39th Annual Economic Forecast Conference, Thursday, January 13, 2011 (Seattle, WA). 2011 Forecast - Ken Goldstein, The Conference Board

1. 39th Annual Economic Forecast Conference

3. Mike Dueker, Russell Investments

4. Dick Conway, Puget Sound Economic Forecasterwww.enterpriseSeattle.org

5. PROGRESS, FOR NOW Ken Goldstein WWW.CONFERENCE-BOARD.ORG

6. Overview: Recovery Has Some Momentum Ditto Global Economy - Even In Euro-Zone (4.2% in 2011, 4.5% in 2012) Food + Energy + Commodity Prices: Rising Housing Still A Drag Currency Speculation

7. Global Economy Coming Back Source: IMF, The Conference Board

8. The Changing Make Up Of The Work Force Note: younger = from 16 to 24, older = 55 and over Source: BLS, Statistics Bureau (Japan), The Conference Board

9. In All Regions – Even The Euro-Zone Note: Shaded areas represent recessions Source: The Conference Board

10. Iffy Prospects For Service Sector Jobs Note: Shaded areas represent recessions Source: TNS, NFO, The Conference Board

11. Dimmer Prospects For Incomes Note: Shaded areas represent recessions Source: TNS, The Conference Board

12. Housing Still a Drag West Source: Freddie Mac, The Conference Board

13. Progress, For Now

14. Price Split Source: Department of Energy, The Conference Board

15. Wealth destruction phase Cresting Note: Shaded areas represent recessions Source: The Conference Board

16. Euro Premium Drowning In Greece Note: Shaded areas represent recessions Source: FRB, The Conference Board

17. In A Panicky World – Flight To Safety Note: Shaded areas represent recessions Source: FRB, The Conference Board

18. Investment Constrained Source: SBA, The Conference Board