• Embed Doc
  • Copy Link
  • Readcast
  • Collections
  • CommentGo Back
Download
 
How Public Markets Helped Us Get in This Mess, and How They Might Get UsOut (Eventually)
May 7, 2009David LoebManaging Director, Senior Real Estate Research AnalystRobert W. Baird & Co.dloeb@rwbaird.com414.765.7063
Please refer to Appendix -Important Disclosures and Analyst Certification on page 25.
 
How Did We Get Here?
 
Baird Real Estate Research | 3
US Money Supply (M2), 1999-2009
Source: Philadelphia Fed 
4,0004,5005,0005,5006,0006,5007,0007,5008,0008,5001999200020012002200320042005200620072008
   M  o  n  e  y   S  u  p  p   l  y   (   B   i   l   l   i  o  n  s   )
US Trade Deficit, 1999-2008
Source: Bureau of Economic Analysis 
(800)(700)(600)(500)(400)(300)(200)(100)-1999200020012002200320042005200620072008
   T  r  a   d  e   D  e   f   i  c   i   t   (   B   i   l   l   i  o  n  s   )
Lots of Money, Mostly Going Overseas
Money Supply
:grew 6.5%annually 1999-2009
Trade Deficit
:1999-2008cumulative UStrade deficit: $5.4trillion
of 00

Leave a Comment

You must be to leave a comment.
Submit
Characters: ...
You must be to leave a comment.
Submit
Characters: ...