Zillow Q2 2017 Home Price Expectations Survey – Summary & Comments

On May 31, 2017, the Zillow Q2 2017 Home Price Expectations Survey results were released.  This survey is done on a quarterly basis. Two excerpts from the Press Release: Expectations for overall home price growth are stronger now than they were a year ago. A year ago, panelists predicted that home prices would rise 3.4 percent … Read moreZillow Q2 2017 Home Price Expectations Survey – Summary & Comments

Consumer Confidence Surveys – As Of May 30, 2017

Doug Short had a blog post of May 30, 2017 (“Michigan Consumer Confidence Down, Remains Optimistic“) 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 May 30, 2017

1st Quarter 2017 Corporate Profits

Today’s (May 26, 2017) GDP release (Q1, 2nd Estimate)(pdf) was accompanied by the BLS Corporate Profits report for the 1st 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 more1st Quarter 2017 Corporate Profits

Durable Goods New Orders – Long-Term Charts Through April 2017

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 April 2017, updated on May 26, 2017. This value is $231,168 ($ Millions): (click on charts to … Read moreDurable Goods New Orders – Long-Term Charts Through April 2017

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 May 18, 2017 update (reflecting data through May 12, 2017) is -1.496. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other … Read moreChicago Fed National Financial Conditions Index (NFCI)

Money Supply Charts Through April 2017

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 April 2017

The U.S. Economic Situation – May 23, 2017 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 – May 23, 2017 Update