Long-Term Charts Of The ECRI WLI & ECRI WLI, Gr. – January 29, 2016 Update

As I stated in my July 12, 2010 post (“ECRI WLI Growth History“): For a variety of reasons, I am not as enamored with ECRI’s WLI and WLI Growth measures as many are. However, I do think the measures are important and deserve close monitoring and scrutiny. Below are three long-term charts, from Doug Short’s … Read moreLong-Term Charts Of The ECRI WLI & ECRI WLI, Gr. – January 29, 2016 Update

Consumer Confidence Surveys – As Of January 29, 2016

Doug Short had a blog post of January 29, 2016 (“Michigan Consumer Sentiment:  January Final Fractionally Below December“) 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 above … Read moreConsumer Confidence Surveys – As Of January 29, 2016

Velocity Of Money – Charts Updated Through January 29, 2016

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 4th quarter of 2015, and were last updated as of January 29, 2016.  As one can see, two of the three measures are at an … Read moreVelocity Of Money – Charts Updated Through January 29, 2016

Real GDP Chart Since 1947 With Trendline – 4th Quarter 2015

For reference purposes, below is a chart from Doug Short’s “Q4 GDP Advance Estimate at .7%, Down from Q3 Third Estimate” post of January 29, 2016, depicting Real GDP, with a trendline, as depicted.  This chart reflects the Gross Domestic Product Q4 2015 Advance Estimate (pdf) of January 29, 2016: _____ The Special Note summarizes my overall thoughts about our … Read moreReal GDP Chart Since 1947 With Trendline – 4th Quarter 2015

Employment Cost Index (ECI) – Fourth Quarter 2015

While the concept of Americans’ incomes can be defined in a number of ways, many prominent measures continue to show disconcerting trends. One prominent measure is the Employment Cost Index (ECI). Here is a description from the BLS document titled “The Employment Cost Index:  what is it?“: The Employment Cost Index (ECI) is a quarterly … Read moreEmployment Cost Index (ECI) – Fourth Quarter 2015

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

Many people place emphasis on Durable Goods New Orders as a prominent economic indicator and/or leading economic indicator. For reference, below are two charts depicting this measure. First, from the St. Louis Fed site (FRED), a chart through December, updated on January 28, 2016. This value is $225,422 ($ Millions): (click on charts to enlarge … Read moreDurable Goods New Orders – Long-Term Charts Through December 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 January 21, 2016 update (reflecting data through January 15) is -.416. 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)

U.S. Deflation – January 27, 2016 Update

This post provides an update to various past posts discussing deflation and “deflationary pressures,” including the most recent post, that of September 21, 2015 titled “U.S. Deflation – September 21, 2015 Update.”   I have extensively written of “deflationary pressures” and deflation as I continue to believe that prolonged and deep U.S. deflationary conditions are … Read moreU.S. Deflation – January 27, 2016 Update

Money Supply Charts Through December 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 December 2015

Updates Of Economic Indicators January 2016

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 January 2016 Chicago Fed National Activity Index (CFNAI) updated as of January 22, 2016: (current reading of -.22; current reading of CFNAI-MA3 is -.24): – The ECRI WLI (Weekly … Read moreUpdates Of Economic Indicators January 2016