America's Economic Future – A Discussion By Ted Kavadas
Perhaps the main reason that I write of our economic situation is that I continue to believe, based upon various analyses, that our economic situation is in many ways misunderstood. While no one likes to contemplate a future rife with economic adversity, current and future economic problems must be properly recognized and rectified if high-quality, …
For reference purposes, below are two sets of charts depicting growth in the money supply. The first shows the M1, defined in FRED as the following: Before May 2020, M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those …
S&P500 earnings trends and estimates are a notably important topic, for a variety of reasons, at this point in time. FactSet publishes a report titled “Earnings Insight” that contains a variety of information including the trends and expectations of S&P500 earnings. For reference purposes, here are two charts as seen in the “Earnings Insight” report of April …
As many are aware, Refinitiv publishes earnings estimates for the S&P500. (My other posts concerning S&P earnings estimates can be found under the S&P500 Earnings tag) The following estimates are from Exhibit 24 of the “S&P500 Earnings Scorecard” (pdf) of April 11, 2025, and represent an aggregation of individual S&P500 component “bottom up” analyst forecasts. For reference, the …
As many are aware, Standard & Poor’s publishes earnings estimates for the S&P500. (My posts concerning their estimates can be found under the S&P500 Earnings tag) For reference purposes, the most current estimates are reflected below, and are as of April 8, 2025: Year 2024 estimates add to the following: -From a “bottom up” perspective, operating earnings of $233.36/share -From …
On April 15, 2025, the Fannie Mae Q1 2025 Home Price Expectations Survey (HPES) results were released. This survey is done on a quarterly basis. Various Q1 2025 Fannie Mae Home Price Expectations Survey information is available, including the chart seen below: As one can see from the above chart, the average expectation is that the residential real estate market, …
The following is the latest update of 9 charts that depict various aspects of the U.S. economic and financial situation. I find these charts portray disturbing long-term trends. These trends have been in effect for years. These charts raise a lot of questions. As well, they highlight the “atypical” nature of our economic situation from …
The April 2025 Wall Street Journal Economic Forecast Survey was published on April 12, 2025. The headline is “Economic Outlook Dives Just Three Months Into Trump’s Term.” I found numerous items to be notable – although I don’t necessarily agree with them – both within the article and in the forecasts section. An excerpt: Since …
The St. Louis Fed’s Financial Stress Index (STLFSI4) is one index that is supposed to measure stress in the financial system. Its reading as of the April 10, 2025 update (reflecting data through April 4, 2025) is .0944: source: Federal Reserve Bank of St. Louis, St. Louis Fed Financial Stress Index [STLFSI4], retrieved from FRED, …
There are a variety of economic models that are supposed to predict the probabilities of recession. While I don’t agree with the methodologies employed or probabilities of impending economic weakness as depicted by the following two models, I think the results of these models should be monitored. Please note that each of these models is …