Stock Market Capitalization To GDP – Through Q3 2015

“Stock market capitalization to GDP” is a notable and important metric regarding stock market valuation.  In February of 2009 I wrote of it in “Does Warren Buffett’s Market Metric Still Apply?” Doug Short has recently published a post depicting this “stock market capitalization to GDP” metric. As seen in his November 27, 2015 post titled … Read moreStock Market Capitalization To GDP – Through Q3 2015

Consumer Confidence Surveys – As Of November 25, 2015

Doug Short had a blog post of November 25, 2015 (“Michigan Consumer Sentiment: November Final Survey Drops from Preliminary“) in which he presents the latest Conference Board Consumer Confidence and Thomson/Reuters University of Michigan Consumer Sentiment Index charts.  They are presented below: (click on charts to enlarge images) – – There are a few aspects of the … Read moreConsumer Confidence Surveys – As Of November 25, 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 November 25, 2015 update (reflecting data through November 20) is -.822. 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 October 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 October, updated on November 25, 2015. This value is $238,976 ($ Millions): (click on charts to enlarge images) … Read moreDurable Goods New Orders – Long-Term Charts Through October 2015

Money Supply Charts Through October 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 October 2015

House Prices Reference Chart

As a reference for long-term house price index trends, below is a chart, updated with the most current data (through September) from the CalculatedRisk blog post of November 24, 2015 titled “Real Prices and Price-to-Rent Ratio in September”: (click on chart to enlarge image) _____ The Special Note summarizes my overall thoughts about our economic situation SPX … Read moreHouse Prices Reference Chart

3rd Quarter 2015 Corporate Profits

Today’s GDP release (Q3, 2nd Estimate)(pdf) was accompanied by the BLS Corporate Profits report for the 3rd Quarter. Of course, there are many ways to adjust and depict overall Corporate Profits.  For reference purposes, here is a chart from the St. Louis Federal Reserve (FRED) showing the Corporate Profits After Tax (last updated November 24, 2015, … Read more3rd Quarter 2015 Corporate Profits

Updates Of Economic Indicators November 2015

Here is an update of various indicators that are supposed to predict and/or depict economic activity. These indicators have been discussed in previous blog posts: The November 2015 Chicago Fed National Activity Index (CFNAI) updated as of November 23, 2015: – The ECRI WLI (Weekly Leading Index): As of November 20, 2015 (incorporating data through November … Read moreUpdates Of Economic Indicators November 2015

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