America's Economic Future – A Discussion By Ted Kavadas
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 Advisor Perspectives’ …
Read moreLong-Term Charts Of The ECRI WLI & ECRI WLI, Gr. – April 16, 2021 Update
The St. Louis Fed’s Financial Stress Index (STLFSI2) is one index that is supposed to measure stress in the financial system. Its reading as of the April 15, 2021 update (reflecting data through April 9, 2021) is -.9184: source: Federal Reserve Bank of St. Louis, St. Louis Fed Financial Stress Index [STLFSI2], retrieved from FRED, …
Read moreChicago Fed National Financial Conditions Index (NFCI)
Although there was an official declaration of U.S. recession on June 8, 2020 (as discussed in the “Recession Declared For The United States By The NBER BCDC” post), the following discussion is warranted for many reasons. Among the reasons is that two of the measures mentioned below are “forward-looking” in nature. There are a variety …
The April 2021 Wall Street Journal Economic Forecast Survey was published on April 11, 2021. The headline is “With Economy Poised for Best Growth Since 1983, Inflation Lurks.” I found numerous items to be notable – although I don’t necessarily agree with them – both within the article and in the forecasts section. An excerpt: …
Read moreThe April 2021 Wall Street Journal Economic Forecast Survey
On April 7, 2021 the latest CFO Survey (formerly called the “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: CFOs expressed growing …
Read moreThe CFO Survey First Quarter 2021 – Notable Excerpts
The St. Louis Fed’s Financial Stress Index (STLFSI2) is one index that is supposed to measure stress in the financial system. Its reading as of the April 1, 2021 update (reflecting data through March 26, 2021) is -.7036: source: Federal Reserve Bank of St. Louis, St. Louis Fed Financial Stress Index [STLFSI2], retrieved from FRED, …
Read moreChicago Fed National Financial Conditions Index (NFCI)
For reference, below is a chart of the St. Louis Fed Price Pressures Measures – Deflation Probability [FRED STLPPMDEF] through March 2021. While I do not necessarily agree with the current readings of the measure, I view this as a proxy of U.S. deflation probability. A description of this measure, as seen in FRED: This …
Read moreU.S. Deflation Probability Chart Through March 2021
The following 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 March 2021 Chicago Fed National Activity Index (CFNAI) updated as of March 22, 2021: The CFNAI, with a current reading of -1.09: source: Federal Reserve Bank of Chicago, Chicago Fed National …
The St. Louis Fed’s Financial Stress Index (STLFSI2) is one index that is supposed to measure stress in the financial system. Its reading as of the March 18, 2021 update (reflecting data through March 12, 2021) is -.6639: source: Federal Reserve Bank of St. Louis, St. Louis Fed Financial Stress Index [STLFSI2], retrieved from FRED, Federal Reserve …
Read moreChicago Fed National Financial Conditions Index (NFCI)
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 Advisor Perspectives’ …
Read moreLong-Term Charts Of The ECRI WLI & ECRI WLI, Gr. – March 12, 2021 Update