2. 2009 Forecast – New Equipment

3. Forecast Accuracy

4. Historical Machine Tool Consumption

5. Machine Tool Demand Curve

6. Fed Funds Rate Leads Consumer DG Spending

7. Household Debt Leads Consumer DG Spending

8. Avg. Hourly Earnings Leads Consumer DG Spending

9. Consumer DG Spending Leads Consumer DG Production

10. Consumer DG Production Leads Machine Tool Unit Sales

11. Real Consumer Spending Leads Capital Goods Orders

12. Capital Goods Orders Leads Capital Goods Production

13. Capital Goods Production Leads Machine Tool Unit Sales

14. Combined Industrial Production Leads Machine Tool Unit Sales

15. Metalcutting Categories - % of Budget

16. Turning Machines and Machining Centers – % of Budget

17. Overall Metalcutting Spending by Industry Segment

18. Electronics/Computers – All Sizes, All Operations

19. Electronics/Computers – 250+ Emp., All Operations

20. Electronics/Computers – 250+ Emp., HSM

21. Electronics/Computers – 250+ Emp., HSM, OH

22. Electronics/Computers – 1-49 Emp., HSM, OH

23. Metalworking Business Index

24. Factors to Consider The Dollar The Era of Frugality The Debt Crisis
The Government

25. Fed Funds Rate vs. The Dollar

26. Factors to Consider The Dollar The Era of Frugality The Debt Crisis
The Government

27. Total Credit Market Debt as a % of GDP

28. Factors to Consider The Dollar The Era of Frugality The Debt Crisis
The Government

29. One Final Thought Economics in One Lesson – Henry Hazlitt
“It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But, it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.” – Murray Rothbard
Economics for Real People – Gene Callahan
Economics in One Lesson – Henry Hazlitt
What has Government Done to Our Money – Murray Rothbard

30. Contacts Forecasting Tools Steve Kline, Jr. skline2@gardnerweb.com
Capital Spending Survey
Nancy Eigel-Miller

31. Thank You