 1, 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

4. KEY MACRO AND MICRO INDICATORS
FOR THE UNITED STATES

5. DECEMBER 2021 – GDP
GDP - USA -
December 2021.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. DURABLE GOODS / KEY AREAS – USA
Source - https://www.census.gov/economic-indicators/index.php
Durable Goods -
USA.pdf

9. USA VS CANADA – RETAIL SALES
BMO -
https://economics.bmo.com/en/publications/detail/22b2cd6b-
9bd5-40bd-adb5-cc731fd39393/
https://economics.bmo.com/en/publicati
ons/detail/aa07ad91-c6e1-4f66-9955-
c8e8ab17638d/
U.S. Retail Sales The
Pause That Refreshes - Consumer spending.pdf
A Joyous January
Indeed.pdf

10. BMO – CONSUMER PRICE INDEX
U.S. Consumer
Inflation 'Entrenched'.pdf
Source -
https://economics.bmo.com/en/publications/detail/
2cb89f8c-5f2c-4cd1-b642-550ea67076e2/
Source – https://economics.bmo.com/en/publications/detail/e4802293-
87aa-4438-80bd-313b8f78f2dc/

11. USA VS CANADA EMPLOYMENT
U.S. Workers Ring In
the New Year In Style.pdf

12. NET NEW JOBS – UNITED STATES
Source - https://www.bls.gov/news.release/empsit.nr0.htm#
PRESENTATION TITLE 12
Employment - USA -
February 2022.pdf

