The State

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" colspan=2 height=82 style=" border-bottom: 3px solid #FF9900;" BGCOLOR="#006600" TEXT="#F7F7FF" bgproperties="fixed" background="7ce005521dwnpjk.jpg"> <div> <FONT SIZE="5" COLOR="#FFFFFF" FACE="Arial" ><B>InvestmentTools.com</B></FONT><FONT SIZE="2" COLOR="#000000" FACE="Arial" >  <style type="text/css">  </style> </FONT><FONT SIZE="2" COLOR="#CCCC99" FACE="Arial" > </FONT> |     <A HREF="https://investmenttools.com/" TARGET="_top" TITLE="https://investmenttools.com/">home</A></div> <div> <A HREF="https://investmenttools.com/the_home_of_investmenttools__the_com_tock_letter_and_tradingtools.htm" TARGET="_top" TITLE="https://investmenttools.com/the_home_"><B>About</B></A><B>   </B><A HREF="https://investmenttools.com/equities" TARGET="_top" TITLE="https://investmenttools.com/equities"><B>Equities</B></A><B>   </B><A HREF="https://investmenttools.com/futures" 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</td> <td valign="top" height=398 width="100%" BGCOLOR="#FFFFFF" TEXT="#080000"> <div> <B>The State</B></div> <bR> <bR> <div> <B>USA</B></div> <bR> <div> <A HREF="us_gdp_grpwth.htm" TARGET="_top" TITLE="U.S. GDP Growth"><FONT COLOR="#0000FF"><B><IMG BORDER="0" SRC="Symb075c00b700f0ff000000.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">U.S. GDP Growth</B></FONT></A></div> <div> <A HREF="durable_goods.htm" TARGET="_top" TITLE="Durable Goods"><FONT COLOR="#0000FF"><B><IMG BORDER="0" SRC="Symb075c00b700f0ff000000.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Durable Goods YoY % Change</B></FONT></A></div> <div> <A HREF="personal_consumption_expendi.htm" TARGET="_top" TITLE="Personal Consumption Expenditures"><FONT COLOR="#0000FF"><B><IMG BORDER="0" SRC="Symb075c00b700f0ff000000.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Personal Consumption Expenditures</B></FONT></A></div> <div> <B> <TABLE BORDER="0" CELLPADDING="2" CELLSPACING="1" WIDTH="553" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="VOID" RULES="NONE" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 868 WIDTH="547"><div> <A HREF="interest_expese_on_us_debt.htm" TARGET="_top" TITLE="Interest Expese on US Debt"><FONT COLOR="#3300FF"><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Interest Expense on U.S. Debt Outstanding</B></FONT></A></div> <div> <A HREF="top_us_tax_rate_on___unearned__income.htm" TARGET="_top" TITLE="Top US Tax Rate on Unearned Income"><FONT COLOR="#3300FF"><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Top U.S. Tax Rate</B></FONT></A></div> <div> <A HREF="tax_freedom_day.htm" TARGET="_top" TITLE="Tax Freedom Day"><FONT COLOR="#3300FF"><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Tax Freedom Day</B></FONT></A></div> <div> <A HREF="us_trade_surplusdeficit12e.htm" TARGET="_top" TITLE="ISM Purchasing Managers Index"><FONT COLOR="#3300FF"><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">ISM Purchasing Managers Index</B></FONT></A></div> <div> <A HREF="commercial_and_industrrial_l.htm" TARGET="_top" TITLE="Commercial and Industrrial Loans"><FONT COLOR="#3300FF"><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Commercial and Industrial Loans</B></FONT></A></div> <div> <A HREF="total_public_debt_as__of_gdp.htm" TARGET="_top" TITLE="Total Public Debt as of GDP"><FONT COLOR="#3300FF"><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Total Public Debt as % of U.S. GDP</B></FONT></A></div> <bR> <div> <A HREF="bankruptcies_in_the_united_s.htm" TARGET="_top" TITLE="Bankruptcies in the United States"><FONT COLOR="#3300FF"><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Bankruptcies in the United States</B></FONT></A></div> <div> <A HREF="u_s__gross_federal_debt_held_by_the_public.htm" TARGET="_top" TITLE="U.S. Gross Federal Debt Held by the Publ"><FONT COLOR="#3300FF"><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">U.S. Gross