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Transcript
2010
A long journey back
Presentation for:
California Municipal Treasurers’ Association
Presented by:
Paul Randelman, Regional Sales Manager
September 2010
I may not have gone where I intended to go, but I think I
have ended up where I needed to be.
-Douglas Adams
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The Good
3
GDP has recovered
Source: Bloomberg
4
After a long, deep recession
Source: Bloomberg
5
Individuals are back
Source: Bloomberg
6
The pace of government spending has
slowed
Source: Bloomberg
7
Consumers are charging less
Source: Bloomberg
8
Consumers are paying off debt
Source: Bloomberg
9
And saving more
Source: Bloomberg
10
The Bad
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State and local government spending down
Source: Bloomberg
12
And saving more
Source: Bloomberg
13
Payrolls have bottomed (hopefully)
Source: Bloomberg
14
But it will be a long way back
Source: Bloomberg
15
Corporate spending is coming back
Source: Bloomberg
16
The Ugly
17
Existing home sales at record low
Source: Bloomberg
18
New home sales at record lows
Source: Bloomberg
19
Despite population growth
Source: Bloomberg
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Two Thoughts
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Austerity Programs are NOT GDP Enhancers
- Rick Santelli
22
Be fearful when others are greedy and be greedy when
others are fearful.
- Warren Buffett
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The opinions expressed in this presentation are general in nature and not intended to provide specific advice or recommendations.
Contact your investment representative, attorney, accountant or tax advisor with regard to your specific situation. The opinions of the author
do not necessarily reflect those of Wells Fargo Institutional Securities, LLC or any other Wells Fargo entity.
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© 2010 Wells Fargo Securities, LLC. All rights reserved. For public use.
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