2. Using the information in the table, answer the following questions in your news letter (write it as a news letter, not questions and answers) and provide your analysis and arguments. (a) After digesting the recent trend of leading indicators you collected, forcast the trend of US economy, i.e. whether the economy is contracting or expanding. (2 points) (b) Provide your analysis on where the economy is standing now in the business cycle (Figure 3.1) and how far (months or years) away from the turning point (trough or peak)? (1 point) (c) Combining your answer to Question b and the industry sector rotation (Figure 3.1 and the textbook page 392), identify one industry that will be the best performer in two and half months (this semester) in the economic condition you forecast in Questions a and b? (1 point) (d) Is the industry sector you identied in Question c growing, mature or declining (Figure 3.1 and the textbook page 393) and what are the impacts on the protability of the sector? (1 point) (e) What is the protability of the industry (see Industry Structure and Performance on the textbook page 395)? In other words, is it easy or difcult for a company in the industry to make money or not? (1 point)