"are things really that bad?"
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614 Landis Avenue, Vineland, NJ 08360800-257-7013www.cumber.com
“Are Things Really that Bad?”
GIC27th Annual Monetary and
Trade ConferenceApril 2009
Dr. Robert A. EisenbeisChief Monetary Economist
Cumberland Advisors
614 Landis Avenue, Vineland, NJ 08360800-257-7013www.cumber.com Chart 2
Introduction and Outline of Talk
• Press would have you believe that we are on the brink of another Great Depression
• How do we compare with previous recessions?• How do we compare with the Great Depression?
614 Landis Avenue, Vineland, NJ 08360800-257-7013www.cumber.com Chart 3
• Real GDP• Personal Consumption• Corporate Profits• Investment• Employment
614 Landis Avenue, Vineland, NJ 08360800-257-7013www.cumber.com Chart 4
614 Landis Avenue, Vineland, NJ 08360800-257-7013www.cumber.com Chart 5
614 Landis Avenue, Vineland, NJ 08360800-257-7013www.cumber.com Chart 6
614 Landis Avenue, Vineland, NJ 08360800-257-7013www.cumber.com Chart 7
• Real GDP
• Personal Consumption• Corporate Profits• Investment• Employment
614 Landis Avenue, Vineland, NJ 08360800-257-7013www.cumber.com Chart 8
614 Landis Avenue, Vineland, NJ 08360800-257-7013www.cumber.com Chart 9
• Real GDP• Personal Consumption
• Corporate Profits• Investment• Employment
614 Landis Avenue, Vineland, NJ 08360800-257-7013www.cumber.com Chart 10
614 Landis Avenue, Vineland, NJ 08360800-257-7013www.cumber.com Chart 11
614 Landis Avenue, Vineland, NJ 08360800-257-7013www.cumber.com Chart 12
• Real GDP• Personal Consumption• Corporate Profits
• Investment• Employment
614 Landis Avenue, Vineland, NJ 08360800-257-7013www.cumber.com Chart 13
614 Landis Avenue, Vineland, NJ 08360800-257-7013www.cumber.com Chart 14
614 Landis Avenue, Vineland, NJ 08360800-257-7013www.cumber.com Chart 15
• Real GDP• Personal Consumption• Corporate Profits• Investment
• Employment
614 Landis Avenue, Vineland, NJ 08360800-257-7013www.cumber.com Chart 16
614 Landis Avenue, Vineland, NJ 08360800-257-7013www.cumber.com Chart 17
614 Landis Avenue, Vineland, NJ 08360800-257-7013www.cumber.com Chart 18
614 Landis Avenue, Vineland, NJ 08360800-257-7013www.cumber.com Chart 19
614 Landis Avenue, Vineland, NJ 08360800-257-7013www.cumber.com Chart 20
614 Landis Avenue, Vineland, NJ 08360800-257-7013www.cumber.com Chart 21
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