Federal Debt Held by the Public</B></FONT></A></div> <div> <A HREF="cpi__consumer_price_index.htm" TARGET="_top" TITLE="CPI Consumer Price Index"><FONT COLOR="#3300FF"><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Consumer Price Index CPI</B></FONT></A><B> </B></div> <div> <A HREF="ppi__pruducer_price_index.htm" TARGET="_top" TITLE="PPI Pruducer Price Index"><FONT COLOR="#3300FF"><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Producer Price Index PPI</B></FONT></A></div> <bR> <div> <A HREF="us_unemployment_rate.htm" TARGET="_top" TITLE="U.S. Unemployment Rate"><FONT COLOR="#3300FF"><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">U.S. Unemployment Rate</B></FONT></A><A HREF="us_unemployment_rate.htm" TARGET="_top" TITLE="U.S. Unemployment Rate"><FONT COLOR="#3300FF"><B> </B></FONT></A></div> <div> <A HREF="initial_jobless_claims.htm" TARGET="_top" TITLE="Initial Jobless Claims"><FONT COLOR="#3300FF"><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Inotial Jobless Claims</B></FONT></A></div> <div> <A HREF="leading_indicator.htm" TARGET="_top" TITLE="Leading Indicator"><FONT COLOR="#3300FF"><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">U.S. Leading Economic Indicator YoY%</B></FONT></A></div> <div> <A HREF="real_disposable_personal_inc.htm" TARGET="_top" TITLE="Real Disposable Personal Income"><FONT COLOR="#3300FF"><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Real Disposable Personal Income</B></FONT></A></div> <div> <A HREF="u_s__personal_savings_rate.htm" TARGET="_top" TITLE="U.S. Personal Savings Rate"><FONT COLOR="#3300FF"><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">U.S. </B></FONT></A><FONT SIZE="3" COLOR="#0033FF" FACE="Courier New" ><A HREF="u_s__personal_savings_rate.htm" TARGET="_top" TITLE="U.S. Personal Savings Rate"><FONT COLOR="#0033FF"><B>Personal Savings Rate</B></FONT></A></FONT></div> <div> <A HREF="inflation___deflation.htm" TARGET="_top" TITLE="Inflation / Deflation"><FONT COLOR="#3300FF"><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Inflation / Deflation</B></FONT></A><B> ?</B></div> <div> <A HREF="rate_of_inflation_yearly.htm" TARGET="_top" TITLE="Rate of Inflation Yearly"><FONT COLOR="#3300FF"><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Rate of Inflation Year over Year</B></FONT></A></div> <div> <A HREF="short_rates_minus_inflation_rate.htm" TARGET="_top" TITLE="Short Rates above or below the Inflation"><FONT COLOR="#0000FF"><B><IMG BORDER="0" SRC="Symb075c00b700f0ff000000.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Difference between U.S. Inflation Rate & Fed Funds Rate</B></FONT></A></div> <bR> <div> <A HREF="us_trade_surplusdeficit.htm" TARGET="_top" TITLE="US Trade Surplus / Deficit"><FONT COLOR="#3300FF"><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">US Trade Surplus/Deficit</B></FONT></A></div> <div> <A HREF="us_net_international_investment_position.htm" TARGET="_top" TITLE="U.S. Net International Investment Positi"><FONT COLOR="#3300FF"><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">US Net International Investment position</B></FONT></A><B> </B></div> <div> <A HREF="us_federal_government_finances_surplus_deficit.htm" TARGET="_top" TITLE="U.S. Federal Government Finances Surplus"><FONT COLOR="#3300FF"><B><IMG BORDER="0" SRC="Wing0a7300a800f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">US Federal Government Finances Surplus/Deficit</B></FONT></A></div> <div> <A HREF="corporate_tax_rates_major_industrial_nations.htm" TARGET="_top" TITLE="Corporate Tax Rates Major Industrial Nat"><FONT COLOR="#3300FF"><B><IMG BORDER="0" SRC="Symb075c00b700f0ff003300.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">Corporate Tax Rates in Major Industrial Nations</B></FONT></A></div> <div> <A 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