America's Economic Future – A Discussion By Ted Kavadas
As many are aware, Refinitiv publishes earnings estimates for the S&P500. (My other posts concerning S&P earnings estimates can be found under the S&P500 Earnings tag) The following estimates are from Exhibit 24 of the “S&P500 Earnings Scorecard” (pdf) of April 22, 2019, and represent an aggregation of individual S&P500 component “bottom up” analyst forecasts. For reference, the …
As many are aware, Standard & Poor’s publishes earnings estimates for the S&P500. (My posts concerning their estimates can be found under the S&P500 Earnings tag) For reference purposes, the most current estimates are reflected below, and are as of April 18, 2019: Year 2019 estimates add to the following: -From a “bottom up” perspective, operating earnings of $165.02/share …
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 April 2019 Chicago Fed National Activity Index (CFNAI) updated as of April 22, 2019: The CFNAI, with current reading of -.15: source: Federal Reserve Bank of Chicago, Chicago Fed …
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 the Doug …
While I do not agree with the current readings of the measure – I think the measure dramatically understates the probability of deflation, as measured by the CPI – the Federal Reserve Bank of Atlanta maintains an interesting data series titled “Deflation Probabilities.” As stated on the site: Using estimates derived from Treasury Inflation-Protected Securities …
On April 17, 2019 the April 2019 Duke/CFO Global Business Outlook was released. It contains a variety of statistics regarding how CFOs view business and economic conditions. In this CFO survey press release, I found the following to be the most notable excerpts – although I don’t necessarily agree with them: Sixty-seven percent of U.S. …
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 11, 2019 update (reflecting data through April 5, 2019) is -1.272. Of course, there are a variety of other measures and indices that are supposed to measure financial stress …
I find the following charts to be disturbing. These charts would be disturbing at any point in the economic cycle; that they (on average) depict such a tenuous situation now – 118 months after the official (as per the September 20, 2010 NBER BCDC announcement) June 2009 end of the recession – is especially notable. …
U.S. Economic Indicators Throughout this site there are many discussions of economic indicators. At this time, the readings of various indicators are especially notable. This post is the latest in a series of posts indicating U.S. economic weakness or a notably low growth rate. While many U.S. economic indicators – including GDP – are indicating economic growth, others …
The April 2019 Wall Street Journal Economic Forecast Survey was published on April 11, 2019. The headline is “Raising Minimum Wage Would Cost Jobs, Say Economists in WSJ Survey.” I found numerous items to be notable – although I don’t necessarily agree with them – both within the article and in the “Economist Q&A” section. …