1. Go West California
February 2012 1 1

2. Global Economic Growth

4. Decelerating Not Collapsing
World Economies
Decelerating
Not Collapsing 4 4

6. Avoid Recession Slower Growth
Advanced Economies
Avoid Recession
Except Euro
Slower Growth 6 6

8. Deteriorating External Environment Slower Domestic Demand
Emerging Economies
Weaker Growth
Deteriorating External Environment
Slower Domestic Demand 8 8

9. Lower Global Inflation
Demand Softens
Lower Comm. Prices
Weaker Food Prices
Volatile Oil Prices 9 9

10. U.S. Economy

14. Not Out of Woods 14 14

16. U.S. Labor Force: Millions

17. Illegal Aliens Apprehended

18. 65+
55+
25-54
20-24
16-19

24. Housing’s GDP Share

25. Housing Affordability Index

27. Apartment Rent Increases Y/Y

28. Rent vs. Own

29. Rent Increases and Desire for Homeownership

30. Change In House Price

31. Home Prices w/ and w/o Distressed Sales

32. U.S. Economic Growth
(% Change Year over Year)
Forecast
Zero

33. Will Euro Survive?

34. Recipe for Recession Credit Crunch Fiscal Restraint Low Confidence34 34

35. Eurozone Economic Growth
(% Change Year over Year)
Forecast
Zero

36. Eurozone Jobless Rate

37. Austerity Restructure Loans Fiscal Union Breakup
What to Do?
Austerity
Restructure Loans
Fiscal Union
Breakup 37 37

38. Outstanding Debt by Country
Ireland
Portugal
Greece
Spain
Italy
Ire I

39. Asia: Go West

40. Asia’s Contribution to Global GDP Growth

41. Investments in Asia

42. Asia Place to Produce Invest Sell42 42

43. Asia
Not Just Cheap Goods 43 43

45. Computational Photography

46. Video 46 46

47. China

48. Who’s Bigger? China or Japan

50. U.S. Treasury Securities
8% of all
25% of foreign owned 50 50

51. China
Big Consumer 51 51

52. China’s Love Affair with Cars

53. Buy a Car and Buy a Flat

54. China Inflation

56. Growth, Not Inflation

57. China Risks Europe Real Estate Local Gov’t Debt57 57

58. Breakup Euro?

59. House Prices for Asian Cities

60. New Home Prices in China
70 Cities

63. China’s Trade Surplus

64. Chinese Currency Appreciation

65. China: Current Account Surplus % GDP
10.1%
U.S. Says
2.7%

66. Japan Unemployment Rate

67. Recovery after Tsunami
Japan Risks
Exports to Europe
Strong Yen
Recovery after Tsunami 67 67

68. Wise, Strong, Rich

69. Risks Medium-term Euro: Sovereign Debt Crisis U.S and Japan: Deficits
China: Real Estate Bubble
Oil: Iran Supply Shock
pan
Weaker Food Prices
Volatile Oil Prices 69 69

70. DrSohn.com
(not Dr.Sohn.com) 70 70