The document discusses three main topics: the improving outlook for U.S. gas exports, Goldman Sachs' $428 million loss, and the modest growth of the U.S. economy over the summer. The increase in gas prices and demand following a nuclear accident contrasts with Europe's hesitance to invest amidst a debt crisis. Despite high unemployment and low consumer confidence, the U.S. GDP grew 2.5% in the third quarter, influenced by reductions in Greek debt.

1. Slidecast – oral assessment
Lisa Langbeen
2FV01
7/11/2011 Lisa Langbeen - 2FV01 1

2. Subject of the 3 articles
 Outlook brightens for US gas exports
 Goldman reports $ 428m loss
 US economy grew at modest rate over
summer
7/11/2011 Lisa Langbeen - 2FV01 2

3. 1. Outlook brightens for US
gas exports
 Asia:
 Prices climbed 50% since March
 Investments required  export possible
 Nuclear accident
 Global demand is rising
 Drilling is booming
 American companies can invest
7/11/2011 Lisa Langbeen - 2FV01 3

4. 1. Outlook brightens for US
gas exports
 If Europe does the same  prices will
decrease
 Greece: debt crisis
 July: 21% discount
 Now thinking about 30% to 50% reduction
Accounting trick
7/11/2011 Lisa Langbeen - 2FV01 4

5. 1. Outlook brightens for US
gas exports
 Europe hesitates
 More gentle approach
 Losses over time
 Lower losses in future
7/11/2011 Lisa Langbeen - 2FV01 5

6. 2. Goldman reports $ 428m
loss
 = investment bank in US
 2nd time since 1999: no profit
 Disappointed
 Lower confidence
 Declining asset prices
7/11/2011 Lisa Langbeen - 2FV01 6

7. 2. Goldman reports $ 428m
loss
 Stake in Industrial and Commercial
Bank of China: also a loss
 Surplus of bank transactions increased
 Deal activity
 Capital markets
Ready to go
7/11/2011 Lisa Langbeen - 2FV01 7

8. 3. US economy grew at
modest rate over summer
 GDP (Dutch: BBP) grew 2.5% in third quarter
 boosts markets but:
- Unemployment still high but it’s dropping
- Consumer confidence still low
 Because of breakthrough in debt crisis
 50% cut on Greek debts
7/11/2011 Lisa Langbeen - 2FV01 8

9. 3. US economy grew at
modest rate over summer
 Durable goods
 Consumers: cars and refrigerators
 Businesses: equipment and software
 GDP: better than expected
7/11/2011 Lisa Langbeen - 2FV01 9

10. 3. US economy grew at
modest rate over summer
 Link
 Greece
○ Debt crisis
○ Reduction
○ Effecting other countries  small growth
 Export
○ Future prospect  little growth
7/11/2011 Lisa Langbeen - 2FV01 10

11. Conclusion
 Different subjects
 Related
 Economy: effect on several countries
7/11/2011 Lisa Langbeen - 2FV01 11

12. Thanks for listening
7/11/2011 Lisa Langbeen - 2FV01 12