13. TRADE ANALYSIS
- USA
https://www.census.gov/for
eign-trade/data/index.html
USA Trade -
December 2021.pdf

14. COUNTRY / TRADE – USA
Source – USA government

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

16. PRESENTATION TITLE 16
Summary:
U.S. equities were higher at the close on Friday, as gains in the Technology, Consumer Services and Consumer Goods sectors propelled shares
higher.
At the close in NYSE, the Dow Jones Industrial Average rose 0.80%, while the S&P 500 index climbed 1.17%, and the NASDAQ Composite
index climbed 2.05%.
The biggest gainers of the session on the Dow Jones Industrial Average were Salesforce.com Inc (NYSE:CRM), which rose 3.96% or 8.33 points
to trade at 218.74 at the close. Nike Inc (NYSE:NKE) added 2.98% or 3.80 points to end at 131.21 and Visa Inc Class A (NYSE:V) was up 2.65%
or 5.65 points to 219.10 in late trade.
Biggest losers included Verizon Communications Inc (NYSE:VZ), which lost 2.39% or 1.25 points to trade at 51.11 in late trade. Johnson &
Johnson (NYSE:JNJ) declined 1.11% or 1.97 points to end at 174.83 and Dow Inc (NYSE:DOW) shed 0.67% or 0.42 points to 62.42.
Source - https://ca.investing.com/news/stock-market-news/us-shares-higher-at-close-of-trade-dow-jones-industrial-average-up-080-2657089
1. Geopolitical risks - https://blogs.cfainstitute.org/investor/2022/03/18/the-russia-ukraine-war-and-other-geopolitical-risks/
2. Commodity - https://www.atb.com/wealth/good-advice/markets/rising-commodity-prices-and-their-impacts/ and
https://www.mining.com/web/the-worlds-biggest-commodities-markets-are-starting-to-seize-up/
3. LNG - https://www.houstonchronicle.com/business/energy/article/Venture-Global-pushes-forward-2-new-LNG-17012163.php and
https://www.globalconstructionreview.com/samsung-in-940m-contract-to-build-lng-power-plant-in-vietnam/
4. Housing - https://www.bnnbloomberg.ca/rising-mortgage-rates-won-t-be-enough-to-end-u-s-housing-boom-1.1739745
5. Debt https://www.bnnbloomberg.ca/video/growing-risk-of-broader-sovereign-debt-crisis-around-the-world-legal-expert~2405374 and
https://www.bnnbloomberg.ca/russia-default-fears-ease-as-key-debt-payments-reach-investors-1.1739477
6. Inflation - https://www.brookings.edu/blog/future-development/2022/03/18/inflation-could-wreak-vengeance-on-the-worlds-poor/
7. ESG - https://www.jdsupra.com/legalnews/companies-should-know-benefits-and-5755484/ and https://www.wolterskluwer.com/en/expert-
insights/the-5-biggest-hurdles-to-effective-esg-reporting
8. Stagflation - https://www.etftrends.com/active-etf-channel/threat-of-stagflation-and-recession-fears-could-push-yields-lower/
9. Food costs - https://ca.finance.yahoo.com/news/soaring-prices-everything-used-food-110008963.html
10. Critical Metals - https://investorintel.com/market-analysis/market-analysis-intel/jack-lifton-on-how-the-demand-for-critical-materials-for-
consumer-goods-has-made-china-the-center-of-the-earth/
Blog – What is next for the Stock Market – March 18, 2022
Rate Hikes Dot the
Landscape.pdf
Stock market news
live updates Stocks deliver best weekly performance since November 2020 as S&P 500 jumps 6% from last week.pdf
WestpacWeekly.pdf
WestpacWeekly.pdf The Russia–Ukraine
War and Other Geopolitical Risks CFA Institute Enterprising Investor.pdf
Rising commodity
prices and their impacts ATB Financial.pdf
The world’s biggest
commodities markets are starting to seize up - MINING.COM.pdf
Venture Global
pushes forward 2 new LNG facilities in Louisiana as global demand soars.pdf
Samsung in $940m
contract to build LNG power plant in Vietnam - Global Const
Rising Mortgage
Rates Won’t Be Enough to End U.S. Housing Boom - BNN Bloomberg.pdf
Growing risk of
broader sovereign debt crisis around the world Legal expert - Video - BNN.pdf
Russia default fears
ease as key debt payments reach investors - BNN Bloomberg.pdf
Inflation could wreak
vengeance on the world’s poor.pdf
Companies Should
Know Benefits and Risks of ESG Reporting Miles & Stockbridge P.C. - JDSupra.pdf
The 5 biggest
hurdles to effective ESG reporting Wolters Kluwer.pdf
Threat of Stagflation
and Recession Fears Could Push Yields Lower.pdf
Soaring Prices for
Everything Used to Make Food Brings More Inflation.pdf
How the demand for
Critical Materials for consumer goods has already made China the center of the Earth..pdf
U.S. shares higher at
close of trade; Dow Jones Industrial Average up 0.80% By Investing.com.pdf
Summary:
U.S. equities were higher at the close on Friday, as gains in the Technology, Consumer Services
and Consumer Goods sectors propelled shares higher.
At the close in NYSE, the Dow Jones Industrial Average rose 0.80%, while the S&P 500 index
climbed 1.17%, and the NASDAQ Composite index climbed 2.05%.
The biggest gainers of the session on the Dow Jones Industrial Average were Salesforce.com Inc
(NYSE:CRM), which rose 3.96% or 8.33 points to trade at 218.74 at the close. Nike Inc
(NYSE:NKE) added 2.98% or 3.80 points to end at 131.21 and Visa Inc Class A (NYSE:V) was
up 2.65% or 5.65 points to 219.10 in late trade.
Biggest losers included Verizon Communications Inc (NYSE:VZ), which lost 2.39% or 1.25
points to trade at 51.11 in late trade. Johnson & Johnson (NYSE:JNJ) declined 1.11% or 1.97
points to end at 174.83 and Dow Inc (NYSE:DOW) shed 0.67% or 0.42 points to 62.42.
Source - https://ca.investing.com/news/stock-market-news/us-shares-higher-at-close-of-trade-dow-
jones-industrial-average-up-080-2657089
1. Geopolitical risks - https://blogs.cfainstitute.org/investor/2022/03/18/the-russia-ukraine-war-
and-other-geopolitical-risks/
2. Commodity - https://www.atb.com/wealth/good-advice/markets/rising-commodity-prices-and-
their-impacts/ and https://www.mining.com/web/the-worlds-biggest-commodities-markets-
are-starting-to-seize-up/

