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ECONOMIC OUTLOOK: IMPLICATIONS FOR AG LENDERS. Remarks by Mark Pearson Independent Community Bankers Nashville, Tennessee March 12, 2012. Gross Fed. Debt FY-1900 to FY-2016. Source: usgovernmentspending.com. U.S. National Debt. Source: U.S. Treasury, CBO. Thoughts on the World Economy.
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ECONOMIC OUTLOOK: IMPLICATIONS FOR AG LENDERS Remarks by Mark Pearson Independent Community Bankers Nashville, Tennessee March 12, 2012
Gross Fed. Debt FY-1900 to FY-2016 Source: usgovernmentspending.com
U.S. National Debt Source: U.S. Treasury, CBO
Thoughts on the World Economy • $71.25 trillion – Global GDP • $14.89 trillion – EU GDP • $14.72 trillion – U.S. GDP • $9.87 trillion – China GDP • $4.33 trillion – Japan GDP • $4.04 trillion – India GDP Source: CIA Factbook
U.S. GDP – FY2004-FY2014 Source: usgovernmentspending.com
WorldReal GDP Growth 1980-2013 Source: Int’l Monetary Fund
U.S. Consumer Confidence Source: University of Michigan
New Housing Starts Source: U.S. Census of Bureau
Manufacturers’ New Orders 2010-11 Source: U.S. Census Bureau
DJIA Five-Year Performance Source: finance.yahoo.com
10-Year Treasury Note Yield Source: finance.yahoo.com
Five-YearU.S. Dollar Index Source: NYBOT
Five-Year Gold Prices Source: kitco.com
10-Year Prime Rate Source: MoneyCafe.com
Inflation Adjusted Farmland Values 1964-2010 Source: Chicago Federal Reserve
d Repayment Capacity 1970-2011 Source: ERS, USDA
Farm Sector Debt Ratios 1970-2011 Source: ERS, USDA
d FarmSector Equity 1970-2011 Source: ERS, USDA
Farm Sector Business Debt 1970-2011 Source: ERS, USDA
Light Sweet Crude Oil Source: NYMEX
China’s Total Primary Energy Consumption, 1970-2020 Source: Int’l Energy Outlook
China’s Demand for Oil Imports Source: Int’l Energy Outlook
China Flex Its Military Muscles Source: Defencetalk.com
Vital Maritime Chokepoints Source: EIA
Projected World Population 2050 Source: U.S. Census Bureau
World Population Growth Rate Source: CIA Factbook
“Youth Bulge” Population Impact 300 250 200 150 100 50 25 0 Millions 292.2 Afghanistan 240.3 Iran 158.1 100.2 91.2 Pakistan 79.4 69.4 53.3 25.1 2005 2030 2050 Source: Stanford Center for Longevity
Median Age in Mideast Hot Spots 41 Afghanistan 36 34 Iran 28 23 23 Pakistan 18 20 16 2005 2030 2050 Source: Stanford Center for Longevity
10-Year Corn Prices Source: NASS
10-Year Soybean Prices Source: NASS
10-Year Wheat Prices Source: NASS
10-Year Cattle Prices Source: NASS
10-Year Hog Prices Source: NASS
10-Year Cotton Prices Source: NASS