Durable Goods New Orders – Long-Term Charts Through February 2020

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 February 2020, updated on March 25, 2020. This value is $249,409 ($ Millions): (click on charts to … Read more Durable Goods New Orders – Long-Term Charts Through February 2020

Money Supply Charts Through February 2020

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 Money … Read more Money Supply Charts Through February 2020

Total Household Net Worth As Of 4Q 2019 – Two Long-Term Charts

For reference purposes, here is Total Household Net Worth from a long-term perspective (from 1945:Q4 through 2019:Q4).  The last value (as of the March 12, 2020 update) is $118.36818 Trillion: (click on each chart to enlarge image) – Also of interest is the same metric presented on a “Percent Change from a Year Ago” basis, … Read more Total Household Net Worth As Of 4Q 2019 – Two Long-Term Charts

Total Household Net Worth As A Percent Of GDP 4Q 2019

The following chart is from the CalculatedRisk post of March 12, 2020 titled “Fed Flow of Funds: Household Net Worth Increased in Q4.” It depicts Total Household Net Worth as a Percent of GDP.  The underlying data is from the Federal Reserve’s Z.1 report, “Financial Accounts of the United States“: (click on chart to enlarge … Read more Total Household Net Worth As A Percent Of GDP 4Q 2019

Charts Indicating Economic Weakness – March 2020

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 … Read more Charts Indicating Economic Weakness – March 2020

Average Hourly Earnings Trends

I have written many blog posts concerning the worrisome trends in income and earnings. Along these lines, one of the measures showing disconcerting trends is that of hourly earnings. While the concept of hourly earnings can be defined and measured in a variety of ways, below are a few charts that I believe broadly illustrate problematic … Read more Average Hourly Earnings Trends

10-Year Treasury Yields – Two Long-Term Charts As Of March 4, 2020

I have written extensively about the importance of U.S. interest rate levels.  Rising interest rates have substantial ramifications for many aspects of the current-day economy.  My commentaries with regard to interest rates and the bond bubble are largely found under the “bond bubble” tag.   From an intervention perspective commentary is found under the “Intervention” … Read more 10-Year Treasury Yields – Two Long-Term Charts As Of March 4, 2020

Markets During Periods Of Federal Reserve Intervention – February 29, 2020 Update

In the August 9, 2011 post (“QE3 – Various Thoughts“) I posted a chart that depicted the movements of the S&P500, 10-Year Treasury Yield and the Fed Funds rate spanning the periods of various Federal Reserve interventions since 2007. For reference purposes, here is an updated chart (through February 28, 2020) from the Doug Short … Read more Markets During Periods Of Federal Reserve Intervention – February 29, 2020 Update

Broad-Based Indicators Of Economic Activity

The Chicago Fed National Activity Index (CFNAI) and the Aruoba-Diebold-Scotti Business Conditions Index (ADS Index) are two broad-based economic indicators that I regularly feature in this site. The short-term and long-term trends of each continue to be notable. The post on the Doug Short site of February 28, 2020, titled “The Philly Fed ADS Index … Read more Broad-Based Indicators Of Economic Activity

Durable Goods New Orders – Long-Term Charts Through January 2020

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 January 2020, updated on February 27, 2020. This value is $246,199 ($ Millions): (click on charts to … Read more Durable Goods New Orders – Long-Term Charts Through January 2020