17. HOUSING / UNITED STATES

18. PERSONAL INCOME
Source – USA Government
Personal Income
USA.pdf

19. CBO REPORT – BUDGET – UNITED
STATES – YTD FEBRUARY 2022
CBP Enforcement
Statistics Fiscal Year 2022 U.S. Customs and Border Protection.pdf

20. PERSONAL INCOME AND CONSUMPTION
• Blog – USA – Wages and Affordability
– January 2022
- Wages and Income continue to face
many challenges including potential
tax increases and high inflation
- Inflation continues to challenge
policy makers as it is at forty-year
high
- Housing costs continue to leave
many out of the housing markets
- Democratic states like California and
New York continue to have the
highest cost of living
• https://www.slideshare.net/paulyoun
gcga/wages-and-income-usapptx

21. 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 – Fiscal and Economic Scorecard – The United States – December 2021 and January 2022
GDP - USA -
December 2021.pdf
Personal Income
USA.pdf
CBP Enforcement
Statistics Fiscal Year 2022 U.S. Customs and Border Protection.pdf
US sanctions on
Russian oligarchs miss richest of rich The Times of Israel.pdf
US inflation rising
How Ukraine war could make it worse.pdf
Affordable housing is
a major local problem, more Americans now say Pew Research Center.pdf
Median Home Price
by State 2022.pdf
Unleashing U.S. Oil
Industry Offers Biden Path To Avoid Energy Crisi - Energy.pdf
Gas supply concerns
in Europe put US at center stage as flexible LNG supplier S&P Global Platts.pdf
US green metals
push needs a revamp of gold-rush mining law - MINING.COM.pdf
How Americans Carry
Their Debt - by Joan DeMartin.pdf
Mike Pompeo and
Governor Kristi Noem criticize Russian President Vladimir Putin while navigating potential 2024 runs - News Nation USA.pdf
Lithium Good News
for the Australian Mining Industry - CleanTechnica.pdf
Robust consumer
spending, core capital goods orders highlight U.S. economic strength Reuters.pdf
WRAPUP 3-Robust
consumer spending, core capital goods orders highlight U.S. economic strength Business.pdf
Why Sanctions on
Russia Aren't Targeting Oil and Gas Time.pdf
5 Top Rare Earth
Stocks on the ASX - Investing News Australia.pdf
Akamai Blog
Geopolitical Tensions Increase Risk of DDoS Attacks Among Other Damaging Intrusions.pdf
Summary:
USA is facing inflation challenge which could get worse due to the conflict in Russia. There is no
indication on when the USA will stop the imports of Russian oil -
https://www.devdiscourse.com/article/business/1938237-wrapup-3-robust-consumer-spending-core-
capital-goods-orders-highlight-us-economic-strength
Americans are struggling with high cost living along with trying to find affordable housing.
USA continues to rely heavily on imports from China. USA continues to struggle with diversifying imports
in areas like solar panels and critical metals. https://investingnews.com.au/best-rare-earth-stocks-asx
Geopolitical risks continue to impact many countries -
https://www.akamai.com/blog/security/increasing-ddos-attacks-geopolitical-tension
1. USA sanctions - https://www.timesofisrael.com/liveblog_entry/us-sanctions-on-russian-
oligarchs-miss-richest-of-rich/
2. Inflation - https://nypost.com/2022/02/25/us-inflation-rising-how-ukraine-war-could-make-it-
worse/
3. Housing - https://www.pewresearch.org/fact-tank/2022/01/18/a-growing-share-of-americans-
say-affordable-housing-is-a-major-problem-where-they-live/
4. Home price - https://worldpopulationreview.com/state-rankings/median-home-price-by-state
5. USA oil output - https://www.forbes.com/sites/daneberhart/2022/02/25/unleashing-us-oil-
industry-offers-biden-path-to-avoid-energy-crisis/?sh=3236989f2c8b
6. LNG - https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/022522-
gas-supply-concerns-in-europe-put-us-at-center-stage-as-flexible-lng-supplier

22. 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

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