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Microsoft Word - 03-15-2012 - EOTM - What a diff'rence a day makes.docx
e US economy could not withstand a withdrawal Latin America 2,747 754 1,010 28 of stimulus right now, but I also do not see the Fed actively Source: Haver. Data as of Q4 2010. withdrawing it. Whatever rain dance the Fed is doing to keep inflation low, they better keep doing it. A chart I saw on the hi
Page: HOUSE_OVERSIGHT_024132 →other factors, payroll growth does not look quite as good as reported, but is still positive. The trend is supported by the latest Manpower surveys, Institute for Supply Management surveys, JOLTS surveys, etc, all of which show growing demand for labor. Even state and local government firmg has finally come to an end, which was
Page: HOUSE_OVERSIGHT_024132 →an, Jerome Powell, we are in “extraordinary times” of steady growth and low inflation. Economic Growth Economic growth remains firm in the US. Both the Institute for Supply Management leading indexes for manufacturing and non-manufacturing remain at very strong levels. Current activity indicators of real GDP growth average about 3.
Page: HOUSE_OVERSIGHT_026895 →earnings data for production and nonsupervisory employees, ~80% of the private sector, is available back to 1964. Source: Investment Strategy Group, Haver. Source: Investment Strategy Group, Haver. Of course, the recent backup in interest rates is providing equity investors with another source of angs
Page: HOUSE_OVERSIGHT_026897 →es. HOUSE_OVERSIGHT_026905 --- PAGE BREAK --- Sources: Investment Strategy Group, Bloomberg, Datastream, Goldman Sachs Global Investment Research, Haver. Endnotes: (1) Kate Davidson and Sarah Chaney, “Fed Chair Powell Sees ‘Remarkably Positive Set of Economic Circumstances,” The Wall Street Journal,
Page: HOUSE_OVERSIGHT_026906 →an, Jerome Powell, we are in “extraordinary times” of steady growth and low inflation. Economic Growth Economic growth remains firm in the US. Both the Institute for Supply Management leading indexes for manufacturing and non-manufacturing remain at very strong levels. Current activity indicators of real GDP growth average about 3.
Page: HOUSE_OVERSIGHT_026910 →1% | 0% t t t t t t t t t t t t t t 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 Source: Investment Strategy Group, Haver. Of course, the recent backup in interest rates is providing equity investors with another source of angst. Yet our work suggests there are several
Page: HOUSE_OVERSIGHT_026912 →Entities connected to both Haver and the Institute for Supply Management

United Kingdom
LOCATIONthe Prudential Regulation Authority
ORGANIZATION
Donald Trump
PERSONthe Dubai Financial Services Authority
ORGANIZATIONThe Monetary Authority of Singapore
ORGANIZATION
Chile
LOCATION
Datastream
ORGANIZATION
Goldman Sachs
ORGANIZATION
United Arab Emirates
LOCATION
the European Commission
ORGANIZATIONthe Investment Management Division
ORGANIZATIONThe Investment Strategy Group
ORGANIZATION
Marc Rich
PERSONGoldman Sachs & Co. LLC
ORGANIZATIONGoldman Sachs Canada
ORGANIZATION
Goldman Sachs (Asia) L.L.C.
ORGANIZATION
Goldman Sachs (Singapore) Pte
ORGANIZATION
Jerome Powell
PERSON
Andrés Manuel Lopes Obrador
PERSON
Jair Bolsonaro
PERSON