Presentation is loading. Please wait.

Presentation is loading. Please wait.

Wells Fargo Economics Scott Anderson, Ph.D. Vice President Senior Economist Plunging Into The New Year Durango, CO January 9, 2008.

Similar presentations


Presentation on theme: "Wells Fargo Economics Scott Anderson, Ph.D. Vice President Senior Economist Plunging Into The New Year Durango, CO January 9, 2008."— Presentation transcript:

1 Wells Fargo Economics Scott Anderson, Ph.D. Vice President Senior Economist Plunging Into The New Year Durango, CO January 9, 2008

2 U.S. Economy SevereRecession Worst in Post- War Period

3

4

5

6

7

8

9

10 U.S. Recession Comparisons PCE (%) NRFI (%) UE (PP) Jobs (%) Jobs (#, mil) ’73-’75-1.8%NA+4.1-2.0%-1.6 ’81-’82-0.8%NA+3.3-3.0%-2.7 ’90-’91-1.1%-8.2%+2.3-1.4%-1.5 ’08-’09-3.1%-12.3%+4.4-4.0%-5.5 Source: BEA; BLS; Wells Fargo Economics Peak to trough changes

11

12 A Credit Crisis In The Making

13

14

15

16

17 February 22, 2008 Copyright 2008 The New York Times Company Copyright 2008The New York Times Company

18

19 Banks Tightening Credit Across The Board

20 Senior Loan Officer Survey Credit Crunch

21

22 Little Appetite for Risk

23 Credit Spreads Near Record Peaks

24 Where Does This Leave the Housing Market?

25

26

27

28

29

30

31

32 Washington to the Rescue! Stimulus, Stimulus, and More Stimulus

33 Fed Activity Federal Funds Target Rate Source: Federal Reserve

34

35 Liquidity Improved But Still Abnormal! Despite Fed’s Extensive Credit Facilities and Lending

36

37

38

39

40

41

42 Inflation Turns into Deflation??

43

44

45

46


Download ppt "Wells Fargo Economics Scott Anderson, Ph.D. Vice President Senior Economist Plunging Into The New Year Durango, CO January 9, 2008."

Similar presentations


Ads by Google