1. What of the future? Gabriel Martinez, Ph.D. Ave Maria University August 2007 14,000 3.4% 0.6%

2. Dow Jones Industrial Average

3. Volatility Index

4. Value of the Dollar % Increase http://research.stlouisfed.org/fred2/

5. Current Account / Real GNP % Increase http://research.stlouisfed.org/fred2/

6. Real Gross Domestic Product http://research.stlouisfed.org/fred2/ % Growth

7. Interest Rates

8. Global Growth Projections

9. Implied probability SEPTEMBER FOMC MEETING OUTCOMES 4.25% 5.00% 5.25% 5.50% 4.75% 4.50% (Advance) Durable goods report, New home sales Existing home sales

10. Implied probability OCTOBER FOMC MEETING OUTCOMES 4.25% 5.00% 5.25% 5.50% 4.75% 4.50% (Advance) Durable goods report, New home sales Existing home sales

11. Implied probability DECEMBER FOMC MEETING OUTCOMES 5.00% 5.25% 5.50% 4.75% 4.25% 4.50% 4.00% (Advance) Durable goods report, New home sales Existing home sales

12. Consumption http://research.stlouisfed.org/fred2/ % Growth

13. Growth in Retail and Food Sales http://research.stlouisfed.org/fred2/ % Growth

14. Consumer Credit Outstanding http://research.stlouisfed.org/fred2/ % Growth

15. Household Debt Service and Financial Obligations http://research.stlouisfed.org/fred2/ % of Personal Income after Taxes

16. Consumer Sentiment Index http://research.stlouisfed.org/fred2/

17. Light Weight Vehicle Sales: Autos & Light Trucks http://research.stlouisfed.org/fred2/ % Growth (4-month average)

18. Average Hourly Earnings http://research.stlouisfed.org/fred2/ % Growth

19. Unemployment Rate http://research.stlouisfed.org/fred2/

20. Duration of Unemployment in Months http://research.stlouisfed.org/fred2/

21. Initial Claims for Unemployment Insurance http://www.ows.doleta.gov/unemploy/wkclaims/report.asp?

22. Aggregate Weekly Hours Index http://research.stlouisfed.org/fred2/ % Growth

23. Total Nonfarm Payrolls: All Employees http://research.stlouisfed.org/fred2/ % Growth

24. Investment http://research.stlouisfed.org/fred2/

25. Corporate Profits after Tax % Growth http://research.stlouisfed.org/fred2/

26. Manufacturers' New Orders: Durable Goods http://research.stlouisfed.org/fred2/ % Growth

27. Manufacturers' New Orders: Nondefense Capital Goods Excluding Aircraft http://research.stlouisfed.org/fred2/ % Growth

28. Industrial Production http://research.stlouisfed.org/fred2/ % Growth

29. Inventory to Sales Ratio http://research.stlouisfed.org/fred2/ % Growth

30. ISM Manufacturing: PMI Composite Index http://research.stlouisfed.org/fred2/ A PMI reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent that it is generally declining.

31. Total Capacity Utilization http://research.stlouisfed.org/fred2/

32. Private Nonresidential Fixed Investment http://research.stlouisfed.org/fred2/

33. National Home Builder’s Housing Market Index http://www.nahb.org

34. Housing Starts http://research.stlouisfed.org/fred2/ Thousands of Units

35. Building Permits http://research.stlouisfed.org/fred2/ Thousands of Units

36. Existing Home Sales http://research.stlouisfed.org/fred2/ Home sales in millions of homes

37. Month’s Supply of Homes http://research.stlouisfed.org/fred2/ Home sales in millions of homes

38. Median Home Prices http://research.stlouisfed.org/fred2/ Home sales in millions of homes % Growth

39. Mortgage Rate http://research.stlouisfed.org/fred2/ Home sales in millions of homes

40. Los precios no volverán a resurgir hasta que las ventas vuelvan a su tendencia y a su pico de 7,250,000.

41. Actual and Predicted Home Prices

42. Actual and Predicted Family Income

43. Actual and Predicted Mortgage Rate Percentage Points

44. Demand (NAHB HMI) and Supply (Housing Starts), 2005-2007 Paralized supply, falling demand

45. Affordability Index Stable prices, higher mortgage rates, and slower income growth keep “affordability” from rising

46. Consumer Inflation http://research.stlouisfed.org/fred2/

47. Expectations of Inflation http://research.stlouisfed.org/fred2/

48. Producer Inflation http://research.stlouisfed.org/fred2/

49. Cost of Labor % Growth http://research.stlouisfed.org/fred2/

50. Oil Price http://research.stlouisfed.org/fred2/