Message-ID: <8028077.1075845253008.JavaMail.evans@thyme> Date: Fri, 8 Jun 2001 08:55:37 -0700 (PDT) From: distribution@pira.com To: sande@pira.com Subject: PIRA Presentation on the U.S. Economy Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: "PIRA Distribution" @ENRON X-To: PIRA Energy Retainer Client X-cc: X-bcc: X-Folder: \May, Larry\May, Larry\Inbox X-Origin: MAY-L X-FileName: May, Larry.pst Dear PIRA Client, PIRA has created a new slide presentation on the U.S. economy. You can access this presentation via PIRA Online (www.pira.com) by logging in and choosing "US Economy" from the new "Macro Data" drop-down menu at the top of the screen. The table of contents is listed below. Given the overall importance of U.S. economic trends and their impact on local and international energy markets, PIRA maintains and analyzes a database of key economic indicators. This effort supports our ongoing analyses of energy supply/demand fundamentals and the associated market forecasts. This slide presentation - which will be updated as new data become available - is being made available complimentarily to all PIRA clients to support their own analyses. Gary N. Ross Chief Executive Officer PIRA Energy Group If you need a user name and password for PIRA Online, or if you need help logging in, please contact John Graziano at (212) 686-6808, email: support@pira.com. ANATOMY OF THE U.S. ECONOMY SLIDE SHOW OF KEY FACTORS DRIVING U.S. ECONOMIC GROWTH JUNE 7, 2001 1) Summary 2) U.S. Real GDP Growth 3) U.S. Economy At Glance 4) U.S. GDP Statistics (Billions 1996 $) 5) Consumer Sector 6) S&P 500 Stock Price Performance (As Of April 30, 2001) 7) Retail Sales 8) Service Employment (A Proxy Of Service Spending) 9) U.S. GDP And Employment Growth 10) Consumer Confidence Index 11) Initial Jobless Claims 12) Real Consumer Spending And NASDAQ Stock Prices 13) Household Wealth And Savings Rate 14) Pension Fund Reserves And Savings Rate 15) Asset Holdings Of U.S. Households 16) Financial Situation Of U.S. Households (Quarter-To-Quarter Changes) 17) Business Investment Sector 18) Spending On Computer Equipment: Key Driver Of Recent U.S. Economic Growth 19) Numbers Point To Weaknesses In Manufacturing 20) Real Durable Goods Orders 21) Big 3 Economies' Interest Rates Lead Industrial Activities By One Year 22) Business Inventory 23) Total Business Inventory/Sales Ratio 24) Housing Sector 25) U.S. Housing Starts 26) Government Sector 27) Export/Import Sector 28) During The 1990s, Both Exports And Imports Grew, But Trade Deficit Soared 29) Keys To Short-Term Economic Outlook 30) Federal Reserve Policy Changes: Fed Funds Target Rates Since 1996 31) U.S. Money Supply (M2) Growth 32) Treasury Note Yield Curb: No Longer Inverted 33) Non-Farm Business Productivity (Output Per Hour) 34) U.S. GDP Growth And PIRA Barometer For U.S. Economy - winmail.dat