America's Economic Future – A Discussion By Ted Kavadas
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 July 18, 2019, and represent an aggregation of individual S&P500 component “bottom up” analyst forecasts. For reference, the … Read moreYearly S&P500 EPS Forecasts For 2019, 2020 & 2021
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 July 11, 2019: Year 2019 estimates add to the following: -From a “bottom up” perspective, operating earnings of $163.26/share … Read moreStandard & Poor’s S&P500 EPS Estimates 2019 & 2020 – July 11, 2019
The St. Louis Fed’s Financial Stress Index (STLFSI) is one index that is supposed to measure stress in the financial system. Its reading as of the July 11, 2019 update (reflecting data through July 5, 2019) is -1.377. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and … Read moreChicago Fed National Financial Conditions Index (NFCI)
The July 2019 Wall Street Journal Economic Forecast Survey was published on July 12, 2019. The headline is “President Trump’s Criticism of the Fed Hasn’t Shifted Perception of Its Independence, Economists Say.” I found numerous items to be notable – although I don’t necessarily agree with them – both within the article and in the … Read moreThe July 2019 Wall Street Journal Economic Forecast Survey
U.S. Economic Indicators Throughout this site there are many discussions of economic indicators. At this time, the readings of various indicators are especially notable. This post is the latest in a series of posts indicating U.S. economic weakness or a notably low growth rate. While many U.S. economic indicators – including GDP – are indicating economic growth, others … Read moreCharts Indicating Economic Weakness – July 2019
The St. Louis Fed’s Financial Stress Index (STLFSI) is one index that is supposed to measure stress in the financial system. Its reading as of the July 5, 2019 update (reflecting data through June 28, 2019) is -1.268. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and … Read moreChicago Fed National Financial Conditions Index (NFCI)
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 … Read moreRecession Probability Models – July 2019
My overall analysis indicates a continuing elevated and growing level of financial danger which contains many worldwide and U.S.-specific “stresses” of a very complex nature. I have written numerous posts on this site concerning both ongoing and recent “negative developments.” These developments, as well as other exceedingly problematical conditions, have presented a highly perilous economic environment … Read moreBuilding Financial Danger – July 8, 2019 Update
I have written many blog posts concerning the worrisome trends in income and earnings. Along these lines, one of the measures showing disconcerting trends is that of hourly earnings. While the concept of hourly earnings can be defined and measured in a variety of ways, below are a few charts that I believe broadly illustrate problematic … Read moreAverage Hourly Earnings Trends
Shortly after each monthly employment report I have been posting a continual series titled “3 Critical Unemployment Charts.” Of course, there are many other employment charts that can be displayed as well. For reference purposes, below are the U-3 and U-6 Unemployment Rate charts from a long-term historical perspective. Both charts are from the St. … Read moreU-3 And U-6 Unemployment Rate Long-Term Reference Charts As Of July 5, 2019