Valve
MAGAZINE
INDUSTRY
CAPSULES
VMA NEWS
STAFF
PUBLISHER
William S. Sandler
ASSOCIATE PUBLISHER/
EDITOR-IN-CHIEF
Judy Tibbs
MANAGING EDITOR
Genilee Parente
ASSISTANT EDITOR
Chris Guy
CONTRIBUTING EDITORS
Greg Johnson
Peter Cleaveland
MORE VMA MEMBERS JOIN GROWING DONOR LIST
The Friends of the Crawford Library, Inc. (FOCL) is pleased to announce the addition of several
new corporate donors during the last quarter. Contributions to the FOCL are used to help support VMA’s education and training programs.
Tyco Flow Control becomes FOCL’s first Diamond sponsor, while Cameron, Curtiss-Wright
Flow Control and The Russell & Beverly Ginn Foundation are new Gold sponsors. New at the
Silver level are DFT Inc., Global Flow Technologies and Rotork Controls. Additional Bronze
donors include Moog Flo-Tork, United Valve and Uni Torq Actuators & Controls.
For a complete list of corporate contributors, visit VMA.org > Valve Education > About
Valve Ed. Companies and individuals who wish to make donations online can do so by choosing
“Donations” under the Valve Education link. For more information, email jtibbs@vma.org.
ART DIRECTOR/
PRODUCTION MANAGER
Michelle Wandres
ADVERTISING DIRECTOR
Sue Partyke
How to Contact
VALVE MAGAZINE
EDITORIAL OFFICES
7000 Radford Drive
Fredericksburg, VA 22407
phone: 540.785.8901
fax: 540.785.8903
email: jtibbs@vma.org
website:
www.ValveMagazine.com
ADVERTISING SALES
Sue Partyke
1101 Caroline Street
Suite 200
Fredericksburg, VA 22401
phone: 540.374.9100
fax: 540.374.9265
email: spartyke@vma.org
CIRCULATION/SUBSCRIPTIONS
phone: 570.567.1193
fax: 570.320.2079
email:
valve@PublishersServiceAssociates.com
NEW PRODUCTS, MEDIA &
INDUSTRY NEWS
Chris Guy
phone: 540.785.8901
fax: 540.785.8903
email: cguy@vma.org
ARTICLE SUBMISSIONS
VALVE MAGAZINE
welcomes articles, proposals,
manuscripts, photographs, and
ideas from our readers. For a
copy of the magazine’s Author’s
Guidelines, contact Judy Tibbs,
editor-in-chief, at jtibbs@vma.org
or call 540.785.8901.
MARKET FOCUS
RED LIGHT, GREEN LIGHT:
INTERPRETING THE
GLOBAL ECONOMY
In his talk at VMA’s recent
Market Outlook Workshop,
Farid Abolfathi of IHS Global
Insight explained how 20
global indicators tracked by
his company monitor world
growth. While the signals are
still weak, some positive signs
are beginning to emerge. The
percentage of green indicators
shows favorable response
while the up arrows are
indicators that developments
are moving in the right
direction. Overall in July
2009, there were 8 green
lights and 12 red lights
(unfavorable indicators). There
were also 11 up arrows and 9
down arrows (moving in the
wrong direction). To read more
about Abolfathi’s remarks, go
to page 22.
Global Economy’s Current Status and Direction
July 2009
Global Interest Rate Spread
Real Global Policy Rate
TED Spread: LIBOR vs. T-Bill Spread
Global New Orders
Real Global Broad Money (M2) Supply
Real Global Narrow Money (M1) Supply
Global Foreign Exchange Reserves
Global Consumer Confidence
Global Manufacturing Confidence
Global Equity Prices
Industrial Metals Prices
Baltic Dry Index
Real Crude Oil Prices
EU & U.S. Lending Standards
Global Industrial Production
Global Employment
Global Inflation, CPI
Global Retail Sales
Global Real Imports
Corporate Profit Proxy: CPI–WPI Difference
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