diamond offshore drilling inc. university of illinois at urbana-champaign real client managed...
If you can't read please download the document
DESCRIPTION
3 Macroeconomic outlook Major macroeconomic variables: GDP shrinks at 0.3% p.a. in 3Q 2008 Increase in unemployment rate from 5.7% (07/08) to 6.1% (09/08) Consumer confidence index hits its lowest levels in its history Productivity index has positive tendency since 01/08 Continued high volatility in stocks markets Bearish trend in majority of commodity markets High volatility of oil prices Lack of confidence in international credit markets despite measures taken by central banks and governments Fed cut rates to 1% to mitigate fears of economic recession