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Quote of the day A billion here, a billion there, and pretty soon you're talking about big money. Senator Everett Dirksen |
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| Ceridian/UCLA Pulse of Commerce | |
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UCLA Anderson Forecast Teams with Ceridian Corporation on Launch of New Economic Indicator
Ceridian-UCLA Pulse of Commerce Index™ by UCLA Anderson School of anagement Tracks Diesel Fuel Purchases Across the Country; January Data Indicate National Economy Still Disappointing Los Angeles, Feb. 10, 2010 - On the positive side, Ceridian Corporation and the UCLA Anderson Forecast jointly announced the release of a new, first-of-its-kind indicator able to track the status, and potentially the future direction of the U.S. and regional economies. Dubbed the Ceridian-UCLA Pulse of Commerce Index™ (PCI) by UCLA Anderson School of Management, the PCI is based on real-time diesel fuel purchases by over the road truckers using a Ceridian card at more than 7,000 locations across the United States. [Click here for the full story] |
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New Ceridian-UCLA Pulse of Commerce Index™ Reveals Need for Economic Reality Check as January Number Declines
Index Drops in january after Exceptionally Strong December; Foretells Industrial Production Index Minneapolis, Minn., Feb. 10, 2010 - Results from a major new econometric report – the Ceridian-UCLA Pulse of Commerce Index™ by UCLA Anderson School of Management – show the U.S. economy fell in January after a significant increase in December, with the index falling at an annualized rate of 36.8 percent. The more reliable three-month moving average for January managed to show a 3.3 percent gain at an annualized rate following the exceptional annualized rate of 14.6 percent in the previous month. [Click here for the full story] |
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| December 2009 Economic Outlook | |
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Modest Growth Coupled with High Unemployment Seen In National Economy
Little or No Economic Growth in California This Year, Followed by "Slight" Growth in 2010 Before More Normal Growth Rates Return in 2011 LOS ANGELES, December 9, 2009 - In its fourth quarterly report of 2009, the UCLA Anderson Forecast continues its theme from September that the national economy is on a “modest growth path that will be accompanied by extraordinarily high rates of unemployment.” This slow growth outlook reflects the lagged effects of the implosion of consumer balance sheets and, according to the Forecast, is a result of the economy in transition from being an import-oriented/low-savings rate one to a more export and higher-savings oriented one. Fueling this transition is the administration’s “weak dollar policy” which encourages exports and discourages the consumption of imports and the combined effect will cause real consumer spending to grow at a modest 2% rate – far below the historical 3 – 3.5% rate. In California, the UCLA Anderson Forecast suggests that the recession is playing out much as was predicted. The state’s unemployment rate continues to increase and local government employment continues to decline. Larger than expected reductions in government spending lowers the California forecast slightly when compared to the previous report. [Click here for the full story] |
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| June 2009 Economic Forecast Conference | |
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Video Keynote Address - Commercial Real Estate: Distress and Opportunity Mike Kirby, Chairman and Director of Research, Green Street Advisors Download the accompanying Powerpoint Slides. Contact Green Street Advisors |
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