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 August 25, 2016 update (reflecting data through August 19) is -1.145. 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)

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 June) from the CalculatedRisk blog post of August 30, 2016 titled “Real Prices and Price-to-Rent Ratio in June”: (click on chart to enlarge image) _____ The Special Note summarizes my overall thoughts about our economic situation SPX … Read moreHouse Prices Reference Chart

Consumer Confidence Surveys – As Of August 30, 2016

Doug Short had a blog post of August 30, 2016 (“Consumer Confidence at 11-month High“) 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 charts that I … Read moreConsumer Confidence Surveys – As Of August 30, 2016

2nd Quarter 2016 Corporate Profits

Friday’s (August 26, 2016) GDP release (Q2, 2nd Estimate)(pdf) was accompanied by the BLS Corporate Profits report for the 2nd 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 (without IVA … Read more2nd Quarter 2016 Corporate Profits

Durable Goods New Orders – Long-Term Charts Through July 2016

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 July 2016, updated on August 25, 2016. This value is $228,904 ($ Millions): (click on charts to … Read moreDurable Goods New Orders – Long-Term Charts Through July 2016

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 August 18, 2016 update (reflecting data through August 12) is -1.094. 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)

Money Supply Charts Through July 2016

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 July 2016

The U.S. Economic Situation – August 23, 2016 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 – August 23, 2016 Update