1. Global Outlook June 2011

2. Areas Today Asia China U.S.A

3. Asia

4. Asia’s Contribution to Global GDP Growth

5. Soaring Industrial Production in Asia

6. Investments in Asia

7. Higher labor Costs in Asia ex Japan

8. Asia Inflation Supply Shortages Demand Pull Not Much Slack Overheating

9. Asia Place to Produce Invest Sell Future

10. Risks Inflation External Trade 2/3

11. China’s Economy

14. China: Inflation Food Inflation Peaked Non-food Inflation

16. House Prices for Asian Cities

17. Gov’t Policies Purchase Restrictions Property Taxes Higher Interest Rates

20. Construction Slowing

21. China: Too Much Inventories?

22. Conclusion Growth Cool Down Inflation Ease Control Property Prices Gradual Yuan Appr.

23. Stock Market Healthy Growth Inflation Ease Moderate P/E Better Market

24. U.S. Economy

26. U.S. Economy: Employment

29. U.S. Economy: Sectors

31. Where Jobs Are Going

32. Boathouse Sports

33. Manufacturers Experiencing Rising Exports

34. Export’s Contribution to GDP

35. U.S. Economic Growth (% Change Year over Year) Forecast

38. Dow Jones Commodity Index

40. Inflation Risks Inflation Expectations Wage Increases

44. Federal Budget Deficit

45. Federal Debt as % of GDP

49. Entitlement Spending

50. Higher Taxes

51. Some Hope Serious Debate Political Climate Grand Bargain ?

52. Quantitative Easing

53. Exit Strategy End QE2 Raise Interest Rate Shrink B/S

54. When? Inflation Economy Budget

63. Inflation and Multiples: 1950 - 2007

64. Corp. Prof./ Stocks Moderate U.S. Growth Low Cost Presssure Low Inflation and Rate Moderate P/E Ratio

65. Portfolio Long: Upside Hedge Fund: Downside

66. U.S.A Risks Euro Crisis Commodity Prices No Budget Agreement

67. DrSohn.com (not Dr.Sohn.com)