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If It Ain t a Mess

PDCF. Discount Window. September 12. September 19. Dow Jones. 11422. 11391. 6-Month Treasury. 1.55%. 1.51%. 10-Year Treasury. 3.72%. 3.75%. ABX 06-02 AAA. 148.5. 150. Source: Kevin Dehler, HSBC Securities. Goldman Sachs and Morgan Stanley, the last big surviving investment banks on Wall Street, have become regulated banks..

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If It Ain t a Mess

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    1. If It Aint a Mess Remarks prepared for the Louisiana Association of Public Employees Retirement Systems Conference New Orleans, Louisiana September 23, 2008

    12.

    18. RECESSION? a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, employment, income, industrial production, and sales

    20. Industrial Production

    21. Personal Income less Transfers

    22. Personal Consumption Expenditures

    23. Total Business Sales Source: Census Bureau

    24. Retail Sales

    26. First Ingredient: The Housing Market

    28. Housing Starts

    29. Second Ingredient: Credit Markets

    30. House Prices

    33. From the Feds Senior Loan Officer Survey: Q3

    34. Third Ingredient: Energy

    35. Crude Oil Price

    36. Dont look for the pony.

    37. Scooby Do Forecast*

    38. If It Aint a Mess

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