Velocity Of Money – Charts Updated Through April 29, 2015

Here are three charts from the St. Louis Fed depicting the velocity of money in terms of the MZM, M1 and M2 money supply measures. All charts reflect quarterly data through the 1st quarter of 2015, and were last updated as of April 29, 2015.  As one can see, two of the three measures are at an … Read moreVelocity Of Money – Charts Updated Through April 29, 2015

Real GDP Chart Since 1947 With Trendline – 1st Quarter 2015

For reference purposes, below is a chart from Doug Short’s “Q1 GDP Advance Estimate Surprises to the Downside” post of April 29, 2015, depicting Real GDP, with a trendline, as depicted.  This chart reflects the Gross Domestic Product Q1 2015 Advance Estimate (pdf) of April 29, 2015: _____ The Special Note summarizes my overall thoughts about our economic situation SPX … Read moreReal GDP Chart Since 1947 With Trendline – 1st Quarter 2015

Chicago Fed National Financial Conditions Index (NFCI)

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 April 23, 2015 update (reflecting data through April 17) is -1.198. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other related … Read moreChicago Fed National Financial Conditions Index (NFCI)

Durable Goods New Orders – Long-Term Charts Through March 2015

Many people place emphasis on Durable Goods New Orders as a prominent economic indicator and/or leading economic indicator. For reference, below are charts depicting this measure. First, from the St. Louis Fed site (FRED), a chart through March, updated on April 24, 2015. This value is $240,175 ($ Millions): (click on charts to enlarge images) … Read moreDurable Goods New Orders – Long-Term Charts Through March 2015

Money Supply Charts Through March 2015

For reference purposes, below are two sets of charts depicting growth in the money supply. The first shows the MZM (Money Zero Maturity), defined in FRED as the following: M2 less small-denomination time deposits plus institutional money funds. Money Zero Maturity is calculated by the Federal Reserve Bank of St. Louis. Here is the “MZM … Read moreMoney Supply Charts Through March 2015

The U.S. Economic Situation – April 23, 2015 Update

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, … Read moreThe U.S. Economic Situation – April 23, 2015 Update

Chicago Fed National Financial Conditions Index (NFCI)

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 April 16, 2015 update (reflecting data through April 10) is -1.154. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other related … Read moreChicago Fed National Financial Conditions Index (NFCI)

Trends Of S&P500 Earnings Forecasts

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” (pdf) report of … Read moreTrends Of S&P500 Earnings Forecasts