While waiting at my bank the other day (they were counting a jar of coins) I picked up a 4-page paper setting next to my chair. The bank is West Coast Bank and the “Economic Forecast” was by William B. Conerly, Ph.D. of Conerly Consulting LLC. The date of the paper was January/February 2010.

I have only a limited understanding of economics, although I did take a year of it while in college ever so long ago. One thing that caught my eye was the comparison of the value of the U.S. dollar side by side with the Oregon and Washington employment forecasts. As the employment numbers rose in the period 2006 into 2008, the value of the U.S. dollar dropped. When employment dropped in 2008 through 2009, the value rose; but then dropped again in the second half of 2009.

The forecast is that both Oregon and Washington employments have bottomed out as of the beginning of 2010 and will rise throughout this year (2010).

The second item that caught my eye was that the 10th largest Pacific Northwest Trading Partner is United Arab Emirates (UAE). It only took me a minute to grasp that this must be because they must have purchased a bunch of Boeing aircraft. A quick look through Google and I came upon this statement on a Boeing website: Emirates, one of the United Arab Emirates (UAE) main airlines, is the largest operator of Boeing’s 777. UAE has also ordered Boeing 6 C-17 cargo aircraft.

Let’s keep that oil money flowing back into our United States industries.

Mr. Conerly has quite a bit of information available on his site which you can get to HERE.