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Principal Global Investors The Lowdown on the Slowdown BOB BAUR, PHD CHIEF GLOBAL ECONOMIST October 2010 All expressions of opinion and predictions in this report are subject to change without notice. This report is not intended to be, nor should it be relied upon in any way as a forecast or guarantee of future events regarding a particular investment or the markets in general. All opinions expressed are those of Principal Global Investors.
But, Is That the Whole Story? ,[object Object],[object Object],[object Object],[object Object]
Financial Crisis Hits Economy…
And Employment
Great Start to Recovery
Moderate Economic Growth
Job Doldrums
Moderate Recovery Continues ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
China Driving Growth ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
In the United States ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What Happened? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Main Risk ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Double-Dip Ahead? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
U.S. Investment Themes ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Legal Stuff ,[object Object],[object Object],[object Object],[object Object]
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Lowdown on the Slowdown

  • 1. Principal Global Investors The Lowdown on the Slowdown BOB BAUR, PHD CHIEF GLOBAL ECONOMIST October 2010 All expressions of opinion and predictions in this report are subject to change without notice. This report is not intended to be, nor should it be relied upon in any way as a forecast or guarantee of future events regarding a particular investment or the markets in general. All opinions expressed are those of Principal Global Investors.
  • 2.
  • 5. Great Start to Recovery
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.