As U.S. Bank's region economist, Dr. John Mitchell, Ph.D. has a long history of providing keen analysis and straight-forward economic forecasts to businesses throughout the western part of the country. With the recent announcement of his retirement, Dr. Mitchell will no longer author our bimonthly Western Update. We greatly appreciate his many contributions and wish him well.

I'd like to take this opportunity to introduce you to Macroeconomic Advisers, a St. Louis based firm with 25 years' experience in economic forecasting. Like Dr. Mitchell, Macroeconomic Advisers has long served as a source of economic reporting, analysis and forecasting for U.S. Bank. Read their latest assessment of the national economy and their predictions for upcoming quarters.

Regards,

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