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Consumer Sector
Research
 
 
ABOUT US ECONOMIC RESEARCH FROM THE BOTTOM UP
  We specialize in understanding, interpreting, forecasting and communicating clearly about the consumer sector of the U.S. economy. Information on the consumer sector is invaluable to fixed income as well as equity managers, strategists, hedge funds and corporations.

Our approach is unique: Instead of working from the top down, we forecast from the bottom up. We very thoroughly and conscientiously examine every nook and cranny of the consumer sector so we understand it better than anyone else. We research company information as well as macro economic data, and we track the industrial sector as well as world trends. We then communicate in a form you can understand that is appropriate for the task you are trying to accomplish.

You need to know this information for a simple reason: the consumer accounts for over two-thirds of domestic U.S. economic activity. Add housing, which we consider a consumer item, and you've got 75%. The truth is, those who focus mostly on industrial production, exports, and whatnots are missing a major piece of the picture. In order to make an informed decision about anything sensitive to the economy you have to understand the consumer. And our goal is to assist our clients to make informed decisions.
  A LEADER IN OUR FIELD
  Our focus has helped Economic Analysis Associates become Wall Street's foremost organization providing research on the consumer sector of the economy and related securities to the investment community and to corporations.

Our forecasts have been recognized for their accuracy, including accurate T-bill and Treasury bond rate forecasts, and best overall forecast, including interest rates and GDP. While these accolades may not recur often (remember, most economists aren't even right once), they confirm the value added of our consumer-based approach.

  FULL SECTOR COVERAGE
  We provide coverage of all the important areas, including but not limited to:
• employment,
• income & spending
• housing & construction
• confidence
• saving, credit & debt
• taxes
• regional trends
• inflation
• interest rates
• demographics
• autos
• cycles
• revisions
• more

  RESEARCH YOU CAN USE
  Detailed coverage means economic information you can integrate with your investment philosophy, bounce off your analyst or company, test your thought pattern, challenge the consensus. This information can help you make a decision.

  FIVE PRIMARY MEANS OF COMMUNICATION
 

(1) Written research reports. Written material is purposely brief, to the point, understandable and relevant. We publish three on a regular basis:

The monthly Consumer Monitor deals with issues which are, or will be, of interest to our clients, especially topics that are or will soon become important to the decision making process. Current consumer behavior is analyzed and explained and issues relevant to the outlook are discussed. Read a recent Consumer Monitor.

Momentum Charts tracks unit, price and nominal sales in approximately 140 areas of consumer spending. This is an excellent indicator of shifts in final demand that will affect company performance. Extensive inflation information is of value to bond as well as equity investors. Quarterly chart book, monthly fax. Read a Best of Momentum summary or look at some detail.

(2) Faxes. Our faxes are full of pictures, usually about a page in length, and are designed to provide quick enlightenment. We fax when relevant information is at hand, usually weekly. Download a sample FAX.

(3) The telephone. More accessible and easier to arrange than a visit, we're here to take your calls. If you prefer to go over a "hand out" over the phone that can be arranged.

(4) Office visits. If you choose this option, we'll show up in your office with a "hand out," 15 to 20 pages of pictures, some of which we've published before, most of which we haven't, and spend an hour or so educating you about the current and expected state of the consumer. Of course, we're there to answer your questions. View a Hand Out.

(5) The Internet. Our entire research archive is available. Weekly faxes and the Consumer Monitor are delivered by email.

  CUSTOM SERVICE
  The real key to our service is personal contact. It is our policy to be available to answer your questions at any time and respond quickly to special requests. We find that the longer we work with a client the better able we are to tailor our service to your particular needs -- something we are willing and anxious to do.

PERSONNEL BIOGRAPHICAL INFORMATION
  SUSAN M. STERNE -- President & Chief Economist

Mrs. Sterne's thirty year Wall Street career has been devoted to understanding, forecasting and interpreting the consumer sector of the economy. Before founding Economic Analysis Associates in 1979 she was with various Wall Street houses including Goldman, Sachs, Cyrus J. Lawrence and Salomon Brothers where she was vice president in charge of all consumer research. Mrs. Sterne began publishing the monthly Consumer Monitor in 1975 while working as an economist in the research department of Faulkner, Dawkins & Sullivan. She has served as an advisor to the U.S. Department of Commerce and is a member of a number of professional organizations including The Conference of Business Economists, the National Association of Business Economists, the NYSSA and AIMR.

LAWRENCE J. STERNE -- Director of Research

Mr. Sterne's career has spanned over on-quarter century on Wall Street. Before joining Economic Analysis Associates in 1983 he was vice president of Chemical Bank in New York, which had more than $8 billion of client funds under management at the time. He has also worked for Cyrus J. Lawrence, Reyonolds Securities and The Northern Trust Company. Throughout his career, Mr. Sterne has been responsible for setting the policy and directing the specific securities selections for a broad cross-section of industries, consumer as well as industrial. In the early 1980's he was named the second most knowledgeable buy-side paper & forest products analyst in an Institutional Investor poll of the sell side.
CONTACT US FOR MORE INFORMATION
  Lawrence J. Sterne
Telephone: (203) 869-9667
Economic Analysis Associates, Inc
Fax: (203) 896-9549
5 Glen Court
Greenwich, Connecticut 06830-4505
E-mail: lsterne@eaainc.com
  DOWNLOAD SAMPLES
 
Download a sample FAX
CONSUMER MONITOR HANDOUT
BEST OF MOMENTUM summary MOMENTUM detail

5 Glen Court, Greenwich, CT 06830-4505
Tel: (203) 869-9667 • Fax: (203) 869-9549
info@eaainc.com


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