Thursday, September 3, 2009

OECD Report on the Global Economy

The OECD issued a new report today where they upped their predictions for global growth. The report contains some good information about the current state of the US economy. Consider the following charts (click on all for a larger image):


Note the jump in export orders -- they're back in positive territory.




Business confidence has increased


Trade volume has stabilized

Inventories are still dropping. But at some time, these will have to be restocked.




The rates of GDP decline are clearly slowing. In some countries we are seeing positive GDP prints.




Both corporate and money market spreads have come down. In addition,


Although banks are still tightening credit, the percentage of banks doing so is decreasing.

Bottom line: the stage is being set for growth.