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StraightTalk®
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June 2008
Deconstructing Free Markets
This is the last issue written by Gail Fosler, who is now assuming fully the role of president of The Conference Board. Bart van Ark who has taken over the role of chief economist will assume full control of StraightTalk with the July/August issue, providing the same clear judgments and independent thinking that you have come to expect. This issue also includes Bart's overview of global weakness, including Europe, and how productivity growth may help some economies through this slowdown. A more detailed analysis of the weak U.S. conditions, which will continue into summer and fall, is also included in the forecast section.
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StraightTalk is a monthly publication from the President of The Conference Board. It provides economic research, objective analysis, and forecasts to help new economy business executives assess economic conditions impacting their markets.
Download a sample issue (293 KB).
Updated: July 1, 2008
| 2008 | 2009 | 2007 |
2008 |
2009 |
|||||
IQ* |
II Q |
III Q |
IV Q |
IQ |
II Q |
Annual |
Annual |
Annual |
|
Real GDP |
1.0 |
1.2 |
0.4 |
1.2 |
1.7 |
2.6 |
2.2 |
1.5 |
1.8 |
CPI Inflation |
4.3 |
5.1 |
6.2 |
3.0 |
3.5 |
3.5 |
2.9 |
4.6 |
3.8 |
Real Consumer Spending |
1.1 |
2.2 |
0.5 |
0.7 |
1.9 |
2.7 |
2.9 |
1.7 |
1.8 |
Unemployment Rate (%) |
4.9 |
5.3 |
5.5 |
5.6 |
5.7 |
5.6 |
4.6 |
5.3 |
5.6 |
90 Day T-Bills (%) |
2.15 |
1.62 |
1.96 |
2.09 |
2.34 |
2.59 |
4.38 |
1.96 |
2.67 |
10 Yr Treas Bonds (%) |
3.66 |
3.88 |
4.22 |
4.32 |
4.57 |
4.82 |
4.63 |
4.02 |
4.94 |
* Actual data
