1. Global Economic Outlook June 2009

2. Good News

6. Credit Standards Getting Easier

9. Foreign Ownership of Stocks and Bonds

10. 10-yr Treasury Yields

11. Concerns

12. Sources of Economic Growth

15. Percent of Long-term Unemployed

17. Unemployment Rate and NAIRU

18. Housing

22. State & Local Governments

23. S&L Budget Gaps

24. State and Local Government Drag

25. S&L Purchases as % of GDP

26. Sales Tax Collections

27. State and Local Property Taxes

28. Stimulus No Ammunition

30. Budget Deficits % of GDP

34. Exit Strategy

36. Real Federal Funds Rate

37. Inflation Expectations

38. OOOOOOoooutp Output Gap

40. Taylor’s Rule Actual Federal Funds Rate

41. Change Policy Language Interest Rate Sell MBS

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

43. European Economic Growth

44. European Bank’s Exposure to Greece Billions of US dollars

45. Share of U.S. Exports

47. Outlook Bought Time Vs. Deficits Remain

49. Debt Maturity Schedule

52. Who Should Leave Euro? PIGS Germany

53. Euro Breakup? Political Union Vs. Economic Union

54. Two Euros Black Euro Vs. Red Euro

55. Global Debt Problem

56. Solve Debt Problem? Growth Default Inflation

57. Debt to GDP Over 90%: 1.7% Vs. Below 30%: 3.5%

58. Over 100% Stunt Growth

59. Euro Economic Growth (% change Year over Year) Forecast

60. Asia Economic Growth

61. Asia:V-Shaped Trade Rebound Inventory Building Capital Inflows Strong Domestic Demand Weak Financial Sys.

62. Asian Dependence on Europe

63. Asian Exports to AE and China

64. China’s Economy

65. China’s Infrastructure Spending

66. China’s Bank Lending

67. China’s Property Prices

68. China’s Inflation

69. Value of Chinese Yuan

70. China’s Economic Growth (% Change Year over Year) Forecast

71. Global Imbalance

72. Rebalancing Global Trade

73. Stocks

74. Contrarian Indicator